CLECO CORPORATE HOLDINGS LLC (NYSE:CNL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 15, 2019, the Board of Managers of Cleco Corporate Holdings LLC (“Cleco”) and Cleco Power LLC (“Cleco Power” and, together with Cleco, the “Company”) approved a $345,000 cash bonus for William G. Fontenot, President and Chief Executive Officer of the Company, for his contributions associated with the previously disclosed acquisition of all of the membership interests of NRG South Central Generating LLC, a subsidiary of NRG Energy, Inc (the “Acquisition”). As previously reported by the Company in its Current Report on Form 8-K filed with the Securities and Exchange Commission on February 8, 2019, the Company closed the Acquisition on February 4, 2019. Additionally, on February 21, 2019, the Company approved cash bonuses for Julia E. Callis, Chief Compliance Officer and General Counsel of the Company, Anthony L. Bunting, Chief Transformation Officer of the Company, Robert R. Laborde, Jr., Chief Operations Officer of Cleco, and Terry L. Taylor, former Chief Financial Officer of the Company, in the amount of $67,500, $61,500, $60,000, and $64,375, respectively, for their contributions associated with the Acquisition.
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: February 22, 2019 |
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CLECO CORPORATE HOLDINGS LLC |
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By: |
/s/ Tonita Laprarie |
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Tonita Laprarie |
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Controller and Chief Accounting Officer |
About CLECO CORPORATE HOLDINGS LLC (NYSE:CNL)
Cleco Corporate Holdings LLC, formerly Cleco Corporation, is a public utility holding company. The Company’s segments include Cleco Power and Other. Cleco Power is a regulated electric utility company that owns over 10 generating units with a total nameplate capacity of approximately 3,330 megawatts (MW) and serves approximately 287,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi. The Company, through its subsidiaries, owns one transmission substation in Louisiana and one transmission substation in Mississippi. Cleco Power is engaged in the generation, transmission, distribution and sale of electricity within Louisiana. It owns natural gas pipelines and interconnections at all of its generating facilities, which allow it to access various natural gas supply markets and maintain an economical fuel supply for its customers. The Company holds investments in its subsidiary, Cleco Power LLC (Cleco Power).