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ARIZONA PUBLIC SERVICE CO FILES (8-K) Disclosing Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits

June 24, 2014



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

On June 18, 2014, the Board of Directors of Arizona Public Service Company ("APS"), promoted Mark A. Schiavoni to the position of Executive Vice President and Chief Operating Officer of APS. Prior to his promotion, Mr. Schiavoni held the position of Executive Vice President, Operations of APS. Mr. Schiavoni is a participant in the APS 2014 Annual Incentive Award Plan (the "APS Plan"). The award opportunity for Mr. Schiavoni is based on the achievement of specified 2014 APS earnings levels and specified business unit performance goals. In connection with his promotion, Mr. Schiavoni's target award opportunity of 60% of his base salary was increased to 70%. Mr. Schiavoni may earn less than the target amount or more, up to a maximum award opportunity of 140% of his base salary, depending on the achievement of the earnings and business unit performance goals and before adjustment for individual performance. Biographical and related information regarding Mr. Schiavoni is set forth in the Pinnacle West Capital Corporation ("Pinnacle West") and APS 2013 Form 10-K and the Pinnacle West 2014 Proxy Statement relating to its 2014 Annual Meeting of Shareholders, and information regarding the APS Plan is set forth in the Form 8-K filed by Pinnacle West and APS on December 23, 2013, and such information is incorporated by reference herein.

Item 7.01 Regulation FD Disclosure.



Investor and Analyst Meetings

Pinnacle West will be participating in various meetings with securities analysts and investors on June 24 through June 27, 2014 and will be utilizing handouts during those meetings. Copies of the handouts are attached hereto as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Registrant(s) Description 99.1 Pinnacle West Pinnacle West handouts for use at meetings on APS June 24 through June 27, 2014. 2



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Source: Edgar Glimpses


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