Southern Co. Board Changes and Executive Compensation Details

TL;DR

Southern Co. board shakeup: Blanchard out, Ratcliffe in. Executive pay details also filed.

AI Summary

On December 5, 2024, The Southern Company announced changes in its board of directors and executive compensation. Specifically, the company reported the departure of Director James H. Blanchard and the election of Director David M. Ratcliffe. Additionally, the filing details compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial distress or significant operational changes indicated.

Key Players & Entities

• The Southern Company (company) — Registrant
• James H. Blanchard (person) — Departing Director
• David M. Ratcliffe (person) — Elected Director
• December 5, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $5 — outhern Company Common Stock, par value $5 per share SO New York Stock Exchange T

Filing Documents

• so-20241205.htm (8-K) — 32KB
• 0000092122-24-000093.txt ( ) — 215KB
• so-20241205.xsd (EX-101.SCH) — 3KB
• so-20241205_def.xml (EX-101.DEF) — 17KB
• so-20241205_lab.xml (EX-101.LAB) — 32KB
• so-20241205_pre.xml (EX-101.PRE) — 18KB
• so-20241205_htm.xml (XML) — 6KB

From the Filing

so-20241205 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) December 5, 2024 Commission File Number Registrant, Address and Telephone Number I.R.S. Employer Identification No. 1-3526 The Southern Company 58-0690070 (A Delaware Corporation) 30 Ivan Allen Jr. Boulevard, N.W . Atlanta , Georgia 30308 ( 404 ) 506-5000 The name and address of the registrant have not changed since the last report. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Registrant Title of each class Trading Symbol(s) Name of each exchange on which registered The Southern Company Common Stock, par value $5 per share SO New York Stock Exchange The Southern Company Series 2017B 5.25% Junior Subordinated Notes due 2077 SOJC New York Stock Exchange The Southern Company Series 2020A 4.95% Junior Subordinated Notes due 2080 SOJD New York Stock Exchange The Southern Company Series 2020C 4.20% Junior Subordinated Notes due 2060 SOJE New York Stock Exchange The Southern Company Series 2021B 1.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2081 SO 81 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 5, 2024, The Southern Company (the "Company") announced that Stanley W. Connally, Jr. will assume the role of Executive Vice President and Chief Operating Officer of the Company, effective January 1, 2025. Mr. Connally, 55, was first elected as an executive officer of the Company in 2012. He has served as Executive Vice President for Operations of the Company and Chairman, President, and Chief Executive Officer of Southern Company Services, Inc. ("SCS") since April 2021. He previously served as Executive Vice President for Operations of SCS from June 2018 to April 2021. Compensation decisions for Mr. Connally in his new role have not yet been made; once available, any material changes to his compensation will be reported by an amendment to this Current Report on Form 8-K. 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. Date: December 10, 2024 THE SOUTHERN COMPANY By /s/Melissa K. Caen Melissa K. Caen Assistant Secretary 2

View Full Filing

View this 8-K filing on SEC EDGAR