UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) September 16, 2020
(Exact name of registrant as specified in its charter)
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(Commission File Number)
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(605 ) 721-1700
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Not Applicable
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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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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).
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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. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 16, 2020, Barry M Granger and Scott M. Prochazka accepted the Board of Directors appointments to serve as Directors effective October 1, 2020. Mr. Granger was appointed as a Class III Director, and Mr. Prochazka was appointed as a Class II Director, both of whom will stand for election by shareholders at the 2021 Annual Meeting of Shareholders. The Board of Directors also temporarily increased the size of the Board from 10 to 12 directors and expects to reduce the size of the Board to 11 following the anticipated retirement of Mr. Madison in connection with the 2021 Annual Meeting of Shareholders. The Board of Directors has not yet made a determination regarding any committee assignments for Messrs. Granger or Prochazka. Messrs. Granger and Prochazka will participate in the non-employee director compensation program described in the company’s proxy statement for the 2020 Annual Meeting of Shareholders.
The press release is attached as Exhibit 99 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are furnished or filed herewith:
| 99 | |||||
| 101.SCH | XBRL Taxonomy Extension Schema Document | ||||
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document | ||||
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | ||||
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document | ||||
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document | ||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibits 101.*) | ||||
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.
BLACK HILLS CORPORATION
By: /s/ Brian G. Iverson
Brian G. Iverson
Senior Vice President
Date: September 18, 2020
Black Hills Corp. Announces Two New Appointments to Board of Directors
Rapid City, S.D. – Sept. 18, 2020 – Black Hills Corp. (NYSE: BKH) today announced the appointment of Barry M. Granger and Scott M. Prochazka to its board of directors, effective Oct. 1, 2020. In anticipation of future retirements, the board also temporarily increased the size of the board from 10 to 12 directors.
“We are pleased to welcome Barry and Scott as new independent directors to the Black Hills board,” said Steven Mills, chairman of the board of Black Hills Corp. “We are confident that their experience, knowledge and leadership will add significant value to the board. Barry and Scott are joining Black Hills at an exciting time as we advance our Ready to Serve commitment and execute our long-term, sustainable growth strategy.”
Granger has more than 35 years of experience in the chemical and industrial industries, including a 35-year career at DuPont and Dow Chemical Companies, successfully growing complex and large businesses, developing and commercializing new technologies and optimizing business processes. He also brings corporate governance experience, having served on corporate and non-profit boards, including strategy, finance and governance/nominating committees.
Granger received a Bachelor of Science degree in chemical engineering from South Dakota School of Mines & Technology and a Master of Business Administration in industrial management from Indiana University. He was honored with the prestigious Consortium Fellowship for Graduate Studies in Management for his academic achievements and named one of the “Most Influential Black Leaders in Corporate America” by Savoy Magazine in 2016 for his career business accomplishments.
Prochazka is an accomplished and experienced senior executive and leader within the regulated utilities industry, with a reputation as an innovative operator with a focus on customer experience, growth and continuous improvement. He was most recently president and CEO of CenterPoint Energy, a company with over $30 billion of electric and natural gas utility assets, serving 7 million customers in eight states. During his nearly 20-year career at CenterPoint, Prochazka advanced through a variety of leadership roles in strategic planning, customer service, gas utility operations and electric utility operations, before becoming CEO.
Prochazka brings extensive knowledge in both natural gas and electric utilities, demonstrating success in strategic, collaborative and innovative growth. He is a recognized industry leader and has served on the boards of the American Gas Association, the Edison Electric Institute and the Electric Power Research Institute, as well as other public company and charitable boards. Prochazka received a Bachelor of Science degree in chemical engineering from the University of Texas at Austin.
Black Hills Corporation
Black Hills Corp. (NYSE: BKH) is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.28 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.
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