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): June 25, 2015

 

Commission file
number

 

Registrant, State of Incorporation or Organization,

Address of Principal Executive Offices, and Telephone Number

 

IRS Employer
Identification No.

 

 

 

 

1-32853

 

DUKE ENERGY CORPORATION

(a Delaware corporation)

550 South Tryon Street

Charlotte, North Carolina 28202-1803

704-382-6200

 

20-2777218

 

 

 

 

 

 

550 South Tryon Street, Charlotte, North Carolina 28202

(Address of Principal Executive Offices, including Zip code)

 

(704) 382-3853

(Registrant’s telephone number, including area code)

 

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:

 

o             Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o             Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o             Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o             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.

 

 

 

Effective as of June 25, 2015, the Board of Directors of Duke Energy Corporation approved an amendment to Ms. Lynn J. Good’s Employment Agreement, dated June 17, 2013. The amendment increases Ms. Good’s annual salary from $1,200,000 to $1,250,000, increases her short-term incentive opportunity from 125% to no less than 140% of her annual salary, and increases her long-term incentive opportunity from 450% to no less than 600% of her annual salary.

 

The foregoing summary of the amendment to Ms. Good’s Employment Agreement is qualified in its entirety by reference to the terms of the Amendment to Employment Agreement, a copy of which is filed as Exhibit 10.1 hereto, and is incorporated into this report by reference.

 

 

Item 9.01  Financial Statements and Exhibits.

 

(d)

Exhibits.

 

 

 

 

10.1

Amendment to Employment Agreement of Lynn J. Good dated June 25, 2015

 


 

SIGNATURE

 

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.

 

 

 

DUKE ENERGY CORPORATION

 

 

Date: June 29, 2015

By:

/s/ Julia S. Janson

 

Executive Vice President, Chief Legal

 

Officer and Corporate Secretary

 


 

EXHIBIT INDEX

 

 

Exhibit

 

Description

 

 

 

 

 

 

10.1

 

Amendment to Employment Agreement of Lynn J. Good dated June 25, 2015

 

Exhibit 10.1

 

 

AMENDMENT TO
EMPLOYMENT AGREEMENT

 

The Employment Agreement dated June 17, 2013 between Duke Energy Corporation and Lynn J. Good (the “ Agreement ”) is amended, effective as of June 25, 2015, as follows:

 

1.                             Section 4(a) of the Agreement is hereby amended by deleting the amount of “$1,200,000” where it appears and replacing it with “$1,250,000”.

 

2.                               Section 4(b) of the Agreement is hereby amended by (i) deleting the percentage “125%” in the first place that it appears and replacing it with “not less than 140%”, and (ii) adding the following sentence to the end thereof:  “If the Target Bonus Opportunity is increased during the Term, then such adjusted target opportunity will thereafter be the Target Bonus Opportunity for all purposes under this Agreement.”

 

3.                             Section 5(b) of the Agreement is hereby amended by deleting the percentage “450%” and replacing it with “not less than 600%.”

 

4.                                Except as explicitly set forth herein, the Agreement will remain in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have executed this amendment as of the day and year first above written.

 

 

 

DUKE ENERGY CORPORATION

 

 

 

 

/s/ E. Marie McKee

 

By: E. Marie McKee

 

Title: Chair, Compensation Committee

 

 

 

EXECUTIVE

 

 

 

 

 

/s/ Lynn J. Good

 

By: Lynn J. Good