8-K
filed February 10, 2022, 6:59 PM ET
ticker FE
CIK 0001031296
litigation
confidence high
sentiment positive
materiality 0.80
FirstEnergy settles shareholder derivative suits; six directors to exit, receives $180M insurance payment
FIRSTENERGY CORP
- Six board members (Anderson, Misheff, Mitchell, Pappas, Reyes, Johnson) will not stand for re-election at 2022 annual meeting.
- Settlement includes $180M insurance payment to FirstEnergy, subject to court approval.
- Governance enhancements: special committee to review executive team, board oversight of lobbying, enhanced political disclosure.
- Derivative lawsuits in SD Ohio, ND Ohio, and Ohio Court of Common Pleas fully resolved upon court approval.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Luis A. Reyes departed as Director at FIRSTENERGY CORP.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julia L. Johnson departed as Director at FIRSTENERGY CORP.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael J. Anderson departed as Director at FIRSTENERGY CORP.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher D. Pappas departed as Director at FIRSTENERGY CORP.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas N. Mitchell departed as Director at FIRSTENERGY CORP.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Donald T. Misheff departed as Director at FIRSTENERGY CORP.
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.