Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 8, 2020, the Board of Directors (the "Board") of American Electric
Power Company, Inc. (the "Company") elected Daryl Roberts to serve as a director
of the Company effective December 9, 2020. Mr. Roberts' initial term as a
director will continue until the 2021 annual meeting of shareholders.
Mr. Roberts has served as Senior Vice President, Chief Operations and
Engineering Officer of DuPont de Nemours, Inc. since 2018. Prior to that he
served as an officer of Arkema S.A.
The Board has determined that Mr. Roberts is an "independent" director under the
Company's Principles of Corporate Governance and the independence requirements
of The NASDAQ Stock Market LLC, as well as the applicable rules promulgated by
the Securities and Exchange Commission.
As a non-employee director, Mr. Roberts will receive the same compensation paid
to other non-employee directors of the Company in accordance with the policies
and procedures previously approved by the Board for non-employee directors.
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