<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2020 Workiva--><!--r:dbe0b892-ffbb-4f6d-af71-ff2ac81df832,g:690c3d56-105b-4ac7-bf98-1c77ff8ad15d,d:2884fa004b7f4e848d2537abf58eca10--><html xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns="http://www.w3.org/1999/xhtml" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:dei="http://xbrl.sec.gov/dei/2020-01-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>itc-20201112</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="ied046e00fb6a4046bf54f6b835ce6551_D20200618-20200618" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF80L2ZyYWc6MDk0MmZlZWM4MTJiNDgyMzliNjhjMGY4ZTBhYzZlZmMvdGFibGU6M2QxMDkxMzY5M2MyNGRkODlmZjQwMjdjNmNjMTI1NTYvdGFibGVyYW5nZTozZDEwOTEzNjkzYzI0ZGQ4OWZmNDAyN2M2Y2MxMjU1Nl8yLTEtMS0xLTA_ff90c950-3248-4ddf-8ff4-798ac3a8ff65">0001317630</ix:nonNumeric><ix:nonNumeric contextRef="ied046e00fb6a4046bf54f6b835ce6551_D20200618-20200618" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF80L2ZyYWc6MDk0MmZlZWM4MTJiNDgyMzliNjhjMGY4ZTBhYzZlZmMvdGFibGU6M2QxMDkxMzY5M2MyNGRkODlmZjQwMjdjNmNjMTI1NTYvdGFibGVyYW5nZTozZDEwOTEzNjkzYzI0ZGQ4OWZmNDAyN2M2Y2MxMjU1Nl81LTEtMS0xLTA_ed44bafb-1bb0-4dee-aa9f-85fcf9c6cc87">false</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="itc-20201112.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001317630</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2020-11-12</xbrli:startDate><xbrli:endDate>2020-11-12</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ied046e00fb6a4046bf54f6b835ce6551_D20200618-20200618"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001317630</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2020-06-18</xbrli:startDate><xbrli:endDate>2020-06-18</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i2884fa004b7f4e848d2537abf58eca10_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;border-top:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div><span><br/></span></div><div><span><br/></span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%">UNITED STATES <br/>SECURITIES AND EXCHANGE COMMISSION</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, DC 20549</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzQw_9ac415fa-3cf0-4e6c-b923-a61fc2d99d10">8-K</ix:nonNumeric> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT <br/>Pursuant to Section&#160;13 or 15(d) of the <br/>Securities Exchange Act of 1934</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported):</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> <ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8yMzY_c5a637d0-d4f4-4b81-9a2b-d7299b43328c">November 12, 2020</ix:nonNumeric> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzMw_6d4e5b4c-51eb-4a02-a62c-aa7fbf2681aa">ITC HOLDINGS CORP.</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Exact Name of Registrant as Specified in its Charter)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Commission File Number: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzM1_31b41e8c-64f4-4819-9ff8-5b65de0b76c9">001-32576</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:48.498%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.602%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.500%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGFibGU6ZDdjYTBiMDMxNjVhNGZkMjk3M2Q0MjA0Nzg2Y2UxNGYvdGFibGVyYW5nZTpkN2NhMGIwMzE2NWE0ZmQyOTczZDQyMDQ3ODZjZTE0Zl8wLTAtMS0xLTA_b4eaa5e8-e7ee-47e1-a03f-13b37d7e6875">Michigan</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGFibGU6ZDdjYTBiMDMxNjVhNGZkMjk3M2Q0MjA0Nzg2Y2UxNGYvdGFibGVyYW5nZTpkN2NhMGIwMzE2NWE0ZmQyOTczZDQyMDQ3ODZjZTE0Zl8wLTItMS0xLTA_236d42fb-be28-4b2b-9a91-1a1ee7054a13">32-0058047</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(State of Incorporation)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(IRS Employer Identification No.)</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzQx_803ccf9a-8df3-4afe-8df5-c0afb2560b4b">27175 Energy Way</ix:nonNumeric>, <ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzM2_0d517bb3-f77b-49ee-b214-e9f1a0d92a01">Novi</ix:nonNumeric>, <ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzMx_b6f65f8a-97a9-41cf-816a-af80c769fcab">Michigan</ix:nonNumeric> <ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzQy_b6b84fbd-509e-4a84-9e9b-e716cd791dc4">48377</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> <br/>(Address of principal executive offices) (zip code)</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(<ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzM4_83fc0cae-4557-4290-b1c8-a45050b0f6f4">248</ix:nonNumeric>)&#160;<ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzMy_b2f0eb54-21d0-4ff4-99da-27438a6912d9">946-3000</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> <br/>(Registrant&#8217;s telephone number, including area code)</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Not Applicable</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> <br/>(Former name or former address, if changed since last report)</span></div><div style="text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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: </span></div><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzI5_d08859c4-a734-47a9-ab8e-1f714b28c510">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425) </span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzM3_fc69cc99-be09-40e0-8e6d-d2044fd152dd">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12) </span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzMz_020c8c85-82ff-49a6-a512-a375627cfc80">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzM5_f5c9c746-2bdd-4624-9f02-8865822bd097">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act: </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:34.637%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.617%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title of each class</span></div></td><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading