UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 29, 2010
NRG Energy, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
|
|
|
001-15891
|
|
41-1724239 |
|
(Commission File Number)
|
|
(IRS Employer Identification No.) |
|
|
|
211 Carnegie Center
|
|
Princeton, NJ 08540 |
|
(Address of Principal Executive Offices)
|
|
(Zip Code) |
609-524-4500
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain Officers
On March 29, 2010, NRG Energy, Inc. (the Company) announced the appointment of Christian
Schade as Executive Vice President and Chief Financial Officer of the Company, effective following
the filing of the Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.
Gerald Luterman, a member of the Companys Board of Directors and the interim Chief Financial
Officer, will continue to serve as the Chief Financial Officer until that time.
Mr. Schade, 49, was Senior Vice President Administration and Chief Financial Officer at
Medarex, a Princeton-based biopharmaceutical company acquired by Bristol-Myers Squibb Co. for $2.4
billion in September 2009. During his tenure, which began in October 2000, Mr. Schade helped
Medarex grow to become a leading biopharmaceutical development company raising capital through a
series of public capital market and asset monetization transactions. Mr. Schade played a lead role
in negotiations for the sale of Medarex to Bristol-Myers Squibb and, until recently, helped lead
the merger-integration process of the research, development and administrative functions. Mr.
Schade also serves on the Board of Directors of Integra LifeSciences Holdings Corporation.
Prior to Medarex, Mr. Schade was a Managing Director in the Debt Capital Markets Group at
Merrill Lynch & Co., where, in London, he oversaw public and private capital-markets transactions
for corporate clients throughout Europe, Africa and the Middle East. Previously he served in
various corporate finance and capital market positions in New York and London for both Merrill
Lynch and JP Morgan.
Mr. Schades 2010 compensation arrangement is set forth in Exhibit 10.1 of this Form 8-K and
incorporated herein by reference. In addition, Mr. Schade will be a participant in the Companys
2009 Executive Change in Control and General Severance Plan (the 2009 CIC Plan) attached as
Exhibit 10.2 of this Form 8-K and incorporated herein by reference. The 2009 CIC Plan does not
provide for gross-up payments in the event that payments under the 2009 CIC Plan subject Mr. Schade
to an excise tax under Section 4999 of the Internal Revenue Code.
Item 9.01 Financial Statements and Exhibits
|
|
|
Exhibit No. |
|
Document |
10.1
|
|
CFO Compensation Table for 2010 |
10.2
|
|
2009 Executive Change in Control and General Severance Plan |
2