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registered pursuant to Section 12(b) of the Act:
Title of Each Class
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iCommon Stock, par value $0.01 per share
York Stock Exchange
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Emerging growth company
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Election of Directors
On January 13, 2021, the Board of Directors (the “Board”) of The AES Corporation (the “Company”) elected Teresa M. Sebastian to the Board, effective immediately, and appointed her to the Compensation Committee, Financial Audit Committee and Innovation and Technology Committee of the Board.
Ms. Sebastian is President and Chief Executive Officer of The Dominion Asset Group, an angel investment and venture capital firm. Previously, Ms. Sebastian was the Senior Vice
President, General Counsel and Corporate Secretary and led the Internal Audit function, of Darden Restaurants, Inc., from October 2010 to March 2015. Before her time at Darden Restaurants, Ms. Sebastian served as Vice President at Veyance Technologies, Inc., a manufacturer and marketer of engineered rubber products, Senior Vice President at Information Resources, Inc., a provider of information, analytics and insights, and held leadership roles in senior management at DTE Energy Company and CMS Energy Corporation. Ms. Sebastian also held positions in financial analysis at Michigan Consolidated Gas Co., Morgan Stanley, and Bank of America. Ms. Sebastian is a Director of Kaiser Aluminum Corporation (Nasdaq: KALU), Juul Labs, Inc., Edward Jones Bank, the United Negro College Fund and the Nashville Symphony Orchestra. She is currently involved in academia as an adjunct professor for accounting and enterprise risk management
at Vanderbilt Law School, and an adjunct professor for governance and compliance at the University of Michigan Law School. Ms. Sebastian graduated with a B.G.S. in Sociology from the University of Michigan, an M.B.A. from the University of North Florida, a J.D. from Michigan State University College of Law and a L.L.M from Wayne State University.
Ms. Sebastian will participate in the non-employee director compensation arrangements described in the Company’s 2020 proxy statement filed with the Securities and Exchange Commission on March 6, 2020. Also, consistent with initial grants previously offered to non-employee directors of the Company, Ms. Sebastian will receive an initial equity grant
consisting of deferred stock units valued at $40,000.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned hereunto duly authorized.