Ameren Corporation 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed on October 14, 2004, by Ameren Corporation and its Illinois-based utility subsidiaries: Central Illinois Public Service Company (CIPS), Central Illinois Light Company (CILCO), and Illinois Power Company (IPC). The report covers corporate governance events occurring on October 8, 2004, with effective dates for certain changes set for October 15, 2004.
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 corporate governance and management changes rather than financial performance.
Material Changes
- Management Appointment: Scott A. Cisel was elected President of CIPS, CILCO, and IPC, replacing Gary L. Rainwater effective October 15, 2004. Mr. Cisel will serve as the principal operating officer, while Mr. Rainwater remains the principal executive officer.
- Board Elections: Mr. Cisel was elected to fill vacancies on the Boards of Directors for CIPS and IPC effective October 15, 2004. He is already a member of the CILCO Board.
- Bylaw Amendments: The Bylaws for CIPS, CILCO, and IPC were amended to:
- Add the position of Chief Operating Officer as a principal officer.
- Change the Board size for CIPS and CILCO to a range of 3 to 8 directors.
- Revise officer positions for CIPS and IPC to permit separate President and Chief Executive Officer roles.
- Add the position of Chairman of the Board for CIPS.
Outlook, Risks, and Commentary
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. Management commentary is limited to the background of Mr. Cisel, noting his prior roles as Vice President of IPC (since September 2004) and Vice President and Chief Operating Officer for CILCO (since January 2003), following various senior management positions in sales, customer service, and operations.
Key Facts for Investor Verification
- Confirm the effective date of Scott A. Cisel's new roles as President and Board member (October 15, 2004).
- Verify the specific structural changes to the Bylaws of CIPS, CILCO, and IPC regarding officer titles and Board size.
- Note that Gary L. Rainwater retains the title of principal executive officer despite stepping down as President.
- Review the attached Exhibits 3.1, 3.2, and 3.3 for the full text of the amended Bylaws.