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) December 15, 2004
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AMERICAN ELECTRIC POWER COMPANY, INC.
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(Exact Name of Registrant as Specified in Its Charter)
New York
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(State or Other Jurisdiction of Incorporation)
1-3525 13-4922640
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(Commission File Number) (IRS Employer Identification No.)
1 Riverside Plaza, Columbus, OH 43215
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(Address of Principal Executive Offices) (Zip Code)
614-716-1000
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or 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 (see General Instruction A.2. below):
[ ] 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 December 15, 2004, the Board of Directors (the "Board") of American
Electric Power Company, Inc. ("AEP"), upon recommendation of the Directors and
the Corporate Governance Committee, approved the following:
(1) effective January 1, 2005, an increase in the amount of AEP
stock units awarded to non-employee directors pursuant to the
Stock Unit Accumulation Plan from $60,000 to $80,000 annually;
(2) payment for performing special assignments by the members of
the ad hoc subcommittee of the Board which in 2004 conducted
an assessment and drafted an environmental report to
shareholders ($12,000 for the chairman of the subcommittee and
$10,000 for the other members of the subcommittee); and
(3) effective January 1, 2005, a fee of $1,200 per day for special
assignments (such as attendance at Nuclear Regulatory
Commission meetings or for services on future ad hoc
subcommittees).
In addition, the Board approved an amendment to the Deferred Compensation
and Stock Plan for Non-Employee Directors ("Plan") that permits non-employee
directors to defer receipt of up to 100 percent of their annual Board cash
retainer. The amended Plan will permit non-employee directors to defer their
annual Board cash retainer into accounts tracked with reference to any of the
investment fund options available to participants in the AEP System Incentive
Compensation Deferral Plan, including an AEP stock fund.
SIGNATURE
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.
AMERICAN ELECTRIC POWER COMPANY, INC.
By: /s/ Thomas G. Berkemeyer
Name: Thomas G. Berkemeyer
Title: Assistant Secretary
December 21, 2004