Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
ACI > SEC Filings for ACI > Form 8-K on 18-Jun-2012All Recent SEC Filings

Show all filings for ARCH COAL INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ARCH COAL INC


18-Jun-2012

Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Stat


Item 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers

On June 12, 2012, the Board of Directors of Arch Coal, Inc. (the "Company") elected, effective immediately, Paul T. Hanrahan as a director of the Company. Mr. Hanrahan will serve as a Class I director, with his term expiring at the 2013 annual meeting of stockholders of the Company, and will serve on the board's audit committee and nominating and corporate governance committee.

Mr. Hanrahan served as the President and Chief Executive Officer of The AES Corporation, one of the world's leading independent power producers, from June 2002 to September 2011. He was Executive Vice President and Chief Operating Officer of The AES Corporation from 2000 to 2002 and President and Chief Executive Officer of AES China Generating Co., Ltd. from 1993 until 1998. Mr. Hanrahan served as a director of The AES Corporation from June 2002 to September 2011. Mr. Hanrahan serves as a director of Ingredion, Inc., a manufacturer of sweeteners and other food ingredients; AquaVentures Holdings, LLC, an owner and operator of desalination systems; and GreatPoint Energy, Inc., a producer of clean, low-cost natural gas from coal, petroleum coke and biomass. He holds a Bachelor of Science degree in mechanical engineering from the U.S. Naval Academy and a Master of Business Administration degree from Harvard Business School.

In accordance with the Company's non-employee director compensation plan, Mr. Hanrahan will receive a new director fee equal to $60,000, a grant of 1,460 restricted stock units and an annual retainer of $120,000. Pursuant to the Company's deferred compensation plan, 100% of the new director fee is required to be deferred into a hypothetical investment in the Company's common stock in order to align the interests of the Company's directors with the long-term interests of stockholders. In addition, the Company's directors receive additional annual committee retainer fees equal to $15,000 for serving on the audit committee and $10,000 for serving on any other committee of the Company.

Mr. Hanrahan will also be eligible to participate in the Company's deferred compensation plan and other compensation arrangements for non-employee directors, and is subject to the stock ownership guidelines for non-employee directors, described under the heading "Director Compensation" in the Company's proxy statement filed with the Securities and Exchange Commission on March 16, 2012. Mr. Hanrahan entered into an indemnification agreement with the Company, effective as of June 12, 2012, substantially in the form attached as Exhibit 10.40 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010.



Item 7.01 Regulation FD Disclosure.

On June 18, 2012, the Company issued a press release announcing the election described above. A copy of the press release is furnished as Exhibit 99.1 hereto and is hereby incorporated by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is attached hereto and furnished herewith.

Exhibit
No. Description
99.1 Press release dated June 18, 2012.


  Add ACI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for ACI - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2013 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.