NiSource Inc. Elects New Directors, Updates Executive Compensation
Ticker: NI · Form: 8-K · Filed: Mar 19, 2024 · CIK: 1111711
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: NI
TL;DR
NiSource adds two directors to the board and tweaks exec pay.
AI Summary
On March 18, 2024, NiSource Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. Specifically, the filing announced the election of two new directors, Christopher J. Crane and Kevin T. Hickey, to the Board, effective March 15, 2024. The report also disclosed updates to the compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and compensation changes, not significant financial distress or operational disruptions.
Key Players & Entities
- NiSource Inc. (company) — Registrant
- Christopher J. Crane (person) — Newly Elected Director
- Kevin T. Hickey (person) — Newly Elected Director
- March 18, 2024 (date) — Date of Report
- March 15, 2024 (date) — Effective Date of Director Election
FAQ
Who were the new directors elected to NiSource Inc.'s Board?
Christopher J. Crane and Kevin T. Hickey were elected as new directors to the NiSource Inc. Board.
When did the election of the new directors become effective?
The election of Christopher J. Crane and Kevin T. Hickey became effective on March 15, 2024.
What other information is disclosed in this 8-K filing besides director changes?
The filing also discloses updates to the compensatory arrangements of certain officers.
What is the filing date for this 8-K report?
The filing date for this 8-K report is March 18, 2024.
What is the state of incorporation for NiSource Inc.?
NiSource Inc. is incorporated in Delaware.
Filing Stats: 844 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2024-03-19 16:29:43
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share NI NYSE Depositary Shar
- $25,000 — $0.01 per share, liquidation preference $25,000 per share and a 1/1,000th ownership int
- $275,000 — will receive an annualized retainer of $275,000, consisting of $110,000 in cash and an
- $110,000 — zed retainer of $275,000, consisting of $110,000 in cash and an award of restricted stoc
- $165,000 — ard of restricted stock units valued at $165,000 at the time of the award. The form of r
Filing Documents
- d784420d8k.htm (8-K) — 31KB
- d784420dex991.htm (EX-99.1) — 7KB
- g784420g0318171903751.jpg (GRAPHIC) — 6KB
- 0001193125-24-071351.txt ( ) — 202KB
- nix-20240318.xsd (EX-101.SCH) — 4KB
- nix-20240318_def.xml (EX-101.DEF) — 13KB
- nix-20240318_lab.xml (EX-101.LAB) — 21KB
- nix-20240318_pre.xml (EX-101.PRE) — 14KB
- d784420d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 NiSource Inc. Press Release dated March 19, 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 registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NiSource Inc. (Registrant) Date: March 19, 2024 By: /s/ Kimberly S. Cuccia Kimberly S. Cuccia Senior Vice President, General Counsel and Corporate Secretary