---
schema_version: "secwatch.filing_event.v1"
accession: "0001031296-22-000007"
form_type: "8-K"
ticker: "FE"
cik: "0001031296"
company_name: "FIRSTENERGY CORP"
filed_at: "2022-02-10T23:59:59+00:00"
generated_at: "2026-06-27T09:00:12.142827+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FirstEnergy settles shareholder derivative suits; six directors to exit, receives $180M insurance payment

## Summary
- 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.

## SEC filing metadata
- accession: 0001031296-22-000007
- form_type: 8-K
- ticker: FE
- cik: 0001031296
- company_name: FIRSTENERGY CORP
- filed_at: 2022-02-10T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000007/0001031296-22-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000007/fe-20220209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031296-22-000007
- JSON: https://secwatch.observer/filing/0001031296-22-000007.json
- Plain text: https://secwatch.observer/filing/0001031296-22-000007.txt

## Key facts
- Executive change
  Luis A. Reyes departed as Director at FIRSTENERGY CORP.
  - Action: will not stand for re-election
  - Role: Director
  source text: Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000007/0001031296-22-000007-index.htm
- Executive change
  Julia L. Johnson departed as Director at FIRSTENERGY CORP.
  - Action: will not stand for re-election
  - Role: Director
  source text: Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000007/0001031296-22-000007-index.htm
- Executive change
  Michael J. Anderson departed as Director at FIRSTENERGY CORP.
  - Action: will not stand for re-election
  - Role: Director
  source text: Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000007/0001031296-22-000007-index.htm
- Executive change
  Christopher D. Pappas departed as Director at FIRSTENERGY CORP.
  - Action: will not stand for re-election
  - Role: Director
  source text: Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000007/0001031296-22-000007-index.htm
- Executive change
  Thomas N. Mitchell departed as Director at FIRSTENERGY CORP.
  - Action: will not stand for re-election
  - Role: Director
  source text: Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000007/0001031296-22-000007-index.htm
- Executive change
  Donald T. Misheff departed as Director at FIRSTENERGY CORP.
  - Action: will not stand for re-election
  - Role: Director
  source text: Messrs. Michael J. Anderson, Donald T. Misheff, Thomas N. Mitchell, Christopher D. Pappas and Luis A. Reyes, and Ms. Julia L. Johnson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129622000007/0001031296-22-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.