Sempra Energy Announces Executive and Board Changes

TL;DR

Sempra's board and exec team shuffled, with new directors and comp changes.

AI Summary

Sempra Energy announced on February 8, 2025, changes in its executive team and board of directors. Key personnel changes include the election of new directors and adjustments to officer roles, alongside updates to executive compensation arrangements.

Why It Matters

Changes in leadership and compensation can signal shifts in company strategy or financial priorities, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which typically carry low immediate risk.

Key Players & Entities

• Sempra (company) — Registrant
• California (location) — State of incorporation
• San Diego (location) — Principal executive offices city
• February 8, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

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

Filing Documents

• sempra-20250208.htm (8-K) — 29KB
• sempra-20250208_g1.jpg (GRAPHIC) — 119KB
• 0001032208-25-000002.txt ( ) — 489KB
• sempra-20250208.xsd (EX-101.SCH) — 3KB
• sempra-20250208_def.xml (EX-101.DEF) — 15KB
• sempra-20250208_lab.xml (EX-101.LAB) — 27KB
• sempra-20250208_pre.xml (EX-101.PRE) — 16KB
• sempra-20250208_htm.xml (XML) — 4KB

From the Filing

sempra-20250208 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 February 8, 2025 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 APPOINTMENTS On February 8, 2025, Sempra's Board of Directors (the "Board") appointed Anya Weaving, age 48, and Kevin C. Sagara, age 63, to serve on the Board. In connection with the appointment of Ms. Weaving, the Board (i) named Ms. Weaving to serve on the Board's Audit Committee and Compensation and Talent Development Committee, (ii) reviewed and affirmatively determined that Ms. Weaving is an independent director under the independence standards for directors and for audit committees and compensation committees established by the New York Stock Exchange and the U.S. Securities and Exchange Commission ("SEC"), and (iii) determined that Ms. Weaving is an audit committee financial expert as defined by applicable SEC rules. In connection with the appointment of Mr. Sagara, the Board (i) named Mr. Sagara to serve on the Board's Safety, Sustainability and Technology Committee, and (ii) reviewed and affirmatively determined that Mr. Sagara cannot be considered an independent director under the independence standards established by the New York Stock Exchange because of his former service as Executive Vice President and Group President of Sempra until his retirement in December 2023. As a named executive officer of Sempra at the time of his retirement, his compensation and benefits while he served in that position are described in Sempra's proxy statement filed with the SEC on March 25, 2024 ("2024 Proxy Statement"), with the information set forth under " Executive Compensation ," except for the disclosure under the subheading "Pay-Versus-Performance," incorporated herein by reference. The appointments and committee assignments described herein will be effective on March 1, 2025. Upon appointment, Ms. Weaving and Mr. Sagara will participate in Sempra's standard compensation program for non-employee directors, as described in Sempra's 2024 Proxy Statement . 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: February 10, 2025 By: /s/ Peter R. Wall Peter R. Wall Senior Vice President, Controller and Chief Accounting Officer