UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): December 9, 2009
DPL Inc.
(Exact Name of Registrant as Specified in Its Charter)
Ohio | | 1-9052 | | 31-1163136 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
1065 Woodman Drive, Dayton, Ohio | | 45432 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (937) 224-6000
(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 (see General Instruction A.2. below):
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 8.01 Other Events.
On December 9, 2009, DPL Inc. (“DPL”) issued a press release announcing that its Board of Directors increased the quarterly dividend for its common stock from $0.285 to $0.3025 per common share, effective with the next dividend declaration date. This action increases the annualized dividend from $1.14 to $1.21 per common share. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Also, in connection with a review of DPL’s executive compensation practices, the Board of Directors has determined that (i) DPL will no longer enter into new or materially amended agreements with its executive officers that include any excise tax gross-up provisions with respect to payments contingent upon a change of control and (ii) any new participant in DPL’s Severance Pay and Change of Control Plan (the “Plan”) on or after January 1, 2010 will not be entitled to the excise tax gross-up provided under the Plan. An executive officer who was entitled to receive the excise tax gross-up prior to January 1, 2010 will continue to be entitled to the excise tax gross-up pursuant to the provisions of the Plan in the context of a change of control and subsequent termination of the officer.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 | | Press Release of DPL Inc., dated December 9, 2009. |
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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.
| DPL Inc. |
| |
Date: December 10, 2009 | |
| /s/ Douglas C. Taylor |
| Name: | Douglas C. Taylor |
| Title: | Senior Vice President, General |
| | Counsel and Corporate Development |
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EXHIBIT INDEX
Exhibit No. | | Description | | Paper (P) or
Electronic (E) |
99.1 | | Press Release of DPL Inc., dated December 9, 2009. | | E |
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