ALLETE names Jeffrey Scissons CFO with $360K salary, $300K LTIP, 2x severance

ALLETE INC

Jeffrey J. Scissons appointed VP, CFO and Corporate Treasurer effective March 11, 2025.
Base salary set at $360,011 per year; AIP target 60% of base.
LTIP opportunity $300,000: 25% time-based RSUs (3-year cliff vest) and 75% PSAs (target, vest Dec 31, 2027).
Eligible for change-in-control severance: lump sum equal to 2 times annual cash compensation.
Also eligible for ALLETE retirement and executive benefit plans described in 2024 proxy.

item 5.02

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Appointed

Jeffrey J. Scissons

Vice President, Chief Financial Officer and Corporate Treasurer

ALLETE INC

Effective: 2025-03-11
Filed: March 14, 2025, 7:59 PM ET

Jeffrey J. Scissons has been named Vice President, Chief Financial Officer and Corporate Treasurer (“CFO”) of ALLETE, Inc. (the “Company”), effective as of March 11, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jeffrey J. Scissons was appointed as Vice President, Chief Financial Officer and Corporate Treasurer at ALLETE INC.

Action: appointed
Role: Vice President, Chief Financial Officer and Corporate Treasurer

Exact text from the filing

Jeffrey J. Scissons has been named Vice President, Chief Financial Officer and Corporate Treasurer (“CFO”) of ALLETE, Inc. (the “Company”), effective as of March 11, 2025.

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Source: SEC EDGAR

accession 0000066756-25-000024

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