Txnm Energy Inc 8-K Filing

FAQ

Key Financial Figures

• $100 million — e Pension Transfer would transfer up to $100 million of the Plan's pension obligations, toge
• $65 m — h charge to net income of approximately $65 million, or $50 million on an after-tax b
• $50 million — income of approximately $65 million, or $50 million on an after-tax basis. There can be no

Filing Documents

• pnm-20251202.htm (8-K) — 33KB
• 0001108426-25-000118.txt ( ) — 183KB
• pnm-20251202.xsd (EX-101.SCH) — 2KB
• pnm-20251202_def.xml (EX-101.DEF) — 14KB
• pnm-20251202_lab.xml (EX-101.LAB) — 26KB
• pnm-20251202_pre.xml (EX-101.PRE) — 15KB
• pnm-20251202_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On December 2, 2025, TXNM Energy, Inc. (the "Company") commenced marketing for a potential offering of fixed-to-fixed reset rate junior subordinated notes (the "Notes") in a private offering (1) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and (2) outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act (the "Junior Subordinated Notes Offering"). On December 2, 2025, the Company provided the following information in a preliminary offering memorandum related to the Junior Subordinated Notes Offering: The Company and its wholly-owned subsidiary, Public Service Company of New Mexico ("PNM"), are evaluating a potential pension risk transfer transaction (the "Pension Transfer") that would involve the purchase of one or more group annuity contracts from an insurance company to assume a portion of the obligations under the PNM Resources, Inc. Employees' Retirement Plan (the "Plan") related to PNM's previously disposed of gas distribution business. If completed, the Pension Transfer would transfer up to $100 million of the Plan's pension obligations, together with a corresponding amount of Plan assets for certain retirees and beneficiaries. Any annuity contract would be purchased using assets held in the Plan's trust and PNM does not currently anticipate making any additional cash contributions to the Plan in connection with the Pension Transfer. Following any such annuity purchase, an insurer would be responsible for making future benefit payments to the covered retirees and beneficiaries in accordance with the terms of the annuity contract. Assuming completion of the Pension Transfer, the Company and PNM expect to incur a non-cash charge to net income of approximately $65 million, or $50 million on an after-tax basis. There can be no assurance the Pension Transfer will be c

Forward-Looking Statements

Forward-Looking Statements SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. TXNM ENERGY, INC. PUBLIC SERVICE COMPANY OF NEW MEXICO (Registrants) Date: December 2, 2025 /s/ Gerald R. Bischoff Gerald R. Bischoff Vice President and Corporate Controller (Officer duly authorized to sign this repor

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