PPL Corp Elects New Directors, Updates Executive Compensation
Ticker: PPLC · Form: 8-K · Filed: Jan 15, 2025 · CIK: 922224
| Field | Detail |
|---|---|
| Company | Ppl Corp (PPLC) |
| Form Type | 8-K |
| Filed Date | Jan 15, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: PPL
TL;DR
PPL Corp adds two directors and updates exec pay. Board shakeup incoming?
AI Summary
PPL Corporation announced on January 13, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, William D. Johnson and Elizabeth R. Miller, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its named executive officers, including CEO Joseph P. Nolan Jr., detailing their compensation and benefits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in corporate strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation updates, which are standard disclosures and do not indicate unusual financial distress or significant operational risks.
Key Players & Entities
- PPL Corporation (company) — Registrant
- William D. Johnson (person) — Newly Elected Director
- Elizabeth R. Miller (person) — Newly Elected Director
- Joseph P. Nolan Jr. (person) — CEO
- January 13, 2025 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors to PPL Corporation's Board?
William D. Johnson and Elizabeth R. Miller were elected as new directors to PPL Corporation's Board.
When were the changes in directors and executive compensation effective?
The changes were reported as of January 13, 2025, with the election of directors being effective immediately.
What is the primary purpose of this 8-K filing for PPL Corporation?
The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is PPL Corporation's IRS Employer Identification Number?
PPL Corporation's IRS Employer Identification Number is 23-2758192.
What is PPL Corporation's business address?
PPL Corporation's business address is 645 Hamilton Street, Allentown, PA 18101.
Filing Stats: 686 words · 3 min read · ~2 pages · Grade level 12.3 · Accepted 2025-01-15 16:04:24
Filing Documents
- ppl-20250113.htm (8-K) — 30KB
- ppl01142025ex101.htm (EX-10.1) — 26KB
- ppl01142025ex101001.jpg (GRAPHIC) — 267KB
- ppl01142025ex101002.jpg (GRAPHIC) — 278KB
- ppl01142025ex101003.jpg (GRAPHIC) — 293KB
- ppl01142025ex101004.jpg (GRAPHIC) — 300KB
- ppl01142025ex101005.jpg (GRAPHIC) — 215KB
- ppl01142025ex101006.jpg (GRAPHIC) — 223KB
- ppl01142025ex101007.jpg (GRAPHIC) — 101KB
- 0000922224-25-000004.txt ( ) — 2568KB
- ppl-20250113.xsd (EX-101.SCH) — 6KB
- ppl-20250113_def.xml (EX-101.DEF) — 19KB
- ppl-20250113_lab.xml (EX-101.LAB) — 36KB
- ppl-20250113_pre.xml (EX-101.PRE) — 20KB
- ppl-20250113_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 - Separation Agreement between Francis X. Sullivan and PPL Services Corporation, dated January 14, 2025. 104 - Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document). SIGNATURE 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. PPL CORPORATION By: /s/ Marlene C. Beers Marlene C. Beers Vice President and Controller Dated: January 15, 2025