UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
| FORM | |||||
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 20, 2023
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Registrant’s telephone number, including area code: (503 ) 464-8000
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 20, 2023 the Board of Directors (the "Board") of Portland General Electric Company (the "Company") elected John O’Leary to serve as a director of the Company, effective January 1, 2024, until the next annual meeting of shareholders. The Board also appointed Mr. O’Leary to serve on the Audit and Risk Committee and the Finance Committee of the Board.
Mr. O’Leary has served with Daimler Truck Holding AG since 2000, and as President and Chief Executive Officer of Daimler Trucks North America LLC since 2021. Mr. O’Leary currently serves on the Boards of Directors at Daimler Trucks North America LLC and Daimler Truck Holding AG.
There are no arrangements or understandings between Mr. O’Leary and any other persons pursuant to which he was selected as a director, and Mr. O’Leary is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K.
Mr. O’Leary will be compensated in accordance with the Company’s standard compensation policies and practices for non-employee directors of the Board, as most recently described in the Company’s proxy statement filed with the Securities and Exchange Commission on March 7, 2023. Such policies and practices are subject to change from time to time.
The Company intends to enter into an indemnification agreement with Mr. O’Leary, consistent with its standard form of agreement filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed December 24, 2009.
SIGNATURE
Pursuant 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 thereunto duly authorized.
| PORTLAND GENERAL ELECTRIC COMPANY | ||||||||||||||
| (Registrant) | ||||||||||||||
| Date: | October 20, 2023 | By: | /s/ Joseph R. Trpik | |||||||||||
| Joseph R. Trpik | ||||||||||||||
| Senior Vice President, Finance and Chief Financial Officer | ||||||||||||||
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