Symbol(s)</span></div></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</span></div></td><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</span></div></td><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">None</span></div></td></tr></table></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule&#160;405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule&#160;12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i999852505f394fc1baaeb1771ef8ba5d_D20201112-20201112" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOjI4ODRmYTAwNGI3ZjRlODQ4ZDI1MzdhYmY1OGVjYTEwL3NlYzoyODg0ZmEwMDRiN2Y0ZTg0OGQyNTM3YWJmNThlY2ExMF8xL2ZyYWc6N2IxYTFmMWVlYzk1NGJmZDgzMzVlMjlmYjVjZDY3ZmQvdGV4dHJlZ2lvbjo3YjFhMWYxZWVjOTU0YmZkODMzNWUyOWZiNWNkNjdmZF8xNzM0_b8df720b-a93a-4b55-87e5-4b55d7212a96">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a)&#160;of the Exchange Act. </span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:12pt;font-weight:400;line-height:120%">o</span></div><div><span><br/></span></div><div><span><br/></span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i2884fa004b7f4e848d2537abf58eca10_10"></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%"><div style="padding-left:18pt"><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:115%">Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:115%">Approval of 2021 Annual Incentive Compensation Plan</span></div><div><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">On November 12, 2020, the Governance and Human Resources Committee of ITC Holdings Corp. (the &#8220;Company&#8221;) approved the 2021 annual incentive plan for the Company&#8217;s executives, including the &#8220;Named Executive Officers&#8221; of the Company. Awards made in accordance with this plan are treated as incentive awards under the Company&#8217;s 2017 Omnibus Plan. Goals and payout weighting under the 2021 annual incentive plan are as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:32.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.419%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline">Category</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline">Goal</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline">Weight</span></td></tr><tr style="height:24pt"><td colspan="3" rowspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Safety &amp; Compliance<br/>20% Maximum Potential Payout</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">2 or fewer lost work day cases for injuries to Company employees and specified contractor employees</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%</span></td></tr><tr style="height:24pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">8 or fewer recordable incidents for injuries to Company employees and specified contractor employees</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%</span></td></tr><tr style="height:36pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Infrastructure Protection: Implementation of 2021 cyber security objectives (5% weight) and physical security objectives (5% weight)</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%-10%</span></td></tr><tr style="height:24pt"><td colspan="3" rowspan="7" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">System Performance<br/>60% Maximum Potential Payout</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">ITCTransmission: 13 or fewer forced, sustained line outages, excluding certain catastrophic weather events</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%</span></td></tr><tr style="height:24pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">METC: 23 or fewer forced, sustained line outages, excluding certain catastrophic weather events</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%</span></td></tr><tr style="height:36pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">ITC Midwest: 59 or fewer forced, sustained line outages, excluding certain catastrophic weather events, no more than 48 at the 69 kV level</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%</span></td></tr><tr style="height:24pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">ITCTransmission: Complete the 15 high priority 2021 field operation and maintenance initiatives</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%</span></td></tr><tr style="height:24pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">METC: Complete the 13 high priority 2021 field operation and maintenance initiatives</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%</span></td></tr><tr style="height:24pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">ITC Midwest: Complete the 10 high priority 2021 field operation and maintenance initiatives</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%</span></td></tr><tr style="height:48pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">ITCTransmission, METC, ITC Midwest, and ITC Great Plains: Complete $751 million of the 2021 Capital Expenditure budget for approved projects to achieve 30%; complete $711 million to achieve 15%</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">15%-30%</span></td></tr><tr style="height:59pt"><td colspan="3" rowspan="2" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Financial<br/>20% Maximum Potential Payout</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">ITCTransmission, METC, ITC Midwest, ITC Great Plains, and ITC Interconnection: Non-field operation and maintenance expense and general and administrative expense at or under budget of $168 million</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">10%</span></td></tr><tr style="height:48pt"><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">ITCTransmission, METC, ITC Midwest, ITC Great Plains, and ITC Interconnection: Combined adjusted net income at or above $504 million to achieve 10%; at or above $479 million to achieve 5%</span></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">5%-10%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Total</span></td><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">100%</span></td></tr></table></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Our 2021 annual incentive plan also includes a bonus multiplier for executive officers under which annual incentive bonus awards may be increased by as much as 100% to the extent specified targets related to our Capital Investment Plan (30% weight), Strategic Plan Objectives (30% weight), Consolidated Net Income (30% weight) and Inclusion and Diversity Plan (10% weight) are achieved.