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): February 4, 2016
CONSOL Energy Inc.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-14901 |
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51-0337383 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
CNX Center
1000 CONSOL Energy Drive
Canonsburg, Pennsylvania 15317
(Address of principal executive offices)
(Zip code)
Registrants telephone number, including area code:
(724) 485-4000
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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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.
On February 4, 2016, J. Brett Harvey, Philip W. Baxter and David C.
Hardesty, Jr. notified CONSOL Energy Inc. (the Company) of their election (i) to retire from the Companys Board of Directors (the Board) upon the conclusion of the Companys Annual Meeting of Shareholders to
be held on May 11, 2016 (the 2016 Annual Meeting) and (ii) not to stand for re-election to the Board at the 2016 Annual Meeting. Their decision was not the result of any disagreement with the Company or its management. Further,
effective upon the conclusion of the Annual Meeting and his election to the Board, William N. Thorndike, Jr. will serve as the Chairman of the Board, and Mr. Harvey, in recognition of his many years of service to the Company, as both Chairman
and Chief Executive Officer, will serve as Chairman Emeritus.
Item 8.01. Other Events.
On February 8, 2016, the Company issued a press release announcing the slate of directors to be nominated by the Board for election to the
Board at the 2016 Annual Meeting.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Exhibits.
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Exhibit 99.1 |
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Press release of CONSOL Energy Inc., dated February 8, 2016 |
Additional Information and Where to Find It
The foregoing press release is not a proxy statement or a solicitation of proxies from the holders of common stock of CONSOL Energy. A
solicitation of proxies in connection with the 2016 Annual Meeting will be made only by the Companys definitive proxy statement that will be mailed to all shareholders of record on the record date of March 14, 2016. The Company will
be filing a definitive proxy statement for the annual meeting with the Securities and Exchange Commission (the SEC). Shareholders are urged to read the proxy statement and any other relevant documents filed or that will be filed
with the SEC when they become available because they will contain important information. Shareholders will be able to receive the proxy statement and other relevant documents free of charge at the SECs website at http://www.sec.gov
or from CONSOL Energy Investor Relations at 1000 CONSOL Energy Drive, Canonsburg, PA 15317. This Form 8-K is being filed as soliciting material pursuant to Rule 14a-12 under the Exchange Act solely as a precautionary matter, notwithstanding the fact
that the issuer does not believe it constitutes solicitation material.
Participants in the Solicitation
The directors, nominees for election as director, executive officers and certain other members of management and employees of the Company may
be deemed participants in the solicitation of proxies from shareholders of the Company in connection with the matters to be considered at the 2016 Annual Meeting. Information regarding the persons who may, under the rules of the SEC, be
considered participants in the solicitation of the shareholders of the Company in connection with such matters will be set forth in the Proxy Statement to be filed with the SEC. In addition, information about the Companys executive officers
and directors may be found in the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and in its definitive proxy statement filed with the SEC on March 25, 2015.
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.
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CONSOL ENERGY INC. |
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By: |
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/s/ Stephen W. Johnson |
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Stephen W. Johnson |
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Executive Vice President and |
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Chief Administrative Officer |
Dated: February 8, 2016
Exhibit Index
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Exhibit Number |
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Description of Exhibit |
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Exhibit 99.1 |
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Press release of CONSOL Energy Inc., dated February 8, 2016 |
Exhibit 99.1
CONSOL Energy Announces the Nomination of Bernard Lanigan, Jr., Joseph P. Platt
and Edwin S. Roberson for Election to its Board of Directors
at its 2016 Annual Shareholders Meeting
PITTSBURGH (February 8)CONSOL Energy Inc. (NYSE: CNX) announced today the nomination of Bernard Lanigan, Jr., Joseph P. Platt and Edwin S. Roberson to
its Board of Directors for election at its annual meeting of shareholders scheduled for May 11, 2016. The other nominees include eight current members of the Board.
The company also announced today the election of William N. Thorndike, Jr. as Chairman of the Board effective immediately upon the conclusion of the annual
meeting. J. Brett Harvey, current Chairman of the Board, has elected to retire and not stand for re-election at the annual meeting. The Board has appointed Mr. Harvey as Chairman Emeritus, in recognition of his many years of service to the
company, as both Chairman and Chief Executive Officer. Philip W. Baxter and David C. Hardesty, Jr. have also elected to retire and not stand for re-election at the annual meeting.
We are excited to announce the nomination of Bernie Lanigan, Joe Platt and Ed Roberson to our Board, said Nicholas J. DeIuliis, Chief Executive
Officer. We reached out to our largest shareholders and asked them for names of qualified candidates for director and these gentlemen rose to the top of the list. We want to thank Brett, Phil and David for their many contributions to the
company over the years, but with their retirements, we think we have found three candidates who will prove to be worthy successors. Bernie, Joe and Ed will bring considerable financial, strategic and public company board experience to join an
already highly accomplished and experienced board.
Bernard Lanigan, Jr.
