TXNM Energy Board Changes Announced
Ticker: TXNM · Form: 8-K · Filed: Sep 25, 2024 · CIK: 1108426
| Field | Detail |
|---|---|
| Company | Txnm Energy Inc (TXNM) |
| Form Type | 8-K |
| Filed Date | Sep 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, management-changes, governance
TL;DR
TXNM Energy shakes up its board, new directors in, some execs out.
AI Summary
TXNM Energy, Inc. announced on September 25, 2024, a change in its board of directors, effective September 20, 2024. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key personnel.
Why It Matters
Changes in a company's board of directors can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- TXNM Energy, Inc. (company) — Registrant
- September 25, 2024 (date) — Date of Report
- September 20, 2024 (date) — Date of earliest event reported
- 414 Silver Ave. SW Albuquerque, New Mexico 87102-3289 (address) — Principal Executive Offices
- 5052412700 (phone_number) — Business Phone Number
FAQ
What specific items are being reported under the 8-K filing?
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 the effective date of the earliest event reported?
The earliest event reported is effective September 20, 2024.
What is the principal executive office address for TXNM Energy, Inc.?
The principal executive office address is 414 Silver Ave. SW Albuquerque, New Mexico 87102-3289.
What is the Commission File Number for TXNM Energy, Inc.?
The Commission File Number for TXNM Energy, Inc. is 001-32462.
What is the SIC code for TXNM Energy, Inc.?
The Standard Industrial Classification (SIC) code for TXNM Energy, Inc. is 4911, which corresponds to Electric Services.
Filing Stats: 453 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-09-25 07:07:13
Filing Documents
- pnm-20240925.htm (8-K) — 24KB
- 0001108426-24-000091.txt ( ) — 170KB
- pnm-20240925.xsd (EX-101.SCH) — 2KB
- pnm-20240925_def.xml (EX-101.DEF) — 14KB
- pnm-20240925_lab.xml (EX-101.LAB) — 25KB
- pnm-20240925_pre.xml (EX-101.PRE) — 15KB
- pnm-20240925_htm.xml (XML) — 3KB
From the Filing
pnm-20240925 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) September 25, 2024 (September 20, 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. On September 20, 2024, Ms. Elisabeth A. Eden announced her intention to retire as Senior Vice President and Chief Financial Officer of TXNM Energy, Inc., a New Mexico corporation ("TXNM"), effective as of a date that is mutually agreeable between Ms. Eden and TXNM after a suitable successor is identified, currently anticipated to be no sooner than March 15, 2025 (the "Effective Date"). Ms. Eden will continue to serve in her role through the Effective Date. 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: September 25, 2024 /s/ Gerald R. Bischoff Gerald R. Bischoff Vice President and Corporate Controller (Officer duly authorized to sign this report)