UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  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):  February 13, 2009

 

EnergySolutions, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

 

Registrant’s telephone number, including area code:
(801) 649-2000

 

N/A

(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):

 

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

 

On February 13, 2009, ENV Holdings LLC (“ENV”), previously the owner of 4,753,500 shares of common stock of EnergySolutions, Inc. (the “Company”), representing 16.7% of all outstanding shares of common stock of the Company, completed a distribution of all of its shares to its members on a pro rata basis for no consideration.  As a result, ENV is no longer the beneficial owner, directly or indirectly, of any shares of common stock of the Company.

 

Prior to and in connection with such distribution, ENV contributed funds to the Company for the sole purpose of making payments to certain employees of the Company for their contributions to its growth since ENV’s initial investment in the Company in January 2005.  These payments were made by the Company at ENV’s instruction, and under applicable accounting standards, such payments are deemed to be employee compensation paid by the Company.  There was no net cash impact to the Company as a result of these transactions, which are recorded in the Company’s financial statements for the year ended December 31, 2008, since the income tax benefit will more than offset the employer portion of payroll taxes.

 

The payments by ENV included the following payments to the named executive officers in the Company’s proxy statement for its 2008 annual meeting of stockholders:

 

Philip O. Strawbridge		$	4,750,000
Executive Vice President and Chief Financial Officer
Raul J. Deju		$	1,000,000
Chief Operating Officer
Alan M. Parker		$	1,000,000
Chief Operating Officer, International Group

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

		EnergySolutions, Inc.
Dated: February 13, 2009		By	/s/ Val J. Christensen
			Val J. Christensen, President

 

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