UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITES EXCHANGE ACT OF 1934
Date of Report (Date of earliest events reported) July 18, 2002
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(July 17, 2002)
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PNM RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
New Mexico 85-0468296
---------------------------- Commission -----------------------
(State or Other Jurisdiction File Number 333-32170 (I.R.S. Employer
of Incorporation) --------- Identification) Number)
Alvarado Square, Albuquerque, New Mexico 87158
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(Address of principal executive offices) (Zip Code)
(505) 241-2700
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(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year, if changed since last
report)
Item 5. Other Events
The following is a press release issued by the Company on July 17, 2002.
PNM Resources Names Two New Directors
ALBUQUERQUE, N.M., July 17, 2002 - Two new members have been elected to the
Board of PNM Resources (NYSE:PNM), the company announced today. The new
directors are Julie A. Dobson, of Potomac, Maryland, and Bonnie S. Reitz, of
Houston, Texas.
Dobson is the former chief operating officer of TeleCorp PCS, a wireless/mobile
phone company acquired by AT&T Wireless for more than $5.5 billion in 2001. As
part of the three-person TeleCorp leadership team, Dobson oversaw the operations
build-out of the company to serve more than a million customers. As chief
operating officer she managed 3,000 employees serving two dozen cities across
the central U.S. and in Puerto Rico.
Prior to the launch of TeleCorp PCS, Dobson was for nearly 19 years employed by
Bell Atlantic Corp. She held a variety of executive positions with that company
in sales, operations and strategic planning, concluding as president of the New
York/New Jersey region of Bell Atlantic Mobile. Dobson is also a director of INA
Trust, Philadelphia, Pennsylvania, and TeleBright Corp., of Rockville, Maryland.
Reitz is senior vice president for Sales and Distribution with Continental
Airlines, the fifth largest U.S. air carrier. A graduate of Purdue University,
Reitz began her career as a ticket sales agent with Eastern Airlines, rising
through the ranks to become head of Marketing and Sales at Eastern's System One
unit. She joined Continental in her current role in 1994 and now manages a staff
of nearly 650 employees, reporting directly to Continental President Larry
Kellner.
Reitz is also a member of the Board of Directors of the national Dress for
Success Program, a not-for-profit organization that provides
interview-appropriate clothing for low income women seeking employment.
"Julie Dobson and Bonnie Reitz bring to the PNM Resources board their extensive
experience in industries that have already seen the dramatic changes the utility
industry is undergoing today," said PNM Resources Chairman, President and Chief
Executive Officer Jeff Sterba. "Their managerial experience in sales, marketing,
customer service and strategy formulation will be particularly valuable in
helping us steer PNM through these challenging times."
Both Dobson and Reitz joined the PNM Resources board effective July 17. Dobson's
term ends with the company's annual meeting of shareholders in 2005; Reitz will
serve until the 2004 annual meeting. With the addition of Dobson and Reitz the
PNM Resources board now has 10 directors.
PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its
principal subsidiary is Public Service Company of New Mexico, which provides
electric power and natural gas utility services to more than 1.3 million people
in New Mexico. The company also sells power on the wholesale market in the
Western U.S. PNM Resources stock is traded primarily on the NYSE under the
symbol PNM.
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SIGNATURES
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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 thereunto duly authorized.
PNM RESOURCES, INC.
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(Registrant)
Date: July 18, 2002 /s/ John R. Loyack
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John R. Loyack
Vice President, Corporate Controller
and Chief Accounting Officer
(Officer duly authorized to sign this report)
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