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ITC > SEC Filings for ITC > Form 8-K on 23-Jun-2014All Recent SEC Filings

Show all filings for ITC HOLDINGS CORP.

Form 8-K for ITC HOLDINGS CORP.


23-Jun-2014

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 June 18, 2014, the Compensation Committee (the "Committee") of the Board of Directors of ITC Holdings Corp. (the "Company") approved a supplemental pay increase to Rejji P. Hayes, the Company's Vice President, Treasurer and interim Chief Financial Officer. Mr. Hayes will receive interim supplemental pay to his existing annual base salary of $260,500 that will result in annual base compensation of $325,000, effective June 23, 2014. In addition, the Committee increased Mr. Hayes' targeted cash bonus from 40% to 60% of supplemented base compensation under the Company's 2014 corporate bonus plan, based on the achievement of Company performance goals.


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