Duke Energy Files 8-K on Officer Changes and Financials
Ticker: DUKB · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1326160
| Field | Detail |
|---|---|
| Company | Duke Energy Corp (DUKB) |
| Form Type | 8-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $1,300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-statements
Related Tickers: DUK
TL;DR
Duke Energy filed an 8-K detailing officer changes and financial updates as of Jan 10, 2025.
AI Summary
Duke Energy Corp. filed an 8-K on January 13, 2025, reporting changes related to its directors and officers, including appointments and compensatory arrangements. The filing also includes financial statements and exhibits, with the report period ending January 10, 2025.
Why It Matters
This filing provides insight into Duke Energy's corporate governance and executive compensation, which can impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing is routine and reports on corporate governance and financial statements without indicating significant new risks.
Key Numbers
- 20250110 — Report Date (The period for which the 8-K report is relevant.)
- 20250113 — Filing Date (The date the 8-K was officially submitted to the SEC.)
Key Players & Entities
- Duke Energy CORP (company) — Filer
- Duke Energy Holding Corp. (company) — Former company name
- Deer Holding Corp. (company) — Former company name
FAQ
What specific changes were made regarding directors or certain officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers'.
What is the SEC file number for this Duke Energy 8-K?
The SEC file number for this filing is 001-32853.
When was Duke Energy's fiscal year end?
Duke Energy's fiscal year ends on December 31.
What is the primary business of Duke Energy Corp. according to the filing?
Duke Energy Corp. is classified under 'ELECTRIC & OTHER SERVICES COMBINED [4931]'.
What types of financial instruments are mentioned in relation to the reporting date?
The filing mentions 'CommonStockMember', 'JuniorSubordinatedDebentures5.625CouponDueSeptember2078Member', 'DepositoryShareMember', 'Percentage310seniornotesdue2028Member', 'Percentage385seniornotesdue2034Member', and 'Percentage375seniornotesdue2031Member'.
Filing Stats: 1,075 words · 4 min read · ~4 pages · Grade level 10.8 · Accepted 2025-01-13 09:02:34
Key Financial Figures
- $0.001 — gistered Duke Energy Common Stock, $0.001 par value DUK New York Stock Exchange
- $1,300,000 — sation levels: an annual base salary of $1,300,000, effective as of April 1, 2025, a short
Filing Documents
- tm253002d1_8k.htm (8-K) — 39KB
- tm253002d1_ex10-1.htm (EX-10.1) — 9KB
- tm253002d1_ex99-1.htm (EX-99.1) — 11KB
- tm253002d1_8kimg001.jpg (GRAPHIC) — 5KB
- 0001104659-25-002897.txt ( ) — 322KB
- duk-20250110.xsd (EX-101.SCH) — 5KB
- duk-20250110_def.xml (EX-101.DEF) — 28KB
- duk-20250110_lab.xml (EX-101.LAB) — 41KB
- duk-20250110_pre.xml (EX-101.PRE) — 27KB
- tm253002d1_8k_htm.xml (XML) — 9KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Principal Executive Officer and Director of Duke Energy Corporation On January 13, 2025, Duke Energy Corporation ("Duke Energy" or the "Corporation") announced that Mr. Harry K. Sideris was appointed as the President and Chief Executive Officer and as a member of the Board of Directors of Duke Energy, effective April 1, 2025. Mr. Sideris, age 53, was President of Duke Energy since April 2024. Prior to that, Mr. Sideris served as Executive Vice President, Customer Experience, Solutions and Services from October 2019 until April 2024. Prior to that, he served as Senior Vice President and Chief Distribution Officer from June 2018 to October 2019; to January 2017; and Vice President of Power Generation for the Corporation's Fossil/Hydro Operations in the western portions of North Carolina and South Carolina from July 2012 to August 2014. Compensatory Arrangement with Harry K. Sideris In connection with the appointment of Mr. Sideris as Chief Executive Officer, on January 10, 2025 the independent members of the Board of Directors of the Corporation approved the following compensation levels: an annual base salary of $1,300,000, effective as of April 1, 2025, a short-term incentive opportunity equal to 150% of his annual base salary, and a long-term incentive opportunity equal to 750% of his annual base salary. Mr. Sideris will continue to participate in the compensation and benefit plans in which he was participating prior to his appointment. Mr. Sideris also will be permitted to use the Corporation's aircraft for his personal travel within North America, provided that he must reimburse the Corporation for the direct operating costs associated with such travel (
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1 Amendment to Change in Control Agreement between Harry K. Sideris and Duke Energy Corporation. 99.1 Duke Energy Corporation Press Release dated January 13, 2025. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). SIGNATURE 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. DUKE ENERGY CORPORATION Date: January 13, 2025 By: /s/ David S. Maltz Name: David S. Maltz Title: Vice President, Legal, Chief Governance Officer and Assistant Corporate Secretary