Pinnacle West Capital Names New CFO
Ticker: PNW · Form: 8-K · Filed: Dec 12, 2024 · CIK: 764622
| Field | Detail |
|---|---|
| Company | Pinnacle West Capital Corp (PNW) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $600,000 b, $1,000,000, $3,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo
Related Tickers: PNW
TL;DR
Pinnacle West Capital gets a new CFO, Greg J. Bernard, starting Jan 1, 2025.
AI Summary
Pinnacle West Capital Corp. announced on December 11, 2024, the appointment of a new Chief Financial Officer, Greg J. Bernard, effective January 1, 2025. Bernard will also serve as Senior Vice President of Pinnacle West. He previously held the role of Executive Vice President and CFO at NV5 Global, Inc.
Why It Matters
A change in CFO can signal shifts in financial strategy or operational focus, impacting investor confidence and the company's financial reporting.
Risk Assessment
Risk Level: low — This filing pertains to a routine executive appointment, which typically carries low inherent risk.
Key Players & Entities
- Pinnacle West Capital Corp. (company) — Filer
- Greg J. Bernard (person) — Appointed Chief Financial Officer
- January 1, 2025 (date) — Effective date of CFO appointment
- NV5 Global, Inc. (company) — Previous employer of new CFO
FAQ
Who is the new Chief Financial Officer of Pinnacle West Capital Corp.?
Greg J. Bernard has been appointed as the new Chief Financial Officer of Pinnacle West Capital Corp.
When does the new CFO appointment become effective?
The appointment of Greg J. Bernard as CFO is effective January 1, 2025.
What is Greg J. Bernard's new title at Pinnacle West Capital Corp.?
Greg J. Bernard will serve as Chief Financial Officer and Senior Vice President of Pinnacle West Capital Corp.
What was Greg J. Bernard's previous role?
Greg J. Bernard previously served as Executive Vice President and CFO at NV5 Global, Inc.
What is the filing date of this 8-K?
This 8-K filing was made on December 12, 2024.
Filing Stats: 1,087 words · 4 min read · ~4 pages · Grade level 11.2 · Accepted 2024-12-12 17:16:00
Key Financial Figures
- $600,000 b — s annual base salary will be reduced to $600,000 beginning on April 1, 2025. Mr. Guldner's
- $1,000,000 — r's annual base salary will increase to $1,000,000 on April 1, 2025, contingent upon him t
- $3,000,000 — award on April 1, 2025 in the amount of $3,000,000, in the form of a combination of perfor
Filing Documents
- pnw-20241211.htm (8-K) — 48KB
- ex991.htm (EX-99.1) — 13KB
- image_0.jpg (GRAPHIC) — 31KB
- 0000764622-24-000088.txt ( ) — 273KB
- pnw-20241211.xsd (EX-101.SCH) — 3KB
- pnw-20241211_def.xml (EX-101.DEF) — 14KB
- pnw-20241211_lab.xml (EX-101.LAB) — 26KB
- pnw-20241211_pre.xml (EX-101.PRE) — 15KB
- pnw-20241211_htm.xml (XML) — 5KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure A copy of the press release announcing these changes has been furnished as Exhibit 99.1 to this current report.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Registrant(s) Description 99.1 Pinnacle West Arizona Public Service Company Press Release, dated December 12, 2024 announcing the retirement of Jeffrey B. Guldner and the appointment of Theodore N. Geisler as Director, Chairman of the Board, President and Chief Executive Officer of Pinnacle West and Director, Chairman of the Board and Chief Executive Officer of APS 104 Pinnacle West Arizona Public Service Company 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, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PINNACLE WEST CAPITAL CORPORATION (Registrant) Dated: December 12, 2024 By: /s/ Robert E. Smith Robert E. Smith Executive Vice President, General Counsel and Chief Development Officer ARIZONA PUBLIC SERVICE COMPANY (Registrant) Dated: December 12, 2024 By: /s/ Robert E. Smith Robert E. Smith Executive Vice President, General Counsel and Chief Development Officer