SPECTRA ENERGY CORP (NYSE:SE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 19, 2016, Spectra Energy Corp (the “Company”) awarded a $750,000 bonus to Guy G. Buckley, the Company’s Chief Development Officer, to reward his extraordinary efforts in respect of the proposed merger with Enbridge Inc. (“Enbridge”). As previously disclosed, stockholders of the Company overwhelmingly voted in favor of the proposed merger on December 15, 2016.
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About SPECTRA ENERGY CORP (NYSE:SE)
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services. Its Spectra Energy Partners segment provides transmission, storage and gathering of natural gas, as well as the transportation and storage of crude oil through interstate pipeline systems. Its Distribution segment provides distribution services in Canada through its subsidiary, Union Gas Limited. Its Western Canada Transmission & Processing business comprises the British Columbia (BC) Pipeline, BC Field Services, Canadian Midstream and Empress NGL operations, and Maritimes & Northeast Pipeline Limited Partnership. Its Field Services segment consists of approximately 50% investment in DCP Midstream, LLC. SPECTRA ENERGY CORP (NYSE:SE) Recent Trading Information
SPECTRA ENERGY CORP (NYSE:SE) closed its last trading session down -0.13 at 41.54 with 1,325,972 shares trading hands.