Mr. Lanigan founded and has served as Chairman and Chief Executive Officer of Southeast Asset Advisors, Inc., a registered investment advisor and wealth
management company, since 1991. He also founded and has served as Chairman of Lanigan & Associates, P.C., a certified public accounting and consulting firm, since 1974. Mr. Lanigan currently serves on the boards of directors of Ruby
Tuesday, Inc. and Rayonier Inc., as well as various private companies and foundations. Mr. Lanigan previously served on the board of directors of Texas Industries, Inc. Mr. Lanigan is a graduate of Furman University and is a certified
public accountant.
Mr. Lanigan has leadership experience with large, complex and diverse organizations, a strong background in financial, valuation,
accounting and tax matters, as well as significant experience in strategic planning and risk assessment.
Joseph P. Platt
Mr. Platt is the general partner at Thorn Partners, LP, a family limited partnership, since 1997. Mr. Platts career at Johnson and Higgins, or
J&H, a global insurance broker and employee benefits consultant, spanned 27 years, until 1997, when J&H was sold to Marsh & McLennan Companies.
At the time of the sale of J&H, Mr. Platt was an owner, director and executive vice president.
Mr. Platt is on the board of directors of Greenlight Capital Re, Ltd., which provides a variety of custom tailored reinsurance solutions to the insurance, risk retention group, captive and financial marketplaces. He also serves as an
independent director of BlackRocks Open End & Liquidity Funds. Mr. Platt is active in the community, serving on the boards of a number of nonprofit organizations. He received his Bachelor of Arts degree from Manhattan College in
1968 and his Juris Doctor degree from Fordham University Law School in 1971. He also attended Harvard Business Schools Advanced Management Program in 1983. Mr. Platt is a member of the New York State Bar Association.
Mr. Platt brings to the Board significant financial, compensation and risk management expertise.
Edwin S. Roberson
Mr. Roberson currently
serves as Chief Executive Officer of Christ Community Health Services, a health system providing high quality healthcare to the underserved in the Memphis community. Prior to that, Mr. Roberson served for several years as Chief Executive
Officer of Novostem Therapeutics, Inc., a cancer research biotech firm, and Beacon Consulting LLC, a business consulting firm. From 1991 to 2006, he worked at Conwood LLC, the nations second-largest manufacturer of smokeless tobacco products
and a major seller and distributor of tobacco products manufactured by third parties. There, he served in several roles, including Chief Financial Officer and, ultimately, President. After serving in the Army from 1969 to 1971, where he was awarded
two Bronze Stars in Vietnam, Mr. Roberson began his professional career at KPMG, an international accounting and consulting firm, where he was a tax partner for many years until 1991. Mr. Roberson serves on the board of directors of
several private corporations. He is also serving or has served as a board member for a number of educational, religious, civic and charitable organizations, including Duke University Divinity School and the Boy Scouts of America. He received a
Master of Business Administration degree from the University of Georgia in 1972 and a Bachelor of Science degree in Business Administration from the University of North Carolina at Chapel Hill in 1968. Mr. Roberson is a certified public
accountant.
Mr. Roberson brings to the Board significant leadership skills and financial and strategy expertise.
CONSOL Energys Annual Meeting of Shareholders
CONSOL Energys 2016 annual meeting of shareholders is scheduled for 10:00 a.m. (Eastern Time) on Wednesday, May 11, 2016 at the Hyatt Regency
Pittsburgh International Airport, 1111 Airport Boulevard, Pittsburgh, Pennsylvania 15231.
The other candidates for election to the Board of Directors at
the meeting are: Nicholas J. DeIuliis, Alvin R. Carpenter, William E. Davis, Maureen E. Lally-Green, Gregory A. Lanham, John T. Mills, William P. Powell and William N. Thorndike, Jr.
This press release is not a proxy statement or a solicitation of proxies from the holders of common stock of CONSOL Energy. A solicitation of proxies in
connection with the annual meeting will be made only by CONSOL Energys definitive proxy statement that will be mailed to all shareholders of record on the record date. CONSOL Energy will be filing a definitive proxy statement for the
annual meeting with the Securities and Exchange Commission (SEC). Shareholders are urged to read the proxy statement and any other relevant documents filed or that will be filed with the SEC when they become available because they will contain
important information. Shareholders will be able to receive the proxy statement and other relevant documents free of charge at the SECs website at http://www.sec.gov or from CONSOL Energy Investor Relations at 1000 CONSOL Energy Drive,
Canonsburg, PA 15317.
About CONSOL Energy
CONSOL Energy Inc. (NYSE: CNX) is a Pittsburgh-based producer of natural gas and coal. The company is one of the largest independent natural gas
exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. CONSOL Energy deploys an organic growth strategy focused on rapidly developing its resource base. As
of December 31, 2015, CONSOL Energy had 5.6 trillion cubic feet equivalent of proved natural gas reserves.
The companys premium coals are sold to electricity generators and steel makers, both domestically and
internationally. CONSOL Energy is a member of the Standard & Poors 500 Equity Index. Additional information may be found at www.consolenergy.com.
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Investors:
Tyler Lewis at (724) 485-3157
tylerlewis@consolenergy.com
Robert Ferer at
(724) 485-3158
robertferer@consolenergy.com
Media:
Brian Aiello at (724) 485-3078
brianaiello@consolenergy.com
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