</span></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-left:18pt"><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%"><div><span><br/></span></div></div><div style="padding-left:18pt;text-indent:-18pt"><span><br/></span></div><div style="margin-top:11pt;text-indent:36pt"><span><br/></span></div><div style="margin-top:11pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:108%">SIGNATURES</span></div><div style="margin-top:11pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:108%">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 hereunto duly authorized.</span></div><div style="margin-top:11pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:105%">November 17, 2020</span></div><div style="margin-bottom:5pt;margin-top:11pt;text-align:right"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:339.75pt"><tr><td style="width:1.0pt"></td><td style="width:19.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:142.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:142.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:28.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:24pt"><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">ITC HOLDINGS CORP.<br/>&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">By:</span></td><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">/s/ Christine Mason Soneral</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Christine Mason Soneral</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Its:</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Senior Vice President, General Counsel and Secretary</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
[{"type": "8-K", "sequence": "1", "filename": "itc-20201112.htm", "description": "8-K", "secsgml_size_bytes": 41451}]
{"company-data": {"conformed-name": "ITC Holdings Corp.", "cik": "0001317630", "assigned-sic": "4911", "irs-number": "320058047", "state-of-incorporation": "MI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32576", "film-number": "201321526"}, "business-address": {"street1": "27175 ENERGY WAY", "city": "NOVI", "state": "MI", "zip": "48377", "phone": "248-946-3000"}, "mail-address": {"street1": "27175 ENERGY WAY", "city": "NOVI", "state": "MI", "zip": "48377"}}
itc-20201112
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):
November 12, 2020
ITC HOLDINGS CORP.
(Exact Name of Registrant as Specified in its Charter)
Commission File Number:
001-32576
Michigan
32-0058047
(State of Incorporation)
(IRS Employer Identification No.)
27175 Energy Way
,
Novi
,
Michigan
48377
(Address of principal executive offices) (zip code)
(
248
)
946-3000
(Registrant's telephone number, including area code)
Not Applicable
(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:
☐
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
None
None
None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o
Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Approval of 2021 Annual Incentive Compensation Plan
On November 12, 2020, the Governance and Human Resources Committee of ITC Holdings Corp. (the "Company") approved the 2021 annual incentive plan for the Company's executives, including the "Named Executive Officers" of the Company. Awards made in accordance with this plan are treated as incentive awards under the Company's 2017 Omnibus Plan. Goals and payout weighting under the 2021 annual incentive plan are as follows:
Category
Goal
Weight
Safety & Compliance
20% Maximum Potential Payout
2 or fewer lost work day cases for injuries to Company employees and specified contractor employees
5%
8 or fewer recordable incidents for injuries to Company employees and specified contractor employees
5%
Infrastructure Protection: Implementation of 2021 cyber security objectives (5% weight) and physical security objectives (5% weight)
5%-10%
System Performance
60% Maximum Potential Payout
ITCTransmission: 13 or fewer forced, sustained line outages, excluding certain catastrophic weather events
5%
METC: 23 or fewer forced, sustained line outages, excluding certain catastrophic weather events
5%
ITC Midwest: 59 or fewer forced, sustained line outages, excluding certain catastrophic weather events, no more than 48 at the 69 kV level
5%
ITCTransmission: Complete the 15 high priority 2021 field operation and maintenance initiatives
5%
METC: Complete the 13 high priority 2021 field operation and maintenance initiatives
5%
ITC Midwest: Complete the 10 high priority 2021 field operation and maintenance initiatives
5%
ITCTransmission, METC, ITC Midwest, and ITC Great Plains: Complete $751 million of the 2021 Capital Expenditure budget for approved projects to achieve 30%; complete $711 million to achieve 15%
15%-30%
Financial
20% Maximum Potential Payout
ITCTransmission, METC, ITC Midwest, ITC Great Plains, and ITC Interconnection: Non-field operation and maintenance expense and general and administrative expense at or under budget of $168 million
10%
ITCTransmission, METC, ITC Midwest, ITC Great Plains, and ITC Interconnection: Combined adjusted net income at or above $504 million to achieve 10%; at or above $479 million to achieve 5%
5%-10%
Total
100%
Our 2021 annual incentive plan also includes a bonus multiplier for executive officers under which annual incentive bonus awards may be increased by as much as 100% to the extent specified targets related to our Capital Investment Plan (30% weight), Strategic Plan Objectives (30% weight), Consolidated Net Income (30% weight) and Inclusion and Diversity Plan (10% weight) are achieved.
SIGNATURES
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 hereunto duly authorized.
November 17, 2020
ITC HOLDINGS CORP.
By:
/s/ Christine Mason Soneral
Christine Mason Soneral
Its:
Senior Vice President, General Counsel and Secretary