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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): May 3, 2023 (May 3, 2023)

 

Commission

File Number

Registrant; State of Incorporation

Address; and Telephone Number

I.R.S. Employer

Identification No.

     
1-5324

EVERSOURCE ENERGY

(a Massachusetts voluntary association)

300 Cadwell Drive

Springfield, Massachusetts 01104

Telephone: (800) 286-5000  

 04-2147929
     
0-00404

THE CONNECTICUT LIGHT AND POWER COMPANY

(a Connecticut corporation)

107 Selden Street

Berlin, Connecticut 06037-1616

Telephone: (800) 286-5000  

 06-0303850
     
1-02301

NSTAR ELECTRIC COMPANY

(a Massachusetts corporation)

800 Boylston Street

Boston, Massachusetts 02199

Telephone: (800) 286-5000

 04-1278810
     
1-6392

PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE

(a New Hampshire corporation)

Energy Park

780 North Commercial Street

Manchester, New Hampshire 03101-1134

Telephone: (800) 286-5000  

 02-0181050

 

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):

 

¨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:
Registrant Title of each class

Trading

Symbol(s)

Name of each exchange on

which registered

Eversource Energy

Common Shares, $5.00 par value per share

 ES New York Stock Exchange
The Connecticut Light and Power Company None N/A N/A
NSTAR Electric Company None N/A N/A
Public Service Company of New Hampshire None N/A N/A

 

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

Eversource Energy ¨
The Connecticut Light and Power Company ¨
NSTAR Electric Company ¨
Public Service Company of New Hampshire ¨

 

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.

 

Eversource Energy ¨
The Connecticut Light and Power Company ¨
NSTAR Electric Company ¨
Public Service Company of New Hampshire ¨

 

 

 

Document Type 8-K
Document Period End Date 2023-05-03
Amendment Flag false
CIK 0000023426
THE CONNECTICUT LIGHT_Written communications ¨
THE CONNECTICUT LIGHT_Soliciting material pursuant to ¨
THE CONNECTICUT LIGHT_Pre-commencement communications pursuant ¨
THE CONNECTICUT LIGHT_Pre-commencement communications pursuant ¨
Document Type 8-K
Document Period End Date 2023-05-03
Amendment Flag false
CIK 0000013372
NSTAR ELECTRIC_Written communications ¨
NSTAR ELECTRIC_Soliciting material pursuant to ¨
NSTAR ELECTRIC_Pre-commencement communications pursuant ¨
NSTAR ELECTRIC_Pre-commencement communications pursuant ¨
CIK 0000315256
Public Service Company_Written communications ¨
Document Type 8-K
Document Period End Date 2023-05-03
Amendment Flag false
Public Service Company_Soliciting material pursuant to ¨
Public Service Company_Pre-commencement communications pursuant ¨
Public Service Company_Pre-commencement communications pursuant ¨
   
   
   

 

 

 

Section 2Financial Information

 

Item 2.02Results of Operations and Financial Conditions.

 

On May 3, 2023, Eversource Energy (the “Company”) issued a news release announcing its unaudited results of operations for the three months ended March 31, 2023, and related financial information for certain of its subsidiaries as of and for the same period. A copy of the news release and related unaudited financial reports are attached as Exhibits 99.1 and 99.2, and are incorporated herein by reference thereto.

 

The information contained in this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed “filed” with the Securities and Exchange Commission (“SEC”) nor incorporated by reference in any registration statement filed by Eversource Energy or any subsidiary thereof under the Securities Act of 1933, as amended (the “Securities Act”), unless specified otherwise.

 

Section 5Corporate Governance and Management

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On May 3, 2023, the Board of Trustees (the “Board”) of Eversource Energy re-appointed Jay S. Buth, Vice President, Controller and Chief Accounting Officer of the Company, as the Company’s principal accounting officer, effective immediately. On September 16, 2022, John M. Moreira, Executive Vice President, Chief Financial Officer and Treasurer of the Company, had been appointed to serve as principal accounting officer on an interim basis.

 

Item 5.07Submission of Matters to a Vote of Security Holders.

 

(a)             On May 3, 2023, the Company held its 2023 Annual Meeting.

