secwatch.observer — SEC 8-K summary
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Issuer:     XCEL ENERGY INC (XEL)
CIK:        0000072903
Form:       8-K/A
Filed at:   2021-08-23T23:59:59+00:00
Accession:  0000072903-21-000067
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Xcel Energy promotes Robert Frenzel to CEO effective Aug 18; salary to $1.2M
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- Frenzel, previously President/COO, becomes President and CEO Aug 18, 2021.
- Base salary increased from $775k to $1.2M; target bonus raised from 100% to 125% of salary.
- Additional LTI award of $4.075M for 2021-2023 performance period.
- Ben Fowke, former CEO, remains as Executive Chairman with no compensation changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72903/000007290321000067/0000072903-21-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72903/000007290321000067/xel-20210510.htm
  HTML page:      https://secwatch.observer/filing/0000072903-21-000067

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