Exelon, ComEd Report Officer Comp Changes, Director Shifts
Ticker: EXC · Form: 8-K · Filed: Feb 6, 2024 · CIK: 1109357
| Field | Detail |
|---|---|
| Company | Exelon CORP (EXC) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $685,000, $1,765,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: compensatory-arrangements, director-changes, officer-changes, governance
TL;DR
**Exelon and ComEd just updated executive pay and board members, signaling potential leadership shifts.**
AI Summary
Exelon Corporation and its subsidiary, Commonwealth Edison Company, filed an 8-K on February 6, 2024, to report changes in compensatory arrangements for certain officers and the departure or election of directors. This filing indicates potential shifts in executive compensation structures and board composition, which could impact the company's governance and financial performance. Investors should monitor these changes as they may signal strategic adjustments or new leadership directions for Exelon and Commonwealth Edison.
Why It Matters
Changes in executive compensation and board composition can influence a company's strategic direction, operational efficiency, and ultimately, its stock performance. Investors should pay attention to these shifts as they reflect governance and leadership stability.
Risk Assessment
Risk Level: medium — Changes in executive compensation and board structure can introduce uncertainty regarding future leadership and strategic direction, posing a moderate risk to investors.
Analyst Insight
Investors should monitor subsequent filings for specific details on executive compensation changes and new board appointments, as these can influence future company strategy and performance. This filing is a notification of changes, not the details themselves.
Key Numbers
- 2024-02-06 — Date of Report (The date the earliest event reported in the 8-K occurred.)
- 001-16169 — Exelon Commission File Number (Identifies Exelon's specific filing with the SEC.)
- 001-01839 — Commonwealth Edison Commission File Number (Identifies Commonwealth Edison's specific filing with the SEC.)
Key Players & Entities
- EXELON CORPORATION (company) — Registrant in the 8-K filing
- COMMONWEALTH EDISON COMPANY (company) — Registrant in the 8-K filing
- February 6, 2024 (date) — Date of earliest event reported and filing date
- 001-16169 (number) — Commission File Number for EXELON CORPORATION
- 001-01839 (number) — Commission File Number for COMMONWEALTH EDISON COMPANY
Forward-Looking Statements
- Exelon Corporation will announce specific details regarding the new compensatory arrangements for officers within the next quarter. (EXELON CORPORATION) — medium confidence, target: 2024-05-06
- Commonwealth Edison Company will disclose the names of any newly elected directors or appointed officers in a subsequent filing. (COMMONWEALTH EDISON COMPANY) — medium confidence, target: 2024-08-06
FAQ
What specific items were reported in the 8-K filing by Exelon Corporation and Commonwealth Edison Company?
The 8-K filing reported 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' as per the Item Information section.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 6, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
What is the state of incorporation for Exelon Corporation?
Exelon Corporation is a Pennsylvania corporation, as indicated by '(a Pennsylvania corporation)' in the filing.
What is the state of incorporation for Commonwealth Edison Company?
Commonwealth Edison Company is an Illinois corporation, as indicated by '(an Illinois corporation)' in the filing.
What is the business phone number for Exelon Corporation?
The business phone number for Exelon Corporation is (800) 483-3220, as listed in the filing.
Filing Stats: 763 words · 3 min read · ~3 pages · Grade level 13.6 · Accepted 2024-02-06 16:10:30
Key Financial Figures
- $685,000 — pensation will include a base salary of $685,000, an annual incentive program target opp
- $1,765,000 — g-term incentive target award valued at $1,765,000, consistent with the terms of the Exelo
Filing Documents
- exc-20240206.htm (8-K) — 44KB
- exc-20240206ex991.htm (EX-99.1) — 9KB
- exc-20240206ex991001.jpg (GRAPHIC) — 255KB
- exc-20240206ex991002.jpg (GRAPHIC) — 281KB
- exc-20240206ex991003.jpg (GRAPHIC) — 118KB
- 0001109357-24-000042.txt ( ) — 1170KB
- exc-20240206.xsd (EX-101.SCH) — 4KB
- exc-20240206_def.xml (EX-101.DEF) — 22KB
- exc-20240206_lab.xml (EX-101.LAB) — 43KB
- exc-20240206_pre.xml (EX-101.PRE) — 22KB
- exc-20240206_htm.xml (XML) — 7KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press Release 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * * * * *
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. EXELON CORPORATION /s/ Gayle Littleton Gayle Littleton Executive Vice President, Chief Legal Officer, and Secretary Exelon Corporation COMMONWEALTH EDISON COMPANY /s/ Gayle Littleton Gayle Littleton Corporate Secretary Commonwealth Edison Company February 6, 2024 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)