Eversource Energy CFO Employment Agreement
Ticker: ES · Form: 8-K · Filed: Dec 6, 2024 · CIK: 72741
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: ES
TL;DR
Eversource Energy locks in CFO Philip May with a new employment deal.
AI Summary
Eversource Energy announced on December 3, 2024, changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Financial Officer, Philip J. May, effective December 3, 2024. The agreement outlines his salary, bonus opportunities, and other compensation details.
Why It Matters
This filing details the compensation package for Eversource Energy's CFO, providing insight into the company's executive remuneration strategy and retention efforts.
Risk Assessment
Risk Level: low — The filing concerns routine executive compensation adjustments and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- Eversource Energy (company) — Registrant
- Philip J. May (person) — Chief Financial Officer
- December 3, 2024 (date) — Effective date of employment agreement
FAQ
What is the effective date of the new employment agreement for the CFO?
The new employment agreement for the Chief Financial Officer, Philip J. May, is effective as of December 3, 2024.
Who is the Chief Financial Officer of Eversource Energy?
Philip J. May is the Chief Financial Officer of Eversource Energy.
What type of filing is this for Eversource Energy?
This is a Form 8-K Current Report filed by Eversource Energy.
What is the primary subject of this 8-K filing?
The primary subject of this 8-K filing relates to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
In which state is Eversource Energy incorporated?
Eversource Energy is incorporated in Massachusetts.
Filing Stats: 506 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-12-06 16:15:15
Key Financial Figures
- $5.00 — ge on which registered Common Shares, $5.00 par value per share ES New York Stock
Filing Documents
- tm2430336d1_8k.htm (8-K) — 25KB
- tm2430336d1_ex10-1.htm (EX-10.1) — 307KB
- 0001104659-24-126307.txt ( ) — 558KB
- es-20241203.xsd (EX-101.SCH) — 3KB
- es-20241203_lab.xml (EX-101.LAB) — 33KB
- es-20241203_pre.xml (EX-101.PRE) — 22KB
- tm2430336d1_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d)Exhibits. Exhibit Number Description 10.1 Eversource Supplemental Executive Retirement Program, as amended to include the Eversource Supplemental Cash Balance Pension Plan, effective January 1, 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 the report to be signed on its behalf by the undersigned hereunto duly authorized. EVERSOURCE ENERGY (Registrant) December 6, 2024 By: /s/ Jay S. Buth Jay S. Buth Vice President, Controller and Chief Accounting Officer