0001104659-15-050311.txt : 20150708 0001104659-15-050311.hdr.sgml : 20150708 20150708161807 ACCESSION NUMBER: 0001104659-15-050311 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150707 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150708 DATE AS OF CHANGE: 20150708 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLOUD PEAK ENERGY INC. CENTRAL INDEX KEY: 0001441849 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221] IRS NUMBER: 263088162 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34547 FILM NUMBER: 15979302 BUSINESS ADDRESS: STREET 1: 505 SOUTH GILLETTE AVE. CITY: GILLETTE STATE: WY ZIP: 82716 BUSINESS PHONE: 307-687-6000 MAIL ADDRESS: STREET 1: 505 SOUTH GILLETTE AVE. CITY: GILLETTE STATE: WY ZIP: 82716 8-K 1 a15-14767_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 7, 2015

 

Cloud Peak Energy Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-34547

 

26-3088162

(State or other Jurisdiction of
Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

505 S. Gillette Ave., Gillette, Wyoming

 

82716

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (307) 687-6000

 

Not Applicable

(Former name or former address if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.02                   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

Appointment of Robert Skaggs as New Independent Director

 

On July 8, 2015, Cloud Peak Energy announced by press release that, effective July 7, 2015, Mr. Robert Skaggs has been elected to the Board.  Mr. Skaggs has been appointed as a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee.  Mr. Skaggs has been elected to Class II and will stand for re-election at Cloud Peak Energy’s 2017 annual stockholders meeting.

 

Mr. Skaggs is chairman of the board and chief executive officer of Columbia Pipeline Group, Inc. (“CPG”).  CPG companies own and operate more than 15,000 miles of strategically located natural gas pipelines, integrated with one of the largest underground storage systems in North America.  Prior to CPG’s separation from NiSource Inc. in July 2015, Mr. Skaggs served as chief executive officer of NiSource since 2005 and president since 2004. NiSource Inc. is a Fortune 500 energy holding company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution.  NiSource relies on balanced fuel sources for its generation, including coal.

 

Prior to October 2004, Mr. Skaggs was executive vice president, Regulated Revenue, for NiSource, responsible for developing regulatory strategies and leading external relations across all of the corporation’s energy distribution markets as well as its extensive interstate pipeline system. He also led regulated commercial activities, including large customer and marketer relations and energy supply services, as well as federal governmental relations.

 

Mr. Skaggs joined the law department of Columbia Gas Transmission in 1981 and served in various management positions until he became president of Columbia Gas of Ohio and Columbia Gas of Kentucky in 1996. Effective with the November 2000 merger of NiSource and Columbia Energy Group, he added the responsibilities of president of Bay State Gas and Northern Utilities. In December 2001, his role was further expanded to include the duties of president and CEO of the Columbia companies in Pennsylvania, Virginia and Maryland. He was promoted to executive vice president, Regulated Revenue, for NiSource in October 2003.

 

Mr. Skaggs earned a bachelor’s degree in economics from Davidson College, a law degree from West Virginia University and a master’s degree in business administration from Tulane University.

 

Mr. Skaggs will receive the following compensation for his services on the Board and the Committees referenced above, as provided by Cloud Peak Energy’s current compensation program for its independent directors:

 

Element

 

Description

 

Amount

Annual Cash Fee for Board Service

 

Payable to the non-employee directors of the Board

 

$75,000

 

 

 

 

 

Annual Cash Fee for Committee Members

 

Audit Committee Member

 

$9,000

 

 

Compensation Committee Member

 

$9,000

 

 

Nominating and Corporate Governance Committee Member

 

$9,000

 

 

 

 

 

Grant of Restricted Stock Units

 

Shares of common stock are deliverable in the event of the director’s separation from service from the company due to the director’s death, disability, non-reelection to the Board, resignation from the Board with the prior consent of the Governance Committee or for any other reason, other than for cause.

 

Units valued at
$65,000 (initial grant)

 

 

 

 

 

 

 

 

 

Units valued at
$44,100 (pro rata
2015 annual grant)

 

Item 7.01                   Regulation FD Disclosure

 

A copy of the press release announcing the appointment of Mr. Robert Skaggs as a new Cloud Peak Energy Director, as described under Item 5.02, is furnished herewith as Exhibit 99.1 and is incorporated in this Item 7.01 by reference.

