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The company said its board elected Garrick J. Rochow as an independent director effective November 19, 2024, the same day. It said Rochow was appointed to the Audit Committee and Finance Committee when his board term began.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its board elected Garrick J. Rochow as an independent director effective November 19, 2024, the same day. It said Rochow was appointed to the Audit Committee and Finance Committee when his board term began.

  2. The company said Rochow received a restricted stock award valued at $160,000 on the effective date. It said he will also take part in the standard non-employee director compensation arrangements described in the Schedule 14A proxy statement filed on March 25, 2024.

  3. The company said in its press release that Rochow's election brings the board to ten directors, nine of whom are independent.

  4. The company said Rochow is President, Chief Executive Officer and a Director of CMS Energy Corporation and of its subsidiary Consumers Energy Company, and that he has had a career of more than twenty (20) years at CMS. The company said he holds a bachelor's degree in environmental engineering from Michigan Technological University and a master's degree in business administration from Western Michigan University.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Garrick J. Rochow Elected to Board

The company said its board elected Garrick J. Rochow as an independent director effective November 19, 2024, the same day. It said Rochow was appointed to the Audit Committee and Finance Committee when his board term began.

Source · Based on the filing body and exhibits

Director Compensation: Restricted Stock $160,000

The company said Rochow received a restricted stock award valued at $160,000 on the effective date. It said he will also take part in the standard non-employee director compensation arrangements described in the Schedule 14A proxy statement filed on March 25, 2024.

Source · Based on the filing body and exhibits

Board Composition: Independent Directors After Rochow Election

The company said in its press release that Rochow's election brings the board to ten directors, nine of whom are independent.

Source · Based on the filing body and exhibits

Rochow's Career and Education

The company said Rochow is President, Chief Executive Officer and a Director of CMS Energy Corporation and of its subsidiary Consumers Energy Company, and that he has had a career of more than twenty (20) years at CMS. The company said he holds a bachelor's degree in environmental engineering from Michigan Technological University and a master's degree in business administration from Western Michigan University.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.