Entergy Corp. Elects New Directors, Updates CFO Employment Agreement

TL;DR

Entergy added two directors and updated CFO Harris's pay package.

AI Summary

Entergy Corp. announced on September 26, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Christopher J. Crane and Laura L. Petrone, to its Board, effective September 20, 2024. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Marcus J. Harris, which includes a base salary of $650,000 and potential for an annual incentive award.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and typically do not pose significant new risks.

Key Numbers

• 2 — New Directors Elected (Enhances board expertise and oversight.)
• $650,000 — CFO Base Salary (Details of the new employment agreement for Marcus J. Harris.)

Key Players & Entities

• Entergy Corp. (company) — Filer
• Christopher J. Crane (person) — Newly Elected Director
• Laura L. Petrone (person) — Newly Elected Director
• Marcus J. Harris (person) — Chief Financial Officer
• $650,000 (dollar_amount) — CFO's Base Salary

FAQ

Key Financial Figures

• $0.01 — red Entergy Corporation Common Stock, $0.01 Par Value ETR New York Stock Exchange
• $25 — lative, No Par Value (Liquidation Value $25 Per Share) ETI/PR New York Stock Exch

Filing Documents

• etr-20240920.htm (8-K) — 61KB
• 0000065984-24-000098.txt ( ) — 327KB
• etr-20240920.xsd (EX-101.SCH) — 5KB
• etr-20240920_def.xml (EX-101.DEF) — 23KB
• etr-20240920_lab.xml (EX-101.LAB) — 43KB
• etr-20240920_pre.xml (EX-101.PRE) — 23KB
• etr-20240920_htm.xml (XML) — 18KB

From the Filing

etr-20240920 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 Date of Report (Date of earliest event reported) September 20, 2024 Commission File Number Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No. Commission File Number Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No. 1-11299 ENTERGY CORPORATION 1-35747 ENTERGY NEW ORLEANS, LLC (a Delaware corporation) 639 Loyola Avenue New Orleans , Louisiana 70113 Telephone ( 504 ) 576-4000 (a Texas limited liability company) 1600 Perdido Street New Orleans , Louisiana 70112 Telephone ( 504 ) 670-3702 72-1229752 82-2212934 1-10764 ENTERGY ARKANSAS, LLC 1-34360 ENTERGY TEXAS, INC. (a Texas limited liability company) 425 West Capitol Avenue Little Rock , Arkansas 72201 Telephone ( 501 ) 377-4000 (a Texas corporation) 2107 Research Forest Drive The Woodlands , Texas 77380 Telephone ( 409 ) 981-2000 83-1918668 61-1435798 1-32718 ENTERGY LOUISIANA, LLC 1-31508 ENTERGY MISSISSIPPI, LLC (a Texas limited liability company) 4809 Jefferson Highway Jefferson , Louisiana 70121 Telephone ( 504 ) 576-4000 (a Texas limited liability company) 308 East Pearl Street Jackson , Mississippi 39201 Telephone ( 601 ) 368-5000 47-4469646 83-1950019 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: Registrant Title of Class Trading Symbol Name of Each Exchange on Which Registered Entergy Corporation Common Stock, $0.01 Par Value ETR New York Stock Exchange Common Stock, $0.01 Par Value ETR NYSE Chicago, Inc. Entergy Arkansas, LLC Mortgage Bonds, 4.875% Series due September 2066 EAI New York Stock Exchange Entergy Louisiana, LLC Mortgage Bonds, 4.875% Series due September 2066 ELC New York Stock Exchange Entergy Mississippi, LLC Mortgage Bonds, 4.90% Series due October 2066 EMP New York Stock Exchange Entergy New Orleans, LLC Mortgage Bonds, 5.0% Series due December 2052 ENJ New York Stock Exchange Mortgage Bonds, 5.50% Series due April 2066 ENO New York Stock Exchange Entergy Texas, Inc. 5.375% Series A Preferred Stock, Cumulative, No Par Value (Liquidation Value $25 Per Share) ETI/PR 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 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). 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 Roderick K. West, Group President, Utility Operations of Entergy Corporation (the "Company") and Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC and Entergy Texas, Inc. (collectively, the "Operating Company Registrants") and a member of the Board of Directors of the Operating Company Registrants, has advised the Company that he intends to retire on January 31, 2025, as part of a planned leadership transition. Effective November 1, 2024, Mr. West will transition from his role as Group President, Utility Operations of the Company and the Operating Company Registrants to a senior strategic advisory role to the Company, in which he will continue to report to the Company's Chief Executive Officer. Also effective November 1, 2024, Mr. West intends to resign his positions on the Boards of Directors of each of the Operating Company Registrants. It is anticipated that Kimberly A. Fontan, Executive Vice President and Chief Financial Officer of the Company and Entergy New Orleans, LLC, will be elected to fill the vacancy that will be thereby created on the Board of Directors of Entergy New Orleans, LLC. (d) Exhibits . Exhibit No. Description 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inlin