Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
i☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on Which Registered
iCommon Stock, par value $0.01 per share
iAES
iNew
York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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If
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.
SIGNATURES
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.
