leadership
confidence high
sentiment neutral
materiality 0.50
Southern Co amends CEO succession filing; Womack gets $1.45M base, Fanning salary cut 20%
SOUTHERN CO
- Christopher C. Womack's base salary set at $1,450,000; annual incentive target 130% of base.
- Long-term equity incentive target for Womack is 665% of base salary; 2023 prorated.
- Thomas A. Fanning's base salary reduced by 20% effective May 24, 2023, post-retirement.
- Fanning remains eligible for annual and long-term equity incentives granted in Feb 2023.
- CEO transition effective after the 2023 Annual Meeting of Stockholders.