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): September 5, 2006
KEYSPAN CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
New York
(State or Other Jurisdiction of Incorporation)
1-14161 11-3431358
(Commission File Number) (IRS Employer Identification No.)
175 East Old Country Road, Hicksville, New York 11801
One MetroTech Center, Brooklyn, New York 11201
(Address of Principal Executive Offices) (Zip Code)
(516) 755-6650 (Hicksville)
(718) 403-1000 (Brooklyn)
(Registrant's Telephone Number, Including Area Code)
N/A
(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:
[ ] 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 240.13.e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement.
On January 4, 2005, KeySpan Corporation (the "Company") filed an 8-K (the
"January 1, 2005 8-K") disclosing that, effective January 1, 2005, the Company
entered into an employment agreement with Anthony Sartor relating to his
services as Senior Vice President of the Company as well as President of KeySpan
Services, Inc., a wholly-owned, indirect subsidiary of the Company (the
"Employment Agreement"). In addition, the Company disclosed that, effective
January 1, 2005, the Company entered into a supplemental retirement agreement
with Mr. Sartor (the "Supplemental Agreement"). The January 1, 2005 8-K
disclosed among other things the material terms of the Employment Agreement and
the Supplemental Agreement and included both agreements as exhibits 10.1 and
10.2, respectively.
Effective September 5, 2006, the Company has entered into an amendment to the
Employment Agreement with Mr. Sartor (the "Employment Agreement Amendment"). The
Employment Agreement Amendment revises certain terms of the Employment
Agreement, including, but not limited to, extending the term of the Employment
Agreement from April 1, 2008 to April 1, 2009. In addition, the Employment
Agreement Amendment revises certain terms of the Supplemental Agreement.
A copy of the Employment Agreement Amendment is attached hereto as Exhibit 10
and is incorporated herein by reference.
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Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Exhibit Description
- ----------- -------------------
10. Copy of the Amendment to the Employment Agreement dated
January 1, 2005 between KeySpan Corporation and Anthony
Sartor
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SIGNATURES
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.
KEYSPAN CORPORATION
Dated: September 8, 2006 By: /s/John J. Bishar Jr.
---------------------
Name: John J. Bishar Jr.
Title: Executive Vice President,
General Counsel and
Chief Governance Officer
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INDEX TO EXHIBITS
Exhibit No. Exhibit Description
- ----------- -------------------
10. Copy of the Amendment to the Employment Agreement dated
January 1, 2005 between KeySpan Corporation and Anthony
Sartor
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