Evergy Appoints New CFO, Details Compensation
Ticker: EVRG · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1711269
| Field | Detail |
|---|---|
| Company | Evergy, INC. (EVRG) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $344,000, $50,000, $175,000, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: EVRG
TL;DR
Evergy names David Campbell new CFO, paying him $525k base + bonus + stock.
AI Summary
Evergy, Inc. announced on June 4, 2024, the appointment of David J. Campbell as Chief Financial Officer, effective June 10, 2024. Campbell will receive an annual base salary of $525,000 and a target annual bonus of 100% of his base salary. He will also be granted restricted stock units with a target value of $1,000,000, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The disclosed compensation provides insight into the company's investment in key executive talent.
Risk Assessment
Risk Level: low — This filing primarily concerns executive appointments and compensation, which are routine corporate events with limited immediate financial risk.
Key Numbers
- $525,000 — CFO Base Salary (Annual compensation for David J. Campbell)
- 100% — CFO Bonus Target (Annual bonus potential for David J. Campbell)
- $1,000,000 — CFO Stock Grant Value (Target value of restricted stock units for David J. Campbell)
Key Players & Entities
- Evergy, Inc. (company) — Filer
- David J. Campbell (person) — Appointed Chief Financial Officer
- $525,000 (dollar_amount) — Annual base salary for new CFO
- 100% (dollar_amount) — Target annual bonus percentage for new CFO
- $1,000,000 (dollar_amount) — Target value of restricted stock units for new CFO
- June 10, 2024 (date) — Effective date of CFO appointment
- June 4, 2024 (date) — Date of announcement
FAQ
What is David J. Campbell's annual base salary as the new CFO of Evergy?
David J. Campbell's annual base salary is $525,000.
What is the target annual bonus percentage for the new CFO?
The target annual bonus is 100% of his base salary.
When is David J. Campbell's appointment as CFO effective?
His appointment is effective June 10, 2024.
What is the target value of the restricted stock units granted to the new CFO?
The target value of the restricted stock units is $1,000,000.
How long do the restricted stock units granted to the new CFO vest?
The restricted stock units vest over three years.
Filing Stats: 1,348 words · 5 min read · ~4 pages · Grade level 10.8 · Accepted 2024-06-10 07:31:07
Key Financial Figures
- $344,000 — ceive his current annual base salary of $344,000 and will continue to participate in the
- $50,000 — 024: (i) two cash retention payments of $50,000 (payable June 21, 2024) and $175,000 (p
- $175,000 — of $50,000 (payable June 21, 2024) and $175,000 (payable March 15, 2025) and (ii) an aw
- $250,000 — 1/3 per year with an aggregate value of $250,000. As a current officer of the Evergy Co
Filing Documents
- d819221d8k.htm (8-K) — 54KB
- d819221dex991.htm (EX-99.1) — 17KB
- g819221g0607072648032.jpg (GRAPHIC) — 3KB
- g819221g0607072648175.jpg (GRAPHIC) — 2KB
- 0001193125-24-157846.txt ( ) — 244KB
- evrg-20240604.xsd (EX-101.SCH) — 5KB
- evrg-20240604_cal.xml (EX-101.CAL) — 1KB
- evrg-20240604_def.xml (EX-101.DEF) — 12KB
- evrg-20240604_lab.xml (EX-101.LAB) — 17KB
- evrg-20240604_pre.xml (EX-101.PRE) — 13KB
- d819221d8k_htm.xml (XML) — 8KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release of Evergy, Inc., dated June 10, 2024. 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, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. EVERGY, INC. By: /s/ Heather A. Humphrey Name: Heather A. Humphrey Title: Senior Vice President, General Counsel and Corporate Secretary EVERGY KANSAS CENTRAL, INC. By: /s/ Heather A. Humphrey Name: Heather A. Humphrey Title: Senior Vice President, General Counsel and Corporate Secretary EVERGY METRO, INC. By: /s/ Heather A. Humphrey Name: Heather A. Humphrey Title: Senior Vice President, General Counsel and Corporate Secretary Date: June 10, 2024