Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Election of Director
OnJanuary 6, 2023 , the Board of Directors ("Board") ofPPL Corporation ("PPL" or the "Company") electedLinda G. Sullivan a director of the Company, effectiveJanuary 10, 2023 .Ms. Sullivan has served on the board of directors of NorthWestern Corporation d/b/aNorthWestern Energy , a publicly-traded electric and gas utility, since 2017. OnNorthWestern's board,Ms. Sullivan serves as the chair of the audit committee, and as a member of the safety, environmental, technology and operations committee.Ms. Sullivan also serves on the board of directors of AltaGas Ltd., a Canadian publicly-traded utility and midstream energy company, as the chair of its audit committee and a member of its compensation committee. From 2014 to 2019,Ms. Sullivan served as the executive vice president and chief financial officer of American Water Works Company, Inc., a water utility with a market capitalization of more than$20 billion . Prior to American Water,Ms. Sullivan spent 23 years in various capacities atSouthern California Edison Company , its parent, Edison International, and other Edison subsidiaries.Ms. Sullivan is a certified public accountant (inactive) and a certified management accountant and, prior to her time at Edison, served as a senior auditor withArthur Anderson, LLP .
As a non-employee director,Ms. Sullivan will receive the same compensation paid to other non-employee directors of PPL in accordance with the policies and procedures previously approved by theBoard for non-employee directors. There were no arrangements or understandings pursuant to whichMs. Sullivan was elected, nor are there any relationships or related transactions between the Company andMs. Sullivan to be disclosed under applicable rules of theSecurities and Exchange Commission .
Item 7.01 Regulation FD Disclosure
OnJanuary 11, 2023 , the Company issued a press release announcingMs. Sullivan's election. A copy of that press release is furnished as Exhibit 99.1 to this Report. In addition to the announcement ofMs. Sullivan's election, Exhibit 99.1 also provides additional information that will be discussed in greater detail on the Company's previously announced teleconference and webcast regarding capital investment plans, cost saving initiatives and business outlook, to be held at11 a.m. Eastern Time onJanuary 11, 2023 . --------------------------------------------------------------------------------
Item 9.01 Financial Statements and Exhibits
(d) Exhibits 99.1 - January 11, 2023 press release
announcing the election of
as a director ofPPL Corporation and
other information regarding the
Company's previously announced investor
conference call.
104 - Cover Page Interactive Data File (the
Cover Page Interactive Data File is
embedded within the Inline XBRL document). As provided in General Instruction B.2 of Form 8-K, the information contained in Item 7.01 of this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
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