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Section 1: 8-K (8-K)

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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) February 22, 2017
 

Commission File
Number
 
Exact Name of Registrant as Specified in its Charter; State of
Incorporation; Address of Principal Executive Offices; and
Telephone Number
 
IRS Employer
Identification
Number
001-3034
 
XCEL ENERGY INC.
(a Minnesota corporation)
414 Nicollet Mall
Minneapolis, Minnesota 55401
(612) 330-5500
 
41-0448030
 


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):

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.

(d)
Election of Director.

On February 22, 2017, the Board of Directors of Xcel Energy Inc. (the Company) elected Daniel Yohannes to the Board of Directors, effective March 1, 2017, for a term expiring at the Company’s 2017 annual meeting of shareholders. The Board has not made a determination regarding any committee assignments for Mr. Yohannes. Mr. Yohannes will receive compensation for his Board service consistent with the compensation received by the Company’s other non-employee directors, as disclosed in the Company’s Schedule 14A, Definitive Proxy Statement filed on April 4, 2016 (file no. 001-03034), prorated from the commencement of his service on the Board to the date of the 2017 annual shareholders meeting.

A copy of the News Release announcing this change to the Board of Directors is attached hereto as Exhibit 99.01.
Item 9.01.
Financial Statements and Exhibits.
 
(d)
Exhibits.
 
Exhibit
Description
 
99.01
Press Release dated February 22, 2017.





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.

February 22, 2017
Xcel Energy Inc. (a Minnesota corporation)
 
 
By:
 
 
/s/ Judy M. Poferl
 
Judy M. Poferl
 
Senior Vice President, Corporate Secretary and
Executive Services






Exhibit Index
  
 
Exhibit
Description
 
Press Release dated February 22, 2017.



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Section 2: EX-99.01 (EXHIBIT 99.01)

Exhibit

Exhibit 99.01

38182272_a9901image1.jpg
 
 
 
 
 
Xcel Energy Media Relations
414 Nicollet Mall, 7th floor
Minneapolis, MN 55401
(612) 215-5300
www.xcelenergy.com

 
 
 
 
 
 
 
 


Xcel Energy Board elects new member
Experienced leader in banking and renewable energy joins board of directors


Minneapolis Feb. 22, 2017- Daniel Yohannes has been elected to Xcel Energy’s board of directors, effective March 1, 2017.

Yohannes most recently served as the U.S. Ambassador to the Organization for Economic Cooperation and Development (OECD), an international forum promoting economic growth, prosperity, sustainable development and energy security through better policies. Prior to that appointment, he served as Chief Executive Officer of Millennium Challenge Corporation (MCC), a U.S. government development agency that provides grants for investments in, among other things, energy and power infrastructure in developing countries to create self-sustaining power systems and support economic development.

“We’re pleased to welcome Daniel and believe he will be a valuable addition to our board, complementing the already-strong experience of our directors,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “He brings extraordinary experience in infrastructure and economic development, as well as excellence in managing complex stakeholder relationships. His passion for protecting the environment and addressing environmental issues in economic and sustainable ways are in line with our core values and will serve Xcel Energy well.”

Prior to his government service, Yohannes specialized in financial services and the renewable energy sector. During more than three decades in financial services, he held several leadership roles including Vice Chairman and Member of the Management Committee of U.S. Bank. Yohannes co-founded the New Resource Bank which invests in environmentally sustainable businesses. In addition, he has led organizations that promote renewable energy.

Yohannes is active in his community of Denver, Colorado and has served on several nonprofit boards, such as the board of Project C.U.R.E, an organization that delivers donated medical supplies to developing countries worldwide. He received a bachelor’s degree in economics from Claremont McKenna College and earned a Master of Business Administration from Pepperdine University.
 
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About Xcel Energy
Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.



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