secwatch.observer — SEC 8-K summary
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Issuer:     XCEL ENERGY INC (XEL)
CIK:        0000072903
Form:       8-K
Filed at:   2021-08-23T23:59:59+00:00
Accession:  0000072903-21-000069
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Xcel Energy promotes Timothy O'Connor to EVP & COO; base salary raised to $750K
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- Timothy O'Connor elected EVP and Chief Operations Officer, overseeing nuclear, generation, supply chain, transmission, and natural gas.
- Base salary increased from $610,000 to $750,000 per year, effective August 18, 2021.
- Target bonus under Annual Incentive Award Plan increased from 75% to 85% of base salary.
- Received additional long-term incentive award with target grant date fair value of $400,000 for 2021–2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72903/000007290321000069/0000072903-21-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72903/000007290321000069/xel-20210818.htm
  HTML page:      https://secwatch.observer/filing/0000072903-21-000069

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