8-K
filed August 10, 2022, 7:59 PM ET
ticker AEP
CIK 0000004904
leadership
confidence high
sentiment neutral
materiality 0.75
AEP CFO Julia Sloat named President, CEO-elect; Akins to become Executive Chair
AMERICAN ELECTRIC POWER CO INC
- Nicholas Akins resigns as President effective Aug 10, 2022; will step down as CEO Dec 31, 2022, becoming Executive Chair Jan 1, 2023.
- Julia Sloat appointed President and CFO effective Aug 10, 2022; named President and CEO effective Jan 1, 2023.
- Sloat's base salary raised to $850,000 with 90% of salary target under annual incentive plan.
- AEP plans to name a new CFO before Jan 1, 2023.
- Akins led AEP as CEO since 2011; Sloat has been EVP and CFO since January 2021.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julia A. Sloat was appointed as President and Chief Financial Officer at AMERICAN ELECTRIC POWER CO INC.
- Action
- appointed
- Role
- President and Chief Financial Officer
Exact text from the filing
on August 5, 2022, the Board appointed Julia A. Sloat, the Company’s current Executive Vice President and Chief Financial Officer, to serve as its President and Chief Financial Officer, effective as of August 10, 2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas K. Akins was elected as Executive Chair at AMERICAN ELECTRIC POWER CO INC.
- Action
- elected
- Role
- Executive Chair
Exact text from the filing
effective January 1, 2023, Mr. Akins was elected Executive Chair of the Board of Directors of the Company (“Board”) for a transition period
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas K. Akins resigned as President at AMERICAN ELECTRIC POWER CO INC.
- Action
- resigned
- Role
- President
Exact text from the filing
On August 5, 2022, Nicholas K. Akins, Chair of the Board, Chief Executive Officer and President of American Electric Power Company, Inc. (“AEP” or the “Company”), notified the Company that he will resign as President of the Company effective August 10, 2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julia A. Sloat was appointed as President and Chief Executive Officer at AMERICAN ELECTRIC POWER CO INC.
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
and as its President and Chief Executive Officer, effective as of January 1, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas K. Akins resigned as Chief Executive Officer at AMERICAN ELECTRIC POWER CO INC.
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
effective as of December 31, 2022, he will resign from his position as Chief Executive Officer of the Company.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.