Form 8-K - Current report

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):

November 8, 2023

____________________

Commission
File Number

Registrant; State of Incorporation;
Address; and Telephone Number

IRS Employer
Identification No.

001-09057

WEC ENERGY GROUP, INC.

39-1391525

(A Wisconsin Corporation)

231 West Michigan Street

P.O. Box 1331

Milwaukee, WI 53201

(414) 221-2345

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 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.01 Par Value

WEC

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. ☐

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

Consistent with previous commitments, Chairman Gale E. Klappa will continue to serve as Executive Chairman of WEC Energy Group, Inc. (the “Company”) until the Company’s annual shareholder meeting in May 2024.

The Company’s Board of Directors (the “Board”) has requested and Mr. Klappa has agreed to continue serving the Company thereafter in the role of Non-Executive Chairman, subject to annual Board nomination and shareholder approval. A copy of this agreement, dated November 8, 2023, is attached as Exhibit 10.1.

Compensation arrangements for Mr. Klappa in his new role will be determined in the normal course.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits


10.1						Letter Agreement between Gale E. Klappa and WEC Energy Group, Inc., dated November 8, 2023.

104						Cover Page Interactive Data File (embedded within the Inline XBRL document).


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.




			WEC ENERGY GROUP, INC.
			(Registrant)

			/s/ William J. Guc
Date: November 9, 2023			William J. Guc – Vice President and Controller

Exhibit 10.1

[WEC ENERGY GROUP LETTERHEAD]

November 8, 2023

Mr. Gale Klappa

833 E. Michigan St.

Suite 1490

Milwaukee, WI 53202

Dear Gale,

As we’ve discussed over the past several months, the board greatly appreciates the exceptional leadership you provide to our company and our industry.

With your current agreement scheduled to conclude in May of next year, the board requests that you continue to serve the company thereafter in the role of non-executive chairman.

The appointment, of course, is subject to annual board nomination and stockholder approval.

Please indicate your willingness to serve in this capacity by signing below.

We look forward to extending our long and productive relationship.

Sincerely,

/s/ Ulice Payne, Jr.

Ulice Payne, Jr.

Chair, WEC Energy Group Compensation Committee

Acknowledged and Accepted:


/s/ Gale E. Klappa						November 8, 2023
Gale E. Klappa						Date

Cover Page	Nov. 08, 2023
Cover [Abstract]
Document Type	8-K
Document Period End Date	Nov. 08, 2023
Entity File Number	001-09057
Entity Registrant Name	WEC ENERGY GROUP, INC.
Entity Tax Identification Number	39-1391525
Entity Incorporation, State or Country Code	WI
Entity Address, Address Line One	231 West Michigan Street
Entity Address, Address Line Two	P.O. Box 1331
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53201
City Area Code	414
Local Phone Number	221-2345
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $.01 Par Value
Trading Symbol	WEC
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0000783325
Amendment Flag	false