TVA Reports Board Changes and Executive Compensation Adjustments
Ticker: TVC · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1376986
| Field | Detail |
|---|---|
| Company | Tennessee Valley Authority (TVC) |
| Form Type | 8-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $384,560, $600,000, $367,445, $342,870, $616,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
TVA board shake-up and exec pay changes filed. Watch for new leadership direction.
AI Summary
On January 13, 2025, the Tennessee Valley Authority (TVA) filed an 8-K report detailing changes in its board of directors and executive compensation. The filing indicates the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. Specific details on the individuals involved and the financial impact of these changes are outlined within the report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategic direction or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns internal governance and executive appointments, which typically carry a low direct financial risk to the company's operations.
Key Players & Entities
- Tennessee Valley Authority (company) — Registrant
- January 13, 2025 (date) — Date of Report
FAQ
Who are the specific directors or officers departing from the Tennessee Valley Authority?
The filing indicates the departure of certain officers and directors, but does not name them in the provided excerpt.
Were there any new directors elected to the TVA board?
Yes, the filing states that new directors were elected.
What specific changes were made to the compensatory arrangements of certain officers?
The filing mentions adjustments to compensatory arrangements for certain officers, but the specific details are not provided in this excerpt.
What is the primary purpose of this 8-K filing for the Tennessee Valley Authority?
The primary purpose is to report on the departure of directors/officers, election of directors, appointment of officers, and compensatory arrangements of certain officers.
What is the IRS Employer Identification Number for the Tennessee Valley Authority?
The IRS Employer Identification Number for the Tennessee Valley Authority is 62-0474417.
Filing Stats: 1,035 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2025-01-13 16:52:20
Key Financial Figures
- $384,560 — n, Mr. Rice's salary will increase from $384,560 to $600,000. He will continue to be a p
- $600,000 — s salary will increase from $384,560 to $600,000. He will continue to be a participant i
- $367,445 — year ending September 30, 2025, will be $367,445. These EAIP awards are contingent upon
- $342,870 — ts for these performance cycles will be $342,870, $616,000, and $893,444, respectively.
- $616,000 — se performance cycles will be $342,870, $616,000, and $893,444, respectively. LTP awards
- $893,444 — cycles will be $342,870, $616,000, and $893,444, respectively. LTP awards will vest upo
- $263,037 — he will receive aggregate LTR awards of $263,037, $355,074, and $407,667, respectively.
- $355,074 — ceive aggregate LTR awards of $263,037, $355,074, and $407,667, respectively. Mr. Rice
- $407,667 — e LTR awards of $263,037, $355,074, and $407,667, respectively. Mr. Rice will be a par
Filing Documents
- tve-20250113.htm (8-K) — 28KB
- tve-20250113_g1.jpg (GRAPHIC) — 59KB
- 0001376986-25-000004.txt ( ) — 317KB
- tve-20250113.xsd (EX-101.SCH) — 2KB
- tve-20250113_def.xml (EX-101.DEF) — 14KB
- tve-20250113_lab.xml (EX-101.LAB) — 24KB
- tve-20250113_pre.xml (EX-101.PRE) — 14KB
- tve-20250113_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. Tennessee Valley Authority (Registrant) Date: January 13, 2025 /s/ David B. Fountain David B. Fountain Executive Vice President and General Counsel