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
March
7,
2006
Date
of
Report (Date of earliest event reported)
GREEN
MOUNTAIN POWER CORPORATION
(Exact
name of registrant as specified in its charter)
VERMONT
(State
of
other jurisdiction of incorporation)
|
1-8291
|
03-0127430
|
|
(Commission
File Number)
|
(IRS
Employer Identification Number)
|
163
ACORN LANE
COLCHESTER,
VT 05446
(Address
and zip code of principal executive offices)
(802)
864-5731
(Registrant’s
telephone number, including area code)
N/A
(Former
name of 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:
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))
Item
1.01 Entry
into a Material Definitive Agreement.
On
March
7, 2006, Green Mountain Power Corporation (the “Company”) announced that the
Board of Directors appointed Dawn Bugbee to the position of Vice President
and
Chief Financial Officer of the Company. Ms. Bugbee will also function as
principal accounting officer and manage the treasury function of the Company.
Concurrently, the Company announced that Mr. Robert J. Griffin will become
Vice
President - Power Supply Planning and Risk Management and will no longer
serve
as Vice President, Chief Financial Officer and Treasurer and principal
accounting officer of the Company. The foregoing changes will be effective
as of
March 20, 2006. A copy of the press release issued on March 7, 2006, is attached
as Exhibit 99.1 to this Current Report and incorporated by reference herein.
Ms.
Bugbee, 49, has been the Chief Financial Officer at the Northwestern Medical
Center Hospital in St. Albans, Vermont since 1996. Ms. Bugbee is a licensed
certified public accountant with the State of Vermont.
In
her
new position Ms. Bugbee will receive an annual base salary of $175,000 and
a
signing bonus of $10,000. In
addition to employment benefits offered to all Company employees, Ms. Bugbee
will participate in the Company’s Management Compensation Plan, Officers’
Insurance Plan and will be eligible to participate in the Officers’ Deferred
Compensation Plan beginning in 2006.
The
Company currently contemplates entering into a change of control agreement
and a
new supplemental retirement plan with Ms. Bugbee upon commencement of her
employment with the Company. The Company will amend this Current Report on
Form
8-K at the time such agreements become available.
Item
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment
of Principal Officers.
The
information required by this item is included in Item 1.01 and
is
incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press
Release, dated March 7, 2006.
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.
| |
GREEN
MOUNTAIN POWER CORPORATION
(Registrant)
|
|
Date:
March 7, 2006
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By: /s/
Christopher L. Dutton
|
| |
Name:
Christopher L. Dutton
Title:
President and Chief Executive
Officer
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Exhibit
Index
Exhibit
99.1 Press
Release, dated March 7, 2006.