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): October 1, 2020
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Commission File Number | Registrant; State of Incorporation; Address and Telephone Number | | | | IRS Employer Identification No. |
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| 1-11459 | PPL Corporation | | | | 23-2758192 |
| (Exact name of Registrant as specified in its charter) | | | | |
| Pennsylvania | | | | |
| Two North Ninth Street | | | | |
| Allentown, | | PA | 18101-1179 | |
| (610) | 774-5151 | | | |
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:
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | Trading Symbol: | Name of each exchange on which registered |
| Common Stock of PPL Corporation | PPL | New York Stock Exchange |
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| Junior Subordinated Notes of PPL Capital Funding, Inc. | | |
| 2007 Series A due 2067 | PPL/67 | New York Stock Exchange |
| 2013 Series B due 2073 | PPX | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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. ☐
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Election of Director
On October 1, 2020, the Board of Directors ("Board") of PPL Corporation ("PPL" or the "Company") elected Arthur “Art” P. Beattie a director of the Company.
Mr. Beattie retired from The Southern Company, having served as Executive Vice President, Chief Financial Officer and Chief Risk Officer from 2010 to 2018. The Southern Company is an American gas and electric utility holding company based in the southern United States. Prior to this role at Southern, Mr. Beattie served as Executive Vice President and Chief Financial Officer of Alabama Power Company, a utility subsidiary of Southern, from 2005 to 2010. Prior to 2005, he served in various executive, officer and management positions for nearly three decades at Alabama Power Company, including as a Vice President, Comptroller and Treasurer. Mr. Beattie will serve on the Audit Committee of the Board. The Board has determined that Mr. Beattie satisfies the requirements for "independence" as set forth in the Company's Independence Guidelines and the applicable rules of the New York Stock Exchange.
As a non-employee director, Mr. Beattie will receive the same compensation paid to other non-employee directors of PPL in accordance with the policies and procedures previously approved by the Board for non-employee directors. There were no arrangements or understandings pursuant to which Mr. Beattie was elected, nor are there any relationships or related transactions between the Company and Mr. Beattie to be disclosed under applicable rules of the Securities and Exchange Commission.
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure
On October 1, 2020, the Company issued a press release announcing Mr. Beattie’s election. A copy of that press release is furnished as Exhibit 99.1 to this Report.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
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| (d) | | Exhibits | | |
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| | | | October 1, 2020 press release announcing the election of Arthur P. Beattie as a director of PPL Corporation. | |
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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.
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| PPL CORPORATION | | |
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| By: | /s/ Marlene C. Beers | |
| | Marlene C. Beers
Vice President and Controller | |
Dated: October 1, 2020