 

(b)             Shareholders voted on the proposals set forth below. For more information on the following proposals, see the Company’s Proxy Statement dated March 24, 2023. On March 7, 2023, the record date for the Annual Meeting, there were 348,673,173 common shares outstanding and entitled to vote. At the Annual Meeting, 303,238,457 common shares were represented, in person or by proxy, constituting a quorum.

 

(1)             Election of Trustees. The shareholders elected each of the 11 nominees to the Board of Trustees for a one-year term by a majority of the outstanding common shares:

 

Trustee   For   Against   Abstained   Broker Non-Votes
Cotton M. Cleveland   242,479,108   29,895,778   1,029,937   29,833,633
Francis A. Doyle   263,132,760   9,197,396   1,074,667   29,833,633
Linda Dorcena Forry   265,564,415   6,745,397   1,095,011   29,833,633
Gregory M. Jones   270,394,423   1,843,819   1,166,582   29,833,633
Lorretta D. Keane   271,068,120   1,355,373   981,330   29,833,633
John Y. Kim   270,316,227   2,031,347   1,057,250   29,833,633
Kenneth R. Leibler   258,984,918   13,282,848   1,137,057   29,833,633
David H. Long   265,143,685   7,200,430   1,060,709   29,833,633
Joseph R. Nolan, Jr.   248,894,079   21,865,890   2,644,854   29,833,633
William C. Van Faasen   255,189,835   17,111,962   1,103,027   29,833,633
Frederica M. Williams   262,999,992   9,411,772   993,059   29,833,633

 

 

 

 

(2)             The shareholders approved, on an advisory basis, the compensation of the Company’s 2022 Named Executive Officers:

 

For  Against  Abstained  Broker Non-Votes
 251,319,385   20,429,081 

1,656,357

   29,833,633

 

(3)             The shareholders voted for “1 year” on an advisory resolution on the frequency of shareholder votes on executive compensation:

 

1 Year  2 Years  3 Years  Abstained  Broker Non-Votes
 266,250,993   1,105,942   4,539,434   1,508,455 

29,833,633

 

(4)             The shareholders approved the First Amendment to the 2018 Eversource Energy Incentive Plan (the “Plan”) to authorize up to an additional 4,200,000 common shares for issuance under the Plan:

 

For  Against  Abstained  Broker Non-Votes

248,877,743

 

22,856,964

   1,670,116 

29,833,633

 

(5)             The shareholders approved an increase to the number of Eversource Energy common shares authorized for issuance by the Board in accordance with Section 19 of the Eversource Energy Declaration of Trust by 30,000,000 common shares, from 380,000,000 authorized common shares to 410,000,000 authorized common shares:

 

For  Against  Abstained  Broker Non-Votes
 294,879,989   5,985,553   2,372,914  0

 

(6)             The shareholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2023:

 

For  Against  Abstained  Broker Non-Votes
 285,948,243   16,254,731   1,035,482  0

 

Section 7Regulation FD

 

Item 7.01Regulation FD Disclosure.

 

On May 4, 2023, Eversource Energy will webcast a conference call with financial analysts during which senior management will discuss the Company’s financial performance through the first quarter of 2023. The webcast will be accessible from the Investors section of the Eversource Energy website at www.eversource.com. Attached as Exhibit 99.3 and incorporated herein by reference are the slides to be discussed by Eversource Energy during the conference call.

 

The information contained in this Item 7.01, including Exhibit 99.3, shall not be deemed “filed” with the SEC nor incorporated by reference into any registration statement filed by Eversource Energy or any subsidiary thereof under the Securities Act, unless specified otherwise.

 

 

 

 

Section 9Financial Statements and Exhibits

 

Item 9.01Financial Statements and Exhibits.

 

Exhibit

Number

   Description
99.1   News Release of Eversource Energy dated May 3, 2023.
99.2   Financial Report for the three months ended March 31, 2023.
99.3   May 4, 2023 presentation slides.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

 

 

EVERSOURCE ENERGY

THE CONNECTICUT LIGHT AND POWER COMPANY

NSTAR ELECTRIC COMPANY

PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE

(Registrants)

   
   

May 3, 2023

 By: /s/ Jay S. Buth
    Jay S. Buth
    Vice President, Controller and Chief Accounting Officer

 

 

 

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