NiSource Inc. Reports Board and Executive Compensation Changes
Ticker: NI · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1111711
| Field | Detail |
|---|---|
| Company | Nisource INC. (NI) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: NI
TL;DR
NiSource board shakeup and exec pay changes filed. Watch for governance shifts.
AI Summary
On January 22, 2025, NiSource Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates a departure of directors and the election of new ones, alongside updates to the compensatory arrangements for certain officers. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in board and executive roles can indicate underlying strategic shifts or governance issues that may impact future performance.
Key Players & Entities
- NiSource Inc. (company) — Registrant
- January 22, 2025 (date) — Date of earliest event reported
- DE (jurisdiction) — State of incorporation
- 001-16189 (filing_number) — Commission File Number
- 35-2108964 (tax_id) — I.R.S. Employer Identification No.
- 801 East 86th Avenue (address) — Principal executive offices
- Merrillville, IN 46410 (location) — Principal executive offices location
FAQ
What specific changes were made to NiSource Inc.'s board of directors?
The filing indicates the departure of directors and the election of new directors, as detailed in Item 5.02 of the report.
What are the key aspects of the updated compensatory arrangements for certain officers?
The filing addresses changes to the compensatory arrangements of certain officers under Item 5.02, with specific details to be provided within the report.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on January 22, 2025.
What is NiSource Inc.'s state of incorporation and IRS Employer Identification Number?
NiSource Inc. is incorporated in Delaware (DE) and its IRS Employer Identification Number is 35-2108964.
Where are NiSource Inc.'s principal executive offices located?
NiSource Inc.'s principal executive offices are located at 801 East 86th Avenue, Merrillville, IN 46410.
Filing Stats: 524 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2025-01-24 16:40:16
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share NI NYSE Indicate by chec
- $2 million — ive an aggregate equity award valued at $2 million on the date of grant, consisting of 52,
Filing Documents
- d927837d8k.htm (8-K) — 25KB
- 0001193125-25-012250.txt ( ) — 141KB
- ni-20250122.xsd (EX-101.SCH) — 3KB
- ni-20250122_lab.xml (EX-101.LAB) — 17KB
- ni-20250122_pre.xml (EX-101.PRE) — 11KB
- d927837d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Form of RSU Award Agreement (for awards on or after 2024) (incorporated by reference to Exhibit 10.3 of the NiSource Inc. Form 8-K filed on January 26, 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: January 24, 2025 By: /s/ Kimberly S. Cuccia Kimberly S. Cuccia Senior Vice President, General Counsel and Corporate Secretary