secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ (NRUC)
CIK:        0000070502
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0000070502-24-000025
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NRUC CEO J. Andrew Don's employment extended to May 2027; base salary set at ≥$1.161M
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- Board approved extension of CEO term from May 31, 2024 to May 31, 2027.
- Base salary of at least $1,161,000 per year effective June 1, 2024.
- Term may auto-extend annually after May 2027 unless either party gives six months' notice.
- CEO remains eligible for Short-Term and Long-Term Incentive plans under CFC's existing programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70502/000007050224000025/0000070502-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70502/000007050224000025/nru-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000070502-24-000025

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