AI English summary of an SEC filing — figures as filed
WEC Energy Group WECThe company said its board on May 8, 2025 appointed Michael Hooper as Executive Vice President and Chief Operating Officer, effective May 11, 2025.
Key points
AI summaryThe company said its board on May 8, 2025 appointed Michael Hooper as Executive Vice President and Chief Operating Officer, effective May 11, 2025.
The company said Hooper will continue as President of the Wisconsin Utilities and will also take on the President roles of Michigan Gas Utilities Corporation and Minnesota Energy Resources Corporation.
WEC Energy said the Compensation Committee approved a $24,000 annual increase in Hooper's base salary, bringing it to $713,000 a year, and that his annual short-term incentive award will now be based on WEC Energy-wide performance measures. Hooper's 2025 STPP and long-term incentive targets are 85% and 190% of base salary, respectively.
The company said Curt Culver completed his service as a director on May 8, 2025 after reaching the retirement age under its Corporate Governance Guidelines. The Compensation Committee approved accelerating the vesting of about 1,707 unvested restricted shares held by Culver, effective the same day.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Michael Hooper Appointed Executive Vice President and Chief Operating Officer
The company said its board on May 8, 2025 appointed Michael Hooper as Executive Vice President and Chief Operating Officer, effective May 11, 2025.
Source · Based on the filing body and exhibits
Hooper Adds President Roles at Subsidiaries
The company said Hooper will continue as President of the Wisconsin Utilities and will also take on the President roles of Michigan Gas Utilities Corporation and Minnesota Energy Resources Corporation.
Source · Based on the filing body and exhibits
Hooper Base Salary Increased and STPP Measures Changed
WEC Energy said the Compensation Committee approved a $24,000 annual increase in Hooper's base salary, bringing it to $713,000 a year, and that his annual short-term incentive award will now be based on WEC Energy-wide performance measures. Hooper's 2025 STPP and long-term incentive targets are 85% and 190% of base salary, respectively.
Source · Based on the filing body and exhibits
Curt Culver Leaves Board and Restricted Stock Vesting Accelerated
The company said Curt Culver completed his service as a director on May 8, 2025 after reaching the retirement age under its Corporate Governance Guidelines. The Compensation Committee approved accelerating the vesting of about 1,707 unvested restricted shares held by Culver, effective the same day.
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.
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