8-K
filed April 10, 2025, 7:59 PM ET
CIK 0000728391
other material
confidence high
sentiment neutral
materiality 0.50
IPALCO expands board to 16; appoints four new directors under amended shareholders' agreement
IPALCO ENTERPRISES, INC.
- Board size increased from 11 to 16 effective April 4, 2025; AES U.S. Investments nominates 13, CDP nominates 3.
- New directors Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre elected by unanimous consent.
- Amendment adjusts director nomination rights based on shareholder ownership thresholds (e.g., 17.65% threshold).
- Change aligns IPALCO's governance with updated Shareholders' Agreement and Bylaws.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas A. Raga was elected as director at IPALCO ENTERPRISES, INC..
- Action
- elected
- Role
- director
Exact text from the filing
the Shareholders, by unanimous written consent, elected Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre as additional Board members.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Margaret Tigre was elected as director at IPALCO ENTERPRISES, INC..
- Action
- elected
- Role
- director
Exact text from the filing
the Shareholders, by unanimous written consent, elected Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre as additional Board members.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sherry Kohan was elected as director at IPALCO ENTERPRISES, INC..
- Action
- elected
- Role
- director
Exact text from the filing
the Shareholders, by unanimous written consent, elected Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre as additional Board members.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brandi Davis-Handy was elected as director at IPALCO ENTERPRISES, INC..
- Action
- elected
- Role
- director
Exact text from the filing
the Shareholders, by unanimous written consent, elected Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre as additional Board members.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
IPALCO ENTERPRISES, INC.: The By-Laws were amended to increase the maximum authorized number of directors from eleven to sixteen (effective 2025-04-04).
- Change
- bylaw amendment
- Effective
- 2025-04-04
Exact text from the filing
On April 4, 2025, the Board approved an amendment to the By-Laws of the Company (the " By-Law Amendment "), to modify the language in Article III, Section 2 to increase the maximum authorized number of directors on the Board from eleven to sixteen.
View on SEC.gov
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