Sec Form 13D Filing - Blackstone Holdings III L.P. filing for FirstEnergy Corp. (FE) - 2022-05-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

FirstEnergy Corp.

(Name of Issuer)

Common Stock, par value $0.10

(Title of Class of Securities)

337932107

(CUSIP Number)

John G. Finley

Blackstone Inc.

345 Park Avenue

New York, New York 10154

Tel: (212) 583-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

May 17, 2022

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.   ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Explanatory Note

This Amendment No. 1 amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the “SEC”) on December 23, 2021 (as amended, the “Schedule 13D”) with respect to the common stock, par value $0.10 per share (“Common Stock”) of FirstEnergy Corp. (the “Issuer”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Schedule 13D.

This Amendment No. 1 is being filed on behalf of each of the following, hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons”:

Item 2 of the Schedule 13D is hereby amended by incorporating herein by reference the information set forth on the updated Schedule I attached to this Amendment No. 1.

Item 4 of the Schedule 13D is hereby amended by inserting the following information at the end of Item 4:

On May 17, 2022, Sean Klimczak, Senior Managing Director and Global Head of Infrastructure of Blackstone Inc., was elected to serve as a director of the Issuer at the Issuer’s 2022 annual meeting of shareholders. Mr. Klimczak was nominated to serve as a director pursuant to the previously disclosed common stock purchase agreement, dated as of November 6, 2021 (the “SPA”) among the Issuer and BIP Securities, which provides, among other things, that for so long as BIP Securities beneficially owns at least 75% of the shares of Common Stock purchased pursuant to the SPA, BIP Securities will have the right to nominate one natural person for election to the board of directors of the Issuer.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: May 19, 2022

SCHEDULE I

Executive Officers and Directors of Blackstone Inc.

The name and principal occupation of each director and executive officer of Blackstone Inc. are set forth below. The address for each person listed below is c/o Blackstone Inc., 345 Park Avenue, New York, New York 10154. All executive officers and directors listed are United States citizens other than The Right Honourable Brian Mulroney, who is a citizen of Canada, and Sir John Antony Hood, who is a citizen of New Zealand.

OFFICERS:

DIRECTORS: