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PINNACLE WEST CAPITAL CORP FILES (8-K) Disclosing Results of Operations and Financial Condition, Change in Directors or Principal Officers, Financial Statements and Exhibits

February 21, 2014



Item 2.02. Results of Operations and Financial Condition and Item 7.01. Regulation FD Disclosure.

The following information is furnished pursuant to both Item 2.02 and 7.01.

On February 21, 2014, Pinnacle West Capital Corporation ("Pinnacle West" or the "Company") issued a press release regarding its financial results for the fiscal quarter and full year ended December 31, 2013 and its earnings outlook for 2014. A copy of the press release is attached hereto as Exhibit 99.1.

The Company is providing a quarterly and full year consolidated statistical summary and earnings variance explanations and a copy of the slide presentation made in connection with its earnings conference call on February 21, 2014. This information contains Company operating results for the fiscal quarter and fiscal year ended December 31, 2013 and is attached hereto as Exhibits 99.2, 99.3 and 99.4. The statistical summary, earnings variance explanations, and slide presentation are concurrently being posted to the Company's website at www.pinnaclewest.com, which also contains a glossary of relevant terms.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 19, 2014, the Board of Directors (the "Board") of Pinnacle West expanded the number of directors on the Board by two and elected Messrs. Richard P. Fox and David P. Wagener as Directors. Messrs. Fox and Wagener's initial terms will extend until the Pinnacle West 2014 Annual Meeting of Shareholders in May 2014 ("2014 Annual Meeting of Shareholders"). The Board of Arizona Public Service Company ("APS"), the principal subsidiary of Pinnacle West, also elected Messrs. Fox and Wagener to its Board. Mr. Fox has been appointed to the Audit and Finance Committees of Pinnacle West and Mr. Wagener has been appointed to the Finance and Nuclear and Operating Committees of Pinnacle West. Messrs. Fox and Wagener will participate in the compensation arrangements for non-employee directors described on page 57 of the Pinnacle West Proxy Statement for its Annual Meeting of Shareholders held on May 15, 2013, except the annual retainer and equity grant will be prorated to reflect their service from the date of their election until the 2014 Annual Meeting of Shareholders.

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Registrant(s) Description 99.1 Pinnacle West Earnings News Release issued on February 21, 2014. APS 99.2 Pinnacle West Pinnacle West quarterly consolidated statistical summary APS for the three-month and twelve-month periods ended December 31, 2013 and 2012. 99.3 Pinnacle West Pinnacle West 4th Quarter and Full-Year 2013 Results APS slide presentation accompanying February 21, 2014 conference call. 99.4 Pinnacle West Pinnacle West earnings variance explanations for the APS three and twelve months ended December 31, 2013 and 2012 and Consolidated Statements of Income for the three and twelve months ended December 31, 2013 and 2012. 2



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Source: Edgar Glimpses


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