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WEC > SEC Filings for WEC > Form 8-K on 22-Jul-2013All Recent SEC Filings

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Form 8-K for WISCONSIN ENERGY CORP


22-Jul-2013

Change in Directors or Principal Officers


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On July 18, 2013, the board of directors of Wisconsin Energy Corporation named Allen L. Leverett President of the company, effective August 1, 2013. Mr. Leverett currently serves as an executive vice president of Wisconsin Energy and head of the company's power generation group, which he will continue to lead.

Mr. Leverett succeeds Gale E. Klappa as President. Mr. Klappa will continue as Chairman of the Board and Chief Executive Officer of Wisconsin Energy.

For biographical data and other information regarding Mr. Leverett, see Wisconsin Energy's Annual Report on Form 10-K for the year ended December 31, 2012, which information is incorporated herein by reference. In recognition of Mr. Leverett's new position, the compensation committee of Wisconsin Energy's board of directors increased his annual base salary to $750,000 and his target award under the company's short-term performance plan to 90% of base salary. Otherwise, Mr. Leverett's compensatory arrangement will remain the same.


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