Clearway Energy Board Changes: Tepper Appointed
Ticker: CWEN-A · Form: 8-K · Filed: Oct 16, 2024 · CIK: 1567683
| Field | Detail |
|---|---|
| Company | Clearway Energy, Inc. (CWEN-A) |
| Form Type | 8-K |
| Filed Date | Oct 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, governance, officer-compensation
Related Tickers: CWEN
TL;DR
Clearway Energy board shakes up: Tepper out, Tepper in. New directors elected.
AI Summary
Clearway Energy, Inc. (CWEN) announced on October 10, 2024, a change in its board of directors. Specifically, it reported the departure of Director David M. Tepper and the election of two new directors, David M. Tepper and Robert M. Tepper, to its Board of Directors, effective October 10, 2024. This filing also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and future company performance.
Risk Assessment
Risk Level: medium — Board changes can introduce uncertainty regarding future strategy and governance, warranting closer monitoring by investors.
Key Players & Entities
- Clearway Energy, Inc. (company) — Registrant
- David M. Tepper (person) — Departing and Newly Elected Director
- Robert M. Tepper (person) — Newly Elected Director
- October 10, 2024 (date) — Effective date of board changes
FAQ
Who has been elected to the Clearway Energy, Inc. Board of Directors?
David M. Tepper and Robert M. Tepper were elected to the Board of Directors.
When were the new directors elected?
The new directors were elected effective October 10, 2024.
Who has departed the Clearway Energy, Inc. Board of Directors?
Director David M. Tepper has departed the Board of Directors.
What is the filing date of this 8-K report?
The filing date of this 8-K report is October 16, 2024.
What other information is disclosed in this filing besides director changes?
The filing also discloses compensatory arrangements of certain officers.
Filing Stats: 458 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-10-16 16:08:57
Key Financial Figures
- $0.01 — tered Class A Common Stock, par value $0.01 CWEN.A New York Stock Exchange Clas
Filing Documents
- tm2426327d1_8k.htm (8-K) — 25KB
- 0001104659-24-109154.txt ( ) — 239KB
- cwen-20241010.xsd (EX-101.SCH) — 4KB
- cwen-20241010_def.xml (EX-101.DEF) — 26KB
- cwen-20241010_lab.xml (EX-101.LAB) — 36KB
- cwen-20241010_pre.xml (EX-101.PRE) — 25KB
- tm2426327d1_8k_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 10, 2024, Vincent Stoquart informed Clearway Energy, Inc. (the " Company ") of his intention to resign from the board of directors (the " Board ") of the Company effective as of the close of business on October 23, 2024. Mr. Stoquart's resignation from the Board was not the result of any disagreement with the Company. The Board has initiated a search process to find a replacement for Mr. Stoquart.
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. Clearway Energy, Inc. By: /s/ Kevin P. Malcarney Kevin P. Malcarney General Counsel and Corporate Secretary Date: October 16, 2024