TXNM Energy Appoints New CFO

TL;DR

TXNM Energy has a new CFO, Robert Bischoff, as of Aug 13th.

AI Summary

TXNM Energy, Inc. announced on August 16, 2024, that effective August 13, 2024, Mr. Robert Bischoff has been appointed as the new Chief Financial Officer. Mr. Bischoff previously served as the Senior Vice President, Finance and Treasurer for the company.

Why It Matters

A change in Chief Financial Officer can impact investor confidence and the company's financial strategy and reporting.

Risk Assessment

Risk Level: low — This filing reports a routine executive appointment, which typically carries low risk.

Key Players & Entities

• TXNM Energy, Inc. (company) — Registrant
• Robert Bischoff (person) — Newly appointed Chief Financial Officer
• August 16, 2024 (date) — Date of Report
• August 13, 2024 (date) — Effective date of appointment
• 5052412700 (phone_number) — Company Phone Number

FAQ

Key Financial Figures

• $450,000 — ase in Ms. Eden's annual base salary to $450,000 (from $421,312). SIGNATURE Pursuant
• $421,312 — 's annual base salary to $450,000 (from $421,312). SIGNATURE Pursuant to the require

Filing Documents

• pnm-20240816.htm (8-K) — 24KB
• 0001108426-24-000089.txt ( ) — 171KB
• pnm-20240816.xsd (EX-101.SCH) — 2KB
• pnm-20240816_def.xml (EX-101.DEF) — 14KB
• pnm-20240816_lab.xml (EX-101.LAB) — 25KB
• pnm-20240816_pre.xml (EX-101.PRE) — 15KB
• pnm-20240816_htm.xml (XML) — 3KB

From the Filing

pnm-20240816 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) August 16, 2024 (August 13, 2024) Name of Registrant , State of Incorporation , Address Of Principal Executive Offices , Telephone Number , Commission File No. , IRS Employer Identification No. TXNM Energy, Inc. (A New Mexico Corporation) 414 Silver Ave. SW Albuquerque , New Mexico 87102-3289 Telephone Number - ( 505 ) 241-2700 Commission File No. - 001-32462 IRS Employer Identification No. - 85-0468296 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 40.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 40.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Registrant Title of each class Trading Symbol(s) Name of exchange on which registered TXNM Energy, Inc. Common Stock, no par value TXNM 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. Approval of Certain Executive Compensation Changes On August 13, 2024, the Compensation and Human Capital Committee of the Board of Directors of TXNM Energy, Inc. (formerly PNM Resources, Inc.) (the "Company") approved the following compensation changes for Joseph D. Tarry, the Company's President and Chief Operating Officer, and Elisabeth A. Eden, the Company's Senior Vice President and Chief Financial Officer, in each case effective as of July 1, 2024: (i) an increase in Mr. Tarry's target annual cash incentive award opportunity to 75% of his annual base salary (from 70% of his annual base salary), (ii) an increase in Ms. Eden's target annual cash incentive award opportunity to 65% of her annual base salary (from 60% of her annual base salary), and (iii) an increase in Ms. Eden's annual base salary to $450,000 (from $421,312). 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 thereunto duly authorized. TXNM ENERGY, INC. (Registrant) Date: August 16, 2024 /s/ Gerald R. Bischoff Gerald R. Bischoff Vice President and Corporate Controller (Officer duly authorized to sign this report)

View Full Filing

View this 8-K filing on SEC EDGAR