NiSource Inc. (NYSE:NI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

NiSource Inc. (NYSE:NI) 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.

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On July 10, 2017, the Board of Directors of NiSource Inc. (“NiSource”) appointed Eric L. Butler as a director of NiSource for a term continuing until the 2018 annual meeting of the stockholders and until his successor has been duly elected or appointed and qualified. There is no arrangement or understanding between Mr.Butler and any other person to which he was selected as a director of NiSource. Mr.Butler does not have any direct or indirect material interest in any transaction or proposed transaction involving NiSource required to be reported under Item404(a) of Regulation S-K. As of the date hereof, the Board of Directors has not determined any committee appointments for Mr. Butler.

Consistent with NiSource’s compensation practices for non-employee directors, Mr.Butler will receive an annualized retainer of $220,000, consisting of $90,000 in cash and an award of restricted stock units valued at $130,000 at the time of the award.

On July 14, 2017, NiSource issued a press release announcing the appointment of Mr.Butler as a director of the company. A copy of that press release is filed as an exhibit to this report and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

Exhibit

No.

Description

99.1

Press Release issued on July 14, 2017 by NiSource Inc.


NISOURCE INC/DE Exhibit
EX-99.1 2 ex_991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1July 14,…
To view the full exhibit click here

About NiSource Inc. (NYSE:NI)

NiSource Inc. is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts. Its natural gas distribution operations operate approximately 59,000 miles of pipeline. The Electric Operations segment provides electric service in approximately 20 counties in the northern part of Indiana. The Company’s principal subsidiaries include NiSource Gas Distribution Group, Inc., a natural gas distribution holding company, and NIPSCO, a gas and electric company. NIPSCO owns and operates approximately three coal-fired electric generating stations. NiSource Finance Corporation (NiSource Finance) is a consolidated finance subsidiary of the Company.

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