<SEC-DOCUMENT>0001065059-12-000060.txt : 20121119
<SEC-HEADER>0001065059-12-000060.hdr.sgml : 20121119
<ACCEPTANCE-DATETIME>20121119082151
ACCESSION NUMBER:		0001065059-12-000060
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20121114
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20121119
DATE AS OF CHANGE:		20121119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			USEC INC
		CENTRAL INDEX KEY:			0001065059
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				522107911
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14287
		FILM NUMBER:		121213174

	BUSINESS ADDRESS:	
		STREET 1:		2 DEMOCRACY CENTER
		STREET 2:		6903 ROCKLEDGE DRIVE
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817
		BUSINESS PHONE:		3015643200

	MAIL ADDRESS:	
		STREET 1:		2 DEMOCRACY CENTER
		STREET 2:		6903 ROCKLEDGE DRIVE
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<FILENAME>form8-k.htm
<DESCRIPTION>CURRENT REPORT, ITEM 5.02
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Date of Report (Date of earliest event reported):&#160;&#160;November 14, 2012</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As part of USEC Inc.&#8217;s (&#8220;USEC&#8221; or the &#8220;Company&#8221;) ongoing actions to align its business with its evolving business environment, on November 14, 2012, the Board of Directors of USEC Inc. (&#8220;USEC&#8221; or the &#8220;Company&#8221;) appointed Robert Van Namen as Senior Vice President and Chief Operating Officer.&#160;&#160;In this role, Mr. Van Namen will have responsibility for directing all of the Company&#8217;s business operations, including the American Centrifuge program (&#8220;ACP&#8221;), enrichment operations at the Paducah gaseous diffusion plant, contract services and NAC International.&#160;&#160;Prior to his new appointment, Mr. Van Namen, 51, had been Senior Vice President, Uranium Enrichment since September 2005.&#160;&#160;Mr. Van Namen was Senior Vice President directing marketing and sales activities from January 2004 to September 2005 and was Vice President, Marketing and Sales from January 1999 to January 2004.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board of Directors also appointed Philip G. Sewell as Senior Vice President and Chief Development Officer, with a focus on corporate and business development activities, including marketing and sales activities and leading the Company&#8217;s ACP commercialization planning.&#160;&#160;Previously Mr. Sewell was Senior Vice President, American Centrifuge and Russian HEU.&#160;&#160;John C. Barpoulis, Senior Vice President and Chief Financial Officer and Peter B. Saba, Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary are also taking on expanded responsibilities in connection with the implementation of the Company&#8217;s current strategic initiatives.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In connection with this realignment of senior executives, the Board of Directors approved the following compensation adjustments for the senior executives:</font></div>

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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An increase in Mr. Van Namen&#8217;s base salary to $484,000 from $446,000;</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An increase in Mr. Barpoulis&#8217;s base salary to $475,000 from $448,000; and</font></div>
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<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An increase in Mr. Saba&#8217;s base salary to $445,000 from $420,000.&#160;&#160;In addition, Mr. Saba&#8217;s annualized target award level under the Company&#8217;s long-term incentive program was increased from 90% of base salary to 110% of base salary to be aligned with the target award level for the other senior vice presidents.</font></div>
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<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">/s/ John C. Barpoulis</font></div>
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Principal Financial Officer)</font></div>
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