secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN ELECTRIC POWER CO INC (AEP)
CIK:        0000004904
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000004904-24-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AEP CEO Julie Sloat removed; Benjamin Fowke appointed interim CEO; guidance reaffirmed
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- Julie Sloat removed as Chair/CEO/President effective Feb 25, 2024; she remains through Apr 8 for transition.
- Benjamin G.S. Fowke III (former Xcel CEO) appointed interim CEO/President effective Feb 26, 2024.
- Sara Martinez Tucker named Chair of the Board effective Feb 26; external CEO search engaged.
- Fowke receives $1.6M base salary, 160% STI target, $6M RSU grant, and possible additional shares.
- FY2024 operating earnings guidance reaffirmed at $5.53-$5.73 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4904/000000490424000018/0000004904-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4904/000000490424000018/aep-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000004904-24-000018

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