SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Items to be Included in this Report
On January 22, 2013, the Board of Directors (the “Board”) of American Electric Power Company, Inc. (the “Company”) elected Oliver G. Richard, III to serve as a director of the Company. Mr. Richard’s initial term as a director will continue until the 2013 annual meeting of shareholders. The Board appointed Mr. Richard to the Human Resources Committee, the Nuclear Committee and the Policy Committee.
Mr. Richard has served as the Chairman of CleanfuelUSA, an alternative vehicular fuel company, since 2006, and is the owner and president of Empire of the Seed LLC, a private consulting firm in the energy and management industries and the private investments industry, since 2005. Mr. Richard served as chairman, president and chief executive officer of Columbia Energy Group from April 1995 until Columbia Energy was acquired by NiSource Inc. in November 2000.
The Board has determined that Mr. Richard is an “independent” director under the Company’s Principles of Corporate Governance and the independence requirements of the New York Stock Exchange, as well as the applicable rules promulgated by the Securities and Exchange Commission (the “SEC”).
As a non-employee director, Mr. Richard will receive the same compensation paid to other non-employee directors of the Company in accordance with the policies and procedures previously approved by the Board for non-employee directors, consisting of an annual cash retainer of $92,000, an annual stock unit award of $138,000, and an annual retainer of $10,000 for serving on the Human Resources Committee.
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, thereunto duly authorized.
January 23, 2013