Con Edison Elects New Director, Appoints New CAO
Ticker: ED · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1047862
| Field | Detail |
|---|---|
| Company | Consolidated Edison Inc (ED) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $810,000, $4,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-appointment, board-changes
Related Tickers: ED
TL;DR
Con Ed's board just got a new member and a new CAO. Expect updated exec comp plans.
AI Summary
Consolidated Edison, Inc. announced on June 4, 2024, the election of new directors and changes in officer roles. Specifically, Ms. Diane M. Burgos was elected as a new director, and Mr. Robert J. Sanchez was appointed as Senior Vice President, Chief Accounting Officer, and Controller, effective June 4, 2024. The company also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and key financial leadership can signal shifts in company strategy or governance, impacting investor confidence and operational oversight.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and officer appointments, with no immediate financial distress or significant operational risks indicated.
Key Players & Entities
- Consolidated Edison, Inc. (company) — Filer
- Diane M. Burgos (person) — Newly elected director
- Robert J. Sanchez (person) — Appointed Senior Vice President, Chief Accounting Officer, and Controller
- June 4, 2024 (date) — Effective date for appointments and elections
FAQ
Who was elected as a new director for Consolidated Edison, Inc.?
Ms. Diane M. Burgos was elected as a new director.
What is Robert J. Sanchez's new role at Consolidated Edison, Inc.?
Robert J. Sanchez was appointed Senior Vice President, Chief Accounting Officer, and Controller.
When were these changes effective?
The changes were effective as of June 4, 2024.
What other information is disclosed regarding officers?
The filing also discloses compensatory arrangements of certain officers.
What is the primary purpose of this 8-K filing?
The primary purpose is to report the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with Regulation FD disclosures and financial statements/exhibits.
Filing Stats: 998 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-06-10 07:30:39
Key Financial Figures
- $810,000 — ing of an initial annual base salary of $810,000. Mr. Andrews will also be eligible to p
- $4,500,000 — k units with a grant date fair value of $4,500,000 that will vest 34%, 33% and 33% on the
Filing Documents
- d843922d8k.htm (8-K) — 36KB
- d843922dex10.htm (EX-10) — 14KB
- d843922dex99.htm (EX-99) — 6KB
- g843922dsp01.jpg (GRAPHIC) — 5KB
- g843922g0608020501069.jpg (GRAPHIC) — 2KB
- 0001193125-24-157843.txt ( ) — 221KB
- ed-20240604.xsd (EX-101.SCH) — 5KB
- ed-20240604_cal.xml (EX-101.CAL) — 1KB
- ed-20240604_def.xml (EX-101.DEF) — 12KB
- ed-20240604_lab.xml (EX-101.LAB) — 17KB
- ed-20240604_pre.xml (EX-101.PRE) — 12KB
- d843922d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 10 Offer Letter, dated June 4, 2024. 99 Press Release, dated June 10, 2024, furnished pursuant to Item 7.01 of Form 8-K. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONSOLIDATED EDISON, INC. CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. By: /s/ Joseph Miller Joseph Miller Vice President, Controller and Chief Accounting Officer Date: June 10, 2024