kjnserpagreement.htm
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):
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March
7, 2008
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Commission
File No.
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Exact
Name of Registrant as Specified in its Charter and Principal Office
Address and Telephone Number
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State
of Incorporation
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I.R.S.
Employer Identification Number
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1-16681
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The
Laclede Group, Inc.
720
Olive Street
St.
Louis, MO 63101
314-342-0500
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Missouri
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74-2976504
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1-1822
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Laclede Gas
Company
720
Olive Street
St.
Louis, MO 63101
314-342-0500
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Missouri
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43-0368139
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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:
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[ ]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 13e-4(c))
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Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(e)
Previously,
the Board of Directors of The Laclede Group, Inc. adopted resolutions allowing
Mr. Kenneth J. Neises, Executive Vice President of Laclede Gas Company
(“Company”), to continue to work beyond his mandatory retirement date of
November 1, 2005 under the Laclede Gas Company Employees’ Retirement Plan
(“Plan”), with the original extension granted up to November 1, 2007 and the
second extension granted up to December 1, 2009. On March 7, 2008,
the Company entered into a supplemental pension agreement (“Agreement”) with Mr.
Neises fixing the value of his aggregate benefit under the Plan and the Laclede
Gas Company Supplemental Retirement Benefit Plan (“SERP”) earned from his
initial employment date to November 1, 2005, his mandatory retirement date;
fixing the formula for determining the value of his aggregate incremental
benefit earned under the Plan and SERP from November 1, 2005 to November 1,
2007; and providing for determination of the value of his aggregate incremental
benefit from November 1, 2007 to the date of retirement, death or disability as
of the date of such event. The aggregate benefit value calculated
under the Agreement will be offset by the amounts payable under the Plan and
SERP.
The Agreement is not an employment
agreement and does not preclude termination of his employment at any
time. If the benefit payable under the Agreement is triggered by the
death or disability of Mr. Neises, it will be payable in a lump sum 30 days
after the date of his death or disability. If it is payable due to
his retirement, it will be payable on the date that is six months after the date
of his retirement.
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.
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THE
LACLEDE GROUP, INC.
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Date: March
7, 2008
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By:
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/s/
D. H. Yaeger
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D.
H. Yaeger
Chairman,
President, and
Chief
Executive Officer
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LACLEDE
GAS COMPANY
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Date: March
7, 2008
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By:
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/s/
D. H. Yaeger
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D.
H. Yaeger
Chairman,
President and
Chief
Executive Officer
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