Black Hills Corp CEO Compensation Agreement
Ticker: BKH · Form: 8-K · Filed: Nov 1, 2024 · CIK: 1130464
| Field | Detail |
|---|---|
| Company | Black Hills Corp /Sd/ (BKH) |
| Form Type | 8-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: BKH
TL;DR
BKH CEO Walker gets new pay deal, effective Oct 28, 2024. Details on salary, incentives.
AI Summary
On October 28, 2024, Black Hills Corporation announced changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its President and Chief Executive Officer, Christopher L. Walker, effective October 28, 2024. This agreement outlines his new base salary, annual incentive opportunity, and long-term incentive opportunity.
Why It Matters
Changes to executive compensation can signal management's confidence in future performance and impact investor perceptions of the company's financial health and leadership stability.
Risk Assessment
Risk Level: low — This filing primarily concerns executive compensation, which is a standard corporate disclosure and does not inherently present new financial or operational risks.
Key Players & Entities
- Black Hills Corporation (company) — Registrant
- Christopher L. Walker (person) — President and Chief Executive Officer
- October 28, 2024 (date) — Effective date of employment agreement
FAQ
What is the effective date of the new employment agreement for Christopher L. Walker?
The new employment agreement for Christopher L. Walker is effective as of October 28, 2024.
Who is the President and Chief Executive Officer of Black Hills Corporation mentioned in the filing?
Christopher L. Walker is the President and Chief Executive Officer of Black Hills Corporation.
What specific aspects of compensation are detailed in the new agreement?
The new agreement outlines Christopher L. Walker's new base salary, annual incentive opportunity, and long-term incentive opportunity.
What is the primary purpose of this Form 8-K filing?
The primary purpose of this Form 8-K filing is to report on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the state of incorporation for Black Hills Corporation?
Black Hills Corporation is incorporated in South Dakota (SD).
Filing Stats: 488 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-11-01 08:56:47
Key Financial Figures
- $1.00 — e on which registered Common stock of $1.00 par value BKH The New York Stock Ex
Filing Documents
- bkh-20241028.htm (8-K) — 35KB
- 0000950170-24-119821.txt ( ) — 142KB
- bkh-20241028.xsd (EX-101.SCH) — 23KB
- bkh-20241028_htm.xml (XML) — 4KB
SIGNATURES
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. Black Hills Corporation Date: November 1, 2024 By: /s/ Kimberly F. Nooney Senior Vice President and Chief Financial Officer