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): March 26, 2010
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Exact Name of Registrant as Specified in its Charter, |
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Commission |
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State of Incorporation, Address of Principal Executive |
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IRS Employer |
File Number |
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Offices and Telephone Number |
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Identification No. |
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1-11607
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DTE Energy Company
(a Michigan corporation)
One Energy Plaza
Detroit, Michigan 48226-1279
313-235-4000
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38-3217752 |
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1-2198
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The Detroit Edison Company
(a Michigan corporation)
One Energy Plaza
Detroit, Michigan 48226-1279
313-235-4000
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38-0478650 |
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.02. Unregistered Sales of Equity Securities.
Pension Plan Equity Contribution
From March 26, 2010 through and including March 31, 2010, DTE Energy Company (the Company)
contributed an aggregate of 2,223,822 shares of the Companys common stock, no par value (the
Shares), to the DTE Energy Company Affiliates Employee Benefit Plans Master Trust (the Trust)
created under the DTE Energy Company Retirement Plan in consideration for a credit against future
funding obligations to the Trust of the Companys wholly owned subsidiary, The Detroit Edison
Company (Detroit Edison). The Shares were valued for purposes of the contribution at $97.5
million in the aggregate. The Shares were contributed to the Trust in a private placement
transaction made in reliance upon the exemption from registration provided by Section 4(2) of the
Securities Act of 1933, as amended.
On March 31, 2010, the Company also entered into a Registration Rights Agreement (Registration
Rights Agreement) with Evercore Trust Company, N.A., in its capacity as the investment manager of
the Shares. The Registration Rights Agreement provides, among other things, that the Company will
prepare and file with the Securities and Exchange Commission a shelf registration statement on Form
S-3 covering the resale of the Shares by the Trust, unless an existing registration statement
covering the shares may be used. The Company must use its reasonable commercial efforts to cause
such registration statement to remain continuously effective until the earliest of (a) the date on
which all Shares are sold, (b) the date on which the Shares may be sold by the Trust pursuant to
Rule 144 under the Securities Act of 1933 and (c) the date which is 90 days after the date on which
the number of Shares held by the Trust is less than one percent of the Companys outstanding common
stock.
The foregoing description of the Registration Rights Agreement does not purport to be complete and
is qualified in its entirety by reference to the full text of the Registration Rights Agreement
filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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10.1
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Registration Rights Agreement between DTE Energy Company and Evercore
Trust Company, N.A., dated as of March 31, 2010. |