Pinnacle West Capital Corp. Elects New Directors
Ticker: PNW · Form: 8-K · Filed: 2024-06-20T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: PNW
TL;DR
PNW adds 2 directors to the board, exec comp changes filed.
AI Summary
Pinnacle West Capital Corp. announced on June 19, 2024, the election of two new directors, Sarah J. Bates and David L. Soderberg, to its Board of Directors, effective immediately. The company also disclosed changes to its executive compensation arrangements for certain officers, though specific details on these arrangements were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while executive compensation adjustments directly impact the financial incentives for leadership.
Risk Assessment
Risk Level: low — The filing primarily concerns board appointments and executive compensation disclosures, which are routine corporate governance events.
Key Players & Entities
- Pinnacle West Capital Corp. (company) — Filer
- Sarah J. Bates (person) — Newly elected director
- David L. Soderberg (person) — Newly elected director
- Arizona Public Service Co (company) — Subsidiary of Pinnacle West Capital Corp.
FAQ
Who are the newly elected directors to Pinnacle West Capital Corp.'s Board?
Sarah J. Bates and David L. Soderberg were elected to the Board of Directors.
When were the new directors elected?
The election of the new directors was effective as of June 19, 2024.
What other significant information is disclosed in this 8-K filing?
The filing also discloses compensatory arrangements of certain officers.
What is the primary business of Pinnacle West Capital Corp. and its subsidiary?
Pinnacle West Capital Corp. is in Electric Services (SIC 4911), and its subsidiary Arizona Public Service Co. is in Electric & Other Services Combined (SIC 4931).
What is the fiscal year end for Pinnacle West Capital Corp.?
The fiscal year end for Pinnacle West Capital Corp. is December 31.
Filing Stats: 784 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-06-20 16:32:46
Filing Documents
- pnw-20240619.htm (8-K) — 42KB
- a8-kpnw062024exhibit991.htm (EX-99.1) — 11KB
- a2q2020earningsfinal0_imag.jpg (GRAPHIC) — 31KB
- 0000764622-24-000060.txt ( ) — 265KB
- pnw-20240619.xsd (EX-101.SCH) — 3KB
- pnw-20240619_def.xml (EX-101.DEF) — 14KB
- pnw-20240619_lab.xml (EX-101.LAB) — 26KB
- pnw-20240619_pre.xml (EX-101.PRE) — 15KB
- pnw-20240619_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Registrant(s) Description 99.1 Pinnacle West Arizona Public Service Company P ress release , dated June 20, 2024, issued by P innacle West (This exhibit is furn ished not filed). 104 Pinnacle West Arizona Public Service Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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: June 20, 2024 By: /s/ Robert E. Smith Robert E. Smith Executive Vice President, General Counsel and Chief Development Officer ARIZONA PUBLIC SERVICE COMPANY (Registrant) Dated: June 20, 2024 By: /s/ Robert E. Smith Robert E. Smith Executive Vice President, General Counsel and Chief Development Officer