Xcel Energy Elects New Directors, Updates Executive Pay
Ticker: XELLL · Form: 8-K · Filed: Jan 23, 2025 · CIK: 72903
| Field | Detail |
|---|---|
| Company | Xcel Energy Inc (XELLL) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-of-directors, executive-compensation
Related Tickers: XEL
TL;DR
Xcel Energy adds 2 directors to the board, updates exec pay.
AI Summary
Xcel Energy Inc. announced on January 20, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Robert W. Funk and David G. S. Campbell, to its Board, effective immediately. The filing also details updates to the compensatory arrangements for its named executive officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters such as board appointments and compensation, which typically carry low inherent risk.
Key Players & Entities
- Xcel Energy Inc. (company) — Registrant
- Robert W. Funk (person) — Newly Elected Director
- David G. S. Campbell (person) — Newly Elected Director
- January 20, 2025 (date) — Date of earliest event reported
- Minnesota (location) — State of incorporation
- 414 Nicollet Mall Minneapolis Minnesota 55401 (address) — Principal Executive Offices
FAQ
Who were the new directors elected to Xcel Energy's Board?
Robert W. Funk and David G. S. Campbell were elected as new directors to Xcel Energy's Board.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on January 20, 2025.
What is Xcel Energy Inc.'s state of incorporation?
Xcel Energy Inc. is incorporated in Minnesota.
What is the address of Xcel Energy's Principal Executive Offices?
The address of Xcel Energy's Principal Executive Offices is 414 Nicollet Mall Minneapolis Minnesota 55401.
What items are covered in this Form 8-K filing?
This Form 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 772 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2025-01-23 16:45:41
Key Financial Figures
- $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
Filing Documents
- xel-20250120.htm (8-K) — 31KB
- exhibit1001-summaryofnonem.htm (EX-10.01) — 6KB
- exhibit9901-pressrelease12.htm (EX-99.01) — 7KB
- image_0.jpg (GRAPHIC) — 83KB
- 0000072903-25-000017.txt ( ) — 317KB
- xel-20250120.xsd (EX-101.SCH) — 2KB
- xel-20250120_def.xml (EX-101.DEF) — 15KB
- xel-20250120_lab.xml (EX-101.LAB) — 26KB
- xel-20250120_pre.xml (EX-101.PRE) — 16KB
- xel-20250120_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.01 Summary of Non-Employee Director Compensation, effective as of May 24, 2023 99.01 Press Release dated January 23, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 hereunto duly authorized. January 23, 2025 Xcel Energy Inc. (a Minnesota corporation) /s/ AMY SCHNEIDER Amy Schneider Vice President, Corporate Secretary and Securities