Business Context and Reporting Period
This Form 8-K filing by American Electric Power Company, Inc. (AEP) reports a corporate governance event. The report date is September 23, 2009, covering an event that occurred on September 22, 2009.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on board composition changes.
Material Changes
The Board of Directors elected James F. Cordes as a new director. His initial term continues until the 2010 annual meeting of shareholders. Mr. Cordes was appointed to the Policy Committee and is classified as an "independent" director under NYSE and SEC rules.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. It notes that Mr. Cordes will receive standard non-employee director compensation as disclosed in the 2009 Proxy Statement. The company confirmed there are no undisclosed arrangements or material interest transactions involving Mr. Cordes.
Investor Verification Checklist
- Verify Mr. Cordes' full biographical details and prior board service history.
- Review the 2009 Proxy Statement for specific non-employee director compensation policies.
- Confirm the composition of the Policy Committee following this appointment.
- Check for any subsequent filings regarding the 2010 annual meeting of shareholders.