Item 2.02. Results of Operations and Financial Conditions.
OnNovember 1, 2022 ,CenterPoint Energy, Inc. ("CenterPoint Energy") reported third quarter 2022 earnings. For additional information regardingCenterPoint Energy's third quarter 2022 earnings, please refer toCenterPoint Energy's press release attached to this report as Exhibit 99.1 (the "Press Release"), which Press Release is incorporated by reference herein.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Based upon ongoing extensive succession planning discussions by the Board of Directors (the "Board of Directors") ofCenterPoint Energy , along with the utilization of third party advisors and in conjunction with the Board of Directors' continued focus on a succession planning strategy to supportCenterPoint Energy's long-term growth, onOctober 31, 2022 , the Board of Directors approved the appointment of Mr.Jason P. Wells as President and Chief Operating Officer ofCenterPoint Energy , effectiveJanuary 1, 2023 .Mr. Wells will continue to serve as Chief Financial Officer ofCenterPoint Energy until his successor has been appointed.CenterPoint Energy has initiated an executive search for a Chief Financial Officer. As a result ofMr. Wells' appointment, the Board also approved a title change for Mr.David J. Lesar from President and Chief Executive Officer to Chief Executive Officer, effectiveJanuary 1, 2023 . At this time, all other named executive officers ofCenterPoint Energy will continue in their current roles.Mr. Wells , age 44, has served as Executive Vice President and Chief Financial Officer ofCenterPoint Energy sinceSeptember 2020 . Prior to joiningCenterPoint Energy ,Mr. Wells served as Executive Vice President and Chief Financial Officer of PG&E Corporation, a publicly traded electric utility holding company serving approximately 16 million customers through its subsidiary Pacific Gas and Electric Company, fromJune 2019 toSeptember 2020 . He previously served as Senior Vice President and Chief Financial Officer of PG&E Corporation fromJanuary 2016 toJune 2019 and as Vice President, Business Finance of Pacific Gas and Electric Company fromAugust 2013 toJanuary 2016 . PG&E Corporation filed Chapter 11 bankruptcy onJanuary 29, 2019 and successfully emerged from bankruptcy onJuly 1, 2020 . He also served in various finance and accounting roles of increasing responsibility at Pacific Gas and Electric Company.Mr. Wells earned his bachelor's degree and master's degree in accounting, both from theUniversity of Florida . He is a certified public accountant.Mr. Wells serves on the Bauer College Board of theC.T. Bauer College of Business at theUniversity of Houston , theAdvisory Board of the Kinder Institute for Urban Research atRice University , and the Boards ofCentral Houston, Inc. andM.D. Anderson Cancer Center . The appointment ofMr. Wells was not pursuant to any agreement between him and any other person. There is no family relationship betweenMr. Wells and any director or executive officer ofCenterPoint Energy , and there are no transactions betweenMr. Wells andCenterPoint Energy that are required to be reported under Item 404(a) of Regulation S-K. At this time, there are no changes toMr. Wells' compensation arrangements withCenterPoint Energy in connection with his appointment to the position of President and Chief Operating Officer. If changes to his compensation arrangements are going to be made in connection with his appointment,CenterPoint Energy will file an amendment to this Current Report on Form 8-K and describe such changes.
Item 7.01. Regulation FD Disclosure.
CenterPoint Energy is holding a conference call to discuss its third quarter 2022 earnings onNovember 1, 2022 . Information about the call can be found in the Press Release furnished herewith as Exhibit 99.1. For additional information regardingCenterPoint Energy's third quarter 2022 earnings, please refer to the supplemental materials which are being posted onCenterPoint Energy's website and are attached to this report as Exhibit 99.2 (the "Supplemental Materials"), which Supplemental Materials are incorporated by reference herein. Also, onNovember 1, 2022 ,CenterPoint Energy issued a press release announcing the appointment of Mr.Jason P. Wells as President and Chief Operating Officer. A copy of the press release is furnished as Exhibit 99.3 hereto and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
The information in the Press Releases and the Supplemental Materials is being furnished, not filed, pursuant to Items 2.02 and 7.01, respectively. Accordingly, the information in the Press Releases and the Supplemental Materials will
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not be incorporated by reference into any registration statement filed by
(d) Exhibits. EXHIBIT NUMBER EXHIBIT DESCRIPTION 99.1 Press Release issuedNovember 1, 2022
regarding
quarter 2022 earnings 99.2 Supplemental Materials regarding CenterPoint
Energy's third quarter 2022
earnings 99.3 Press Release issuedNovember 1, 2022
regarding the announcement of President
and Chief Operating Officer 104 Cover Page Interactive Data File - the cover
page XBRL tags are embedded within
the Inline XBRL document
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