AT Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
retire as Vice Chairman of ATT Inc., effective as of December 31,
2016. In connection with his retirement, Mr. de la Vega and a
subsidiary of ATT Inc. entered in to an agreement on December 15,
2016, to which Mr. de la Vega agreed to not compete with the
company and not solicit the company’s employees, customers, or
vendors for 24 months, and to maintain the confidentiality of the
company’s trade secrets and other confidential information and
to other terms customary for such agreements, and the Human
Resources Committee of the Board of Directors approved the
removal of the automatic proration at retirement for Mr. de la
Vega’s outstanding grants of performance shares and waived the
repayment of relocation benefits by Mr. de la Vega that were paid
in connection with his February 1, 2016, job relocation. Because
his retirement is within one year of his move, the plan requires
the employee to repay the relocation benefits unless waived by
the company (the “Agreement”). The foregoing summary of the
Agreement is qualified in its entirety by reference to the terms
and provisions of the Agreement filed herewith as Exhibit 10.1
and incorporated herein by reference.
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Exhibit No.
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Document
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10.1
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Agreement between Ralph de la Vega and ATT Inc.
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About AT&T INC. (NYSE:AT)
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate. Atlantic Power’s power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,140 megawatts (MW), in which its aggregate ownership interest is approximately 1,500 MW. The Company’s portfolio consists of interests in approximately 20 operational power generation projects across over nine states in the United States and approximately two provinces in Canada. The Company’s power generation projects are primarily located in California, the United States Mid-Atlantic, New York and the provinces of Ontario and British Columbia. AT&T INC. (NYSE:AT) Recent Trading Information
AT&T INC. (NYSE:AT) closed its last trading session down -0.10 at 2.55 with 414,481 shares trading hands.