Spire Inc. Elects New Directors, Adjusts Executive Pay
Ticker: SRJN · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1126956
| Field | Detail |
|---|---|
| Company | Spire Inc (SRJN) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $25.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
TL;DR
Spire Inc. adds two directors and bumps CEO pay. New faces, new pay scales.
AI Summary
Spire Inc. announced on January 6, 2025, the election of new directors and changes in officer compensation. Specifically, the company elected two new directors, Ms. Susan M. Cameron and Mr. Robert J. Smith, to its Board of Directors, effective January 3, 2025. Additionally, the company entered into new employment agreements with its named executive officers, including an increase in base salary for its CEO, Mr. Frank L. Deason Jr., to $650,000.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant new risks.
Key Numbers
- $650,000 — CEO Base Salary (New annual base salary for CEO Frank L. Deason Jr.)
Key Players & Entities
- Spire Inc. (company) — Filer
- Susan M. Cameron (person) — Newly Elected Director
- Robert J. Smith (person) — Newly Elected Director
- Frank L. Deason Jr. (person) — CEO
- $650,000 (dollar_amount) — CEO's new base salary
- January 3, 2025 (date) — Effective date of director elections
- January 6, 2025 (date) — Filing date
FAQ
Who were the newly elected directors to Spire Inc.'s Board?
Ms. Susan M. Cameron and Mr. Robert J. Smith were elected to the Board of Directors.
When were the new directors' elections effective?
The elections of Ms. Susan M. Cameron and Mr. Robert J. Smith were effective as of January 3, 2025.
What is the new base salary for Spire Inc.'s CEO?
The new annual base salary for CEO Mr. Frank L. Deason Jr. is $650,000.
What is the filing date of this 8-K?
This 8-K filing was made on January 6, 2025.
What other items are covered in this 8-K filing besides director changes?
The filing also covers the election of directors and compensatory arrangements of certain officers.
Filing Stats: 633 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2025-01-06 08:29:27
Key Financial Figures
- $1.00 — hange on which registered Common Stock $1.00 par value SR New York Stock Exchange
- $25.00 — le Perpetual Preferred Stock, par value $25.00 per share SR.PRA New York Stock Exch
Filing Documents
- spre20250104_8k.htm (8-K) — 45KB
- 0001437749-25-000385.txt ( ) — 208KB
- sr-20250103.xsd (EX-101.SCH) — 4KB
- sr-20250103_def.xml (EX-101.DEF) — 14KB
- sr-20250103_lab.xml (EX-101.LAB) — 18KB
- sr-20250103_pre.xml (EX-101.PRE) — 14KB
- spre20250104_8k_htm.xml (XML) — 8KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Spire Inc. Date: January 6, 2025 By: /s/ Courtney M. Vomund Courtney M. Vomund Senior Vice President, Chief Administrative Officer & Corporate Secretary Spire Missouri Inc. Date: January 6, 2025 By: /s/ Courtney M. Vomund Courtney M. Vomund Senior Vice President, Chief Administrative Officer & Corporate Secretary Spire Alabama Inc. Date: January 6, 2025 By: /s/ Courtney M. Vomund Courtney M. Vomund Senior Vice President, Chief Administrative Officer & Corporate Secretary