Sempra CEO Martin's Employment Agreement Updated

TL;DR

Sempra updated CEO Jeffrey Martin's employment agreement, effective June 19, 2024.

AI Summary

On June 19, 2024, Sempra announced changes to its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Executive Officer, Jeffrey W. Martin, effective June 19, 2024. The agreement outlines his compensation and other terms of employment.

Why It Matters

This filing details the updated employment terms for Sempra's CEO, providing transparency on executive compensation and potential future financial implications for the company.

Risk Assessment

Risk Level: low — The filing primarily concerns executive employment agreements, which typically have a low direct impact on the company's overall financial risk.

Key Players & Entities

• Sempra (company) — Registrant
• Jeffrey W. Martin (person) — Chief Executive Officer
• June 19, 2024 (date) — Effective date of employment agreement

FAQ

Key Financial Figures

• $25 — 75% Junior Subordinated Notes Due 2079, $25 par value SREA New York Stock Exchange

Filing Documents

• sempra-20240619.htm (8-K) — 27KB
• sempra-20240619_g1.jpg (GRAPHIC) — 119KB
• 0001032208-24-000021.txt ( ) — 487KB
• sempra-20240619.xsd (EX-101.SCH) — 3KB
• sempra-20240619_def.xml (EX-101.DEF) — 15KB
• sempra-20240619_lab.xml (EX-101.LAB) — 27KB
• sempra-20240619_pre.xml (EX-101.PRE) — 16KB
• sempra-20240619_htm.xml (XML) — 4KB

From the Filing

sempra-20240619 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 June 19, 2024 Date of Report (Date of earliest event reported) Sempra (Exact name of registrant as specified in its charter) California 1-14201 33-0732627 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 488 8th Avenue , San Diego , California 92101 (619) 696-2000 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report.) 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 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Sempra Common Stock, without par value SRE New York Stock Exchange Sempra 5.75% Junior Subordinated Notes Due 2079, $25 par value SREA 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 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). 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 . DIRECTOR APPOINTMENT On June 19, 2024, Sempra's Board of Directors (the "Board") appointed Jennifer M. Kirk, age 49, to serve on the Board. In connection with the appointment, the Board (i) named Ms. Kirk to serve on the Board's Audit Committee and Safety, Sustainability and Technology Committee, (ii) reviewed and affirmatively determined that Ms. Kirk is an independent director under the independence standards for directors and for audit committees established by the New York Stock Exchange, and (iii) determined that Ms. Kirk is an audit committee financial expert as defined by the rules of the U.S. Securities and Exchange Commission ("SEC"). The appointment and committee assignments are effective on June 20, 2024. Ms. Kirk will participate in Sempra's standard compensation program for non-employee directors, as described in Sempra's proxy statement filed with the SEC on March 25, 2024. 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. SEMPRA, (Registrant) Date: June 20, 2024 By: /s/ Peter R. Wall Peter R. Wall Senior Vice President, Controller and Chief Accounting Officer