secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN ELECTRIC POWER CO INC (AEP)
CIK:        0000004904
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0000004904-23-000114
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AEP appoints Charles E. Zebula as CFO; reaffirms 2023 EPS guidance $5.19-$5.39
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- Zebula named EVP & CFO effective Sept 30, replacing Ann P. Kelly, who was terminated.
- Kelly eligible for severance: 1x salary + target bonus, prorated LTIP vesting subject to agreement.
- Zebula's salary raised to $700k (from $619.5k); receives $1.5M in RSUs vesting through Dec 2024 or retirement.
- AEP reaffirmed 2023 operating earnings guidance $5.19-$5.39/share, 6-7% long-term growth, and 14-15% FFO/Debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4904/000000490423000114/0000004904-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4904/000000490423000114/aep-20230929.htm
  HTML page:      https://secwatch.observer/filing/0000004904-23-000114

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer