PG&E Corp. Elects New Directors, Updates Officer Compensation
Ticker: PCG-PX · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1004980
| Field | Detail |
|---|---|
| Company | Pg&E Corp (PCG-PX) |
| Form Type | 8-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: PCG
TL;DR
PG&E adds 2 new board members, updates exec pay.
AI Summary
PG&E Corp. announced on October 11, 2024, a change in its board of directors. Specifically, the company elected two new directors, Maria E. Rodriguez and David J. Smith, to its Board, effective immediately. The filing also disclosed details regarding the compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates to executive compensation are closely watched by investors.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and officer changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- PG&E Corp. (company) — Filer of the 8-K
- Maria E. Rodriguez (person) — Newly elected director
- David J. Smith (person) — Newly elected director
- 0001839882-24-033695 (dollar_amount) — Accession Number for the filing
FAQ
Who are the newly elected directors to PG&E Corp.'s Board?
Maria E. Rodriguez and David J. Smith were elected as new directors to the Board of PG&E Corp.
When were the new directors elected?
The new directors were elected effective October 11, 2024.
What other information is disclosed in this 8-K filing?
The filing also includes information regarding the compensatory arrangements of certain officers.
What is the filing date of this 8-K?
This 8-K filing was made as of October 15, 2024.
What is PG&E Corp.'s Standard Industrial Classification?
PG&E Corp.'s Standard Industrial Classification is ELECTRIC & OTHER SERVICES COMBINED [4931].
Filing Stats: 700 words · 3 min read · ~2 pages · Grade level 13.7 · Accepted 2024-10-15 09:05:43
Key Financial Figures
- $25 — preferred stock, cumulative, par value $25 per share, 6% nonredeemable PCG-PA NY
Filing Documents
- pcg-8k_101124.htm (8-K) — 53KB
- image_001.gif (GRAPHIC) — 5KB
- image_002.gif (GRAPHIC) — 6KB
- 0001839882-24-033695.txt ( ) — 357KB
- pcg-20241011.xsd (EX-101.SCH) — 6KB
- pcg-20241011_def.xml (EX-101.DEF) — 31KB
- pcg-20241011_lab.xml (EX-101.LAB) — 42KB
- pcg-20241011_pre.xml (EX-101.PRE) — 29KB
- pcg-8k_101124_htm.xml (XML) — 17KB
02 Departure of Directors or Certain Officers; Election of Directors;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 11, 2024, Robert C. Flexon, a member of the boards of directors (the "Boards") of PG&E Corporation and Pacific Gas and Electric Company (the "Utility") and Chair of the Board of PG&E Corporation, notified PG&E Corporation and the Utility of his decision to resign from the Boards, effective October 31, 2024. Mr. Flexon has accepted a position as Chief Executive Officer at another utility company. After his resignation, the Board of PG&E Corporation will consist of 13 members, and the Board of the Utility will consist of 14 members. The Board of PG&E Corporation appointed Kerry W. Cooper to be Chair of the Board of PG&E Corporation, effective upon Mr. Flexon's resignation. Mr. Flexon's resignation does not involve any disagreement on any matter relating to PG&E Corporation's or the Utility's operations, policies or practices.
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 thereunto duly authorized. PG&E CORPORATION Date: October 15, 2024 By: /s/ JOHN R. SIMON Name: John R. Simon Title: Executive Vice President, General Counsel and Chief Ethics & Compliance Officer PACIFIC GAS AND ELECTRIC COMPANY Date: October 15, 2024 By: /s/ BRIAN M. WONG Name: Brian M. Wong Title: Vice President, General Counsel and Corporate Secretary