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| ES > SEC Filings for ES > Form 8-K on 15-Jan-2013 | All Recent SEC Filings |
15-Jan-2013
Change in Directors or Principal Officers, Financial Statements and Exhibit
(e) Compensatory Arrangements of Certain Officers
On January 9, 2013, the Compensation Committee of the Board of Directors of EnergySolutions, Inc. (the "Company") approved retention awards in the following amounts to the named executive officers set forth below:
David Lockwood: $ 3,300,000 Greg Wood: $ 1,200,000 John Christian: $ 100,000 Mark Morant: $ 100,000 Alan Parker: $ 100,000 |
The retention awards were approved in connection with the Company's recently announced agreement to consummate a merger with a subsidiary of Rockwell Holdco, Inc., an affiliate of Energy Capital Partners, a leading private equity firm focused on investing in North America's energy infrastructure, (the "Merger") and will be granted pursuant to a retention award letter, substantially in the form filed with this Form 8-K. Subject to any required tax withholdings, the awards will be paid upon and subject to the closing of the Merger and the aforementioned officers' employment with the Company through the date of the closing of the Merger.
Additional information regarding the Merger and a copy of the merger agreement can be found on the Company's Current Report on Form 8-K filed on January 8, 2013.
(d) Exhibits
Exhibit No. Exhibit
10.1 Form of Retention Award Letter Agreement
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