 

Item 9.01                   Financial Statements and Exhibits

 

(d) Exhibits. The following exhibit is being furnished herewith.

 

99.1                        Furnished press release announcing the appointment of Mr. Robert Skaggs as a new Cloud Peak Energy Director

 

2



 

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 hereunto duly authorized.

 

 

 

CLOUD PEAK ENERGY INC.

 

 

 

Date: July 8, 2015

By:

/s/ Bryan J. Pechersky

 

Name:

Bryan J. Pechersky

 

Title:

Executive Vice President, General Counsel and Corporate Secretary

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Furnished press release announcing the appointment of Mr. Robert Skaggs as a new Cloud Peak Energy Director

 

4


EX-99.1 2 a15-14767_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

July 8, 2015

 

Contact:

Cloud Peak Energy Inc.

Karla Kimrey

Vice President, Investor Relations

(720) 566-2932

 

CLOUD PEAK ENERGY INC. ANNOUNCES NEW
INDEPENDENT DIRECTOR ROBERT SKAGGS

 

Gillette, Wyo, July 8, 2015 — Cloud Peak Energy Inc. (NYSE:CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (“PRB”) coal company, today announced that, effective July 7, 2015, Robert Skaggs has been elected to the Cloud Peak Energy Board of Directors and will also serve as a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board.

 

Skaggs is chairman of the board and chief executive officer of Columbia Pipeline Group, Inc. (“CPG”).  CPG companies own and operate more than 15,000 miles of strategically located natural gas pipelines, integrated with one of the largest underground storage systems in North America.  Prior to CPG’s separation from NiSource Inc. in July 2015, Skaggs served as chief executive officer of NiSource since 2005 and president since 2004. NiSource Inc. is a Fortune 500 energy holding company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution.  NiSource relies on balanced fuel sources for its generation, including coal.

 

Prior to October 2004, Skaggs was executive vice president, Regulated Revenue, for NiSource, responsible for developing regulatory strategies and leading external relations across all of the corporation’s energy distribution markets as well as its extensive interstate pipeline system.  He also led regulated commercial activities, including large customer and marketer relations and energy supply services, as well as federal governmental relations.

 

Skaggs joined the law department of Columbia Gas Transmission in 1981 and served in various management positions until he became president of Columbia Gas of Ohio and Columbia Gas of Kentucky in 1996.  Effective with the November 2000 merger of NiSource and Columbia Energy Group, he added the responsibilities of president of Bay State Gas and Northern Utilities.  In December 2001, his role was further expanded to include the duties of president and CEO of the Columbia companies in Pennsylvania, Virginia, and Maryland.  He was promoted to executive vice president, Regulated Revenue, for NiSource in October 2003.

 

Skaggs earned a bachelor’s degree in economics from Davidson College, a law degree from West Virginia University, and a master’s degree in business administration from Tulane University.

 

Keith Bailey, Chairman of the Board of Cloud Peak Energy, said, “We are excited to have Bob join our Board.  Bob has a strong background in the natural gas and electric generation industries, including coal-fired generation, and brings additional executive leadership experience to the Board.  We look forward to his valuable insights and contributions to our company.”

 

About Cloud Peak Energy®

 

Cloud Peak Energy Inc. (NYSE:CLD) is headquartered in Wyoming and is one of the largest U.S. coal producers and the only pure-play Powder River Basin coal company.  As one of the safest coal producers in the nation, Cloud Peak Energy mines low sulfur, subbituminous coal and provides logistics supply services.  The Company owns and

 



 

operates three surface coal mines in the PRB, the lowest cost major coal producing region in the nation.  The Antelope and Cordero Rojo mines are located in Wyoming and the Spring Creek Mine is located in Montana.  In 2014, Cloud Peak Energy shipped approximately 86 million tons from its three mines to customers located throughout the U.S. and around the world.  Cloud Peak Energy also owns rights to substantial undeveloped coal and complimentary surface assets in the Northern PRB, further building the Company’s long-term position to serve Asian export and domestic customers.  With approximately 1,600 total employees, the Company is widely recognized for its exemplary performance in its safety and environmental programs. Cloud Peak Energy is a sustainable fuel supplier for approximately four percent of the nation’s electricity.

 

SOURCE: Cloud Peak Energy Inc.

 

Cloud Peak Energy Inc.
Karla Kimrey, (720) 566-2932
Vice President, Investor Relations

 

###

 


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