---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-004679"
form_type: "8-K"
ticker: null
cik: "0000728391"
company_name: "IPALCO ENTERPRISES, INC."
filed_at: "2025-04-10T23:59:59+00:00"
generated_at: "2026-05-23T17:45:34.936011+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# IPALCO expands board to 16; appoints four new directors under amended shareholders' agreement

## Summary
- 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.

## SEC filing metadata
- accession: 0000950103-25-004679
- form_type: 8-K
- cik: 0000728391
- company_name: IPALCO ENTERPRISES, INC.
- filed_at: 2025-04-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/728391/000095010325004679/0000950103-25-004679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/728391/000095010325004679/dp227256_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-004679
- JSON: https://secwatch.observer/filing/0000950103-25-004679.json
- Plain text: https://secwatch.observer/filing/0000950103-25-004679.txt

## Key facts
- Executive change
  Thomas A. Raga was elected as director at IPALCO ENTERPRISES, INC..
  - Action: elected
  - Role: director
  source text: the Shareholders, by unanimous written consent, elected Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre as additional Board members.
  evidence_url: https://www.sec.gov/Archives/edgar/data/728391/000095010325004679/0000950103-25-004679-index.htm
- Executive change
  Margaret Tigre was elected as director at IPALCO ENTERPRISES, INC..
  - Action: elected
  - Role: director
  source text: the Shareholders, by unanimous written consent, elected Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre as additional Board members.
  evidence_url: https://www.sec.gov/Archives/edgar/data/728391/000095010325004679/0000950103-25-004679-index.htm
- Executive change
  Sherry Kohan was elected as director at IPALCO ENTERPRISES, INC..
  - Action: elected
  - Role: director
  source text: the Shareholders, by unanimous written consent, elected Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre as additional Board members.
  evidence_url: https://www.sec.gov/Archives/edgar/data/728391/000095010325004679/0000950103-25-004679-index.htm
- Executive change
  Brandi Davis-Handy was elected as director at IPALCO ENTERPRISES, INC..
  - Action: elected
  - Role: director
  source text: the Shareholders, by unanimous written consent, elected Brandi Davis-Handy, Sherry Kohan, Thomas A. Raga, and Margaret Tigre as additional Board members.
  evidence_url: https://www.sec.gov/Archives/edgar/data/728391/000095010325004679/0000950103-25-004679-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/728391/000095010325004679/0000950103-25-004679-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.