Pinnacle West Capital Corp. Announces Executive and Board Changes

Ticker: PNW · Form: 8-K · Filed: 2025-02-19T00:00:00.000Z

Sentiment: neutral

Topics: management-change, board-of-directors, executive-compensation

Related Tickers: PNW

TL;DR

PNW shakes up exec team and board. Big changes coming?

AI Summary

Pinnacle West Capital Corp. (PNW) announced on February 19, 2025, changes in its executive leadership and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for its officers.

Why It Matters

Changes in executive leadership and board composition can signal shifts in company strategy, risk oversight, and future performance.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational stability.

Key Players & Entities

FAQ

Who are the specific officers and directors departing from Pinnacle West Capital Corp.?

The filing indicates the departure of certain officers and directors but does not list their specific names in the provided text.

When were the new directors elected to the board?

The filing states the election of directors occurred on or as of February 19, 2025.

What specific compensatory arrangements were updated for the officers?

The filing mentions updates to compensatory arrangements but does not provide specific details on the nature of these changes in the provided text.

What is the primary business of Pinnacle West Capital Corp.?

Pinnacle West Capital Corp. is primarily involved in the electric services industry, with SIC code 4911.

What is the filing date of this 8-K report?

This 8-K report was filed on February 19, 2025.

From the Filing

0000764622-25-000009.txt : 20250219 0000764622-25-000009.hdr.sgml : 20250219 20250219172555 ACCESSION NUMBER: 0000764622-25-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250219 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250219 DATE AS OF CHANGE: 20250219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE WEST CAPITAL CORP CENTRAL INDEX KEY: 0000764622 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 860512431 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08962 FILM NUMBER: 25641805 BUSINESS ADDRESS: STREET 1: 400 NORTH FIFTH STREET STREET 2: MS 8695 CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 602 250 1000 MAIL ADDRESS: STREET 1: 400 NORTH FIFTH STREET STREET 2: MS 8695 CITY: PHOENIX STATE: AZ ZIP: 85004 FORMER COMPANY: FORMER CONFORMED NAME: AZP GROUP INC DATE OF NAME CHANGE: 19870506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARIZONA PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000007286 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 860011170 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04473 FILM NUMBER: 25641806 BUSINESS ADDRESS: STREET 1: 400 NORTH FIFTH STREET CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 602 250 1000 MAIL ADDRESS: STREET 1: P O BOX 53999 CITY: PHOENIX STATE: AZ ZIP: 85072-3999 8-K 1 pnw-20250219.htm 8-K pnw-20250219 0000764622 false AZ 0000007286 8-K February 19, 2025 false AZ false false false false false 0000764622 2025-02-19 2025-02-19 0000764622 pnw:ArizonaPublicServiceCompanyMember 2025-02-19 2025-02-19 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): February 19, 2025 Commission File Number   Exact Name of Each Registrant as specified in its charter; State of Incorporation; Address; and Telephone Number IRS Employer Identification No. 1-8962   PINNACLE WEST CAPITAL CORPORATION 86-0512431 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Phoenix Arizona 85072-3999 (602) 250-1000 1-4473   ARIZONA PUBLIC SERVICE COMPANY 86-0011170 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Phoenix Arizona 85072-3999 (602) 250-1000 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(s) Name of each exchange on which registered Common Stock PNW The 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 an

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