---
schema_version: "secwatch.filing_event.v1"
accession: "0000004904-24-000072"
form_type: "8-K"
ticker: "AEP"
cik: "0000004904"
company_name: "AMERICAN ELECTRIC POWER CO INC"
filed_at: "2024-06-26T23:59:59+00:00"
generated_at: "2026-06-01T01:59:01.910013+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AEP names Bill Fehrman CEO effective Aug 1; Fowke becomes senior advisor, Goodspeed resigns from board

## Summary
- William J. Fehrman elected CEO and President effective Aug 1, 2024; previously CEO of Centuri Holdings and Berkshire Hathaway Energy.
- Fehrman receives base salary of $1.5M, STI target 155% of salary, and LTI target $10.5M annually (75% performance shares, 25% RSUs).
- Fehrman also gets $2M sign-on cash, $4M RSUs to replace forfeited equity, and $1.15M in March 2025 for forfeited STI from prior employer.
- Benjamin Fowke resigns as interim CEO July 31 but remains board member and senior advisor; receives $1M unrestricted AEP shares per month during transition.
- Linda Goodspeed resigns from board effective July 31, 2024 for personal reasons; no disagreement with company.

## SEC filing metadata
- accession: 0000004904-24-000072
- form_type: 8-K
- ticker: AEP
- cik: 0000004904
- company_name: AMERICAN ELECTRIC POWER CO INC
- filed_at: 2024-06-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4904/000000490424000072/0000004904-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4904/000000490424000072/aep-20240624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004904-24-000072
- JSON: https://secwatch.observer/filing/0000004904-24-000072.json
- Plain text: https://secwatch.observer/filing/0000004904-24-000072.txt

## Key facts
- Executive change
  Benjamin G. S. Fowke was elected as Senior Advisor at AMERICAN ELECTRIC POWER CO INC.
  - Action: elected
  - Role: Senior Advisor
  source text: Also on June 24, 2024, Benjamin G. S. Fowke notified the Company that he will resign as Interim Chief Executive Officer and Interim President effective July 31, 2024. Effective August 1, 2024, Mr. Fowke was elected Senior Advisor by the Board for a transition period to be determined by the Board, and during that transition period he will continue to serve as an executive and employee of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490424000072/0000004904-24-000072-index.htm
- Executive change
  William J. Fehrman was elected as director at AMERICAN ELECTRIC POWER CO INC.
  - Action: elected
  - Role: director
  source text: Mr. Fehrman also was elected to serve as a director of the Company effective August 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490424000072/0000004904-24-000072-index.htm
- Executive change
  William J. Fehrman was elected as Chief Executive Officer and President at AMERICAN ELECTRIC POWER CO INC.
  - Action: elected
  - Role: Chief Executive Officer and President
  source text: On June 24, 2024, William J. Fehrman was elected Chief Executive Officer and President of American Electric Power Company, Inc. (“AEP” or the “Company”) effective as of August 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490424000072/0000004904-24-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.