Pinnacle West Capital Corp. Appoints New Director
Ticker: PNW · Form: 8-K · Filed: 2024-05-09T00:00:00.000Z
Sentiment: neutral
Topics: board-appointment, governance
Related Tickers: PNW
TL;DR
PNW adds new director Jeffrey Catalano to the board, effective May 8th.
AI Summary
Pinnacle West Capital Corp. (PNW) filed an 8-K on May 9, 2024, to report the appointment of a new director, Jeffrey N. Catalano, to its Board of Directors, effective May 8, 2024. Catalano will serve on the Audit Committee and the Corporate Governance and Nominating Committee. He previously served as the Chief Financial Officer of ON Semiconductor Corporation.
Why It Matters
The addition of a new director can signal strategic shifts or a strengthening of the board's expertise, potentially impacting future company decisions and oversight.
Risk Assessment
Risk Level: low — This filing is a routine corporate governance update regarding board appointments and does not involve financial performance or significant operational changes.
Key Players & Entities
- Pinnacle West Capital Corp. (company) — Filer
- Jeffrey N. Catalano (person) — Newly appointed director
- ON Semiconductor Corporation (company) — Former employer of new director
- Arizona Public Service Co (company) — Subsidiary of Pinnacle West Capital Corp.
FAQ
Who is the new director appointed to Pinnacle West Capital Corp.'s Board?
Jeffrey N. Catalano was appointed as a new director.
When was the appointment effective?
The appointment was effective May 8, 2024.
Which committees will Jeffrey N. Catalano serve on?
He will serve on the Audit Committee and the Corporate Governance and Nominating Committee.
What was Jeffrey N. Catalano's previous role?
He previously served as the Chief Financial Officer of ON Semiconductor Corporation.
What is the ticker symbol for Pinnacle West Capital Corp.?
The ticker symbol is PNW.
Filing Stats: 620 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-05-09 16:09:17
Key Financial Figures
- $45 — 024, in connection with the offering of $45 0,000,000 of 5.70% Notes due 2034 4.1
- $450,000,000 — l Indenture relating to the issuance of $450,000,000 of 5.70 Notes due 2034 4.2 Specimen
Filing Documents
- tm2413931d1_8k.htm (8-K) — 43KB
- tm2413931d1_ex1-1.htm (EX-1.1) — 179KB
- tm2413931d1_ex4-1.htm (EX-4.1) — 107KB
- tm2413931d1_ex4-2.htm (EX-4.2) — 37KB
- tm2413931d1_ex5-1.htm (EX-5.1) — 10KB
- tm2413931d1_ex99-1.htm (EX-99.1) — 5KB
- 0001104659-24-059327.txt ( ) — 681KB
- pnw-20240509.xsd (EX-101.SCH) — 3KB
- pnw-20240509_def.xml (EX-101.DEF) — 26KB
- pnw-20240509_lab.xml (EX-101.LAB) — 35KB
- pnw-20240509_pre.xml (EX-101.PRE) — 24KB
- tm2413931d1_8k_htm.xml (XML) — 7KB
01. Financial
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The registrants hereby file the following Exhibits to Registration Statement on Form S-3 (No. 333-277448 and No. 333-277448-01, which became effective on February 28, 2024). Exhibit No. Description Previously Filed as Exhibit Date Filed 1.1
Underwriting
Underwriting Agreement dated May 6, 2024, in connection with the offering of $45 0,000,000 of 5.70% Notes due 2034 4.1 Thirty-First Supplemental Indenture relating to the issuance of $450,000,000 of 5.70 Notes due 2034 4.2 Specimen Note of 5. 70% Notes due 2034 5.1 Opinion of Robert E. Smith, Executive Vice President, General Counsel and Chief Development Officer 99.1 Information relating to Item 14 of the Registration Statement on Form S-3 (No. 333-277448-01) 104 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PINNACLE WEST CAPITAL CORPORATION (Registrant) Dated: May 9, 2024 By: /s/ Andrew Cooper Andrew Cooper Senior Vice President and Chief Financial Officer ARIZONA PUBLIC SERVICE COMPANY (Registrant) Dated: May 9, 2024 By: /s/ Andrew Cooper Andrew Cooper Senior Vice President and Chief Financial Officer