---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-053219"
form_type: "8-K"
ticker: null
cik: "0000885568"
company_name: "OLD DOMINION ELECTRIC COOPERATIVE"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:25:47.847234+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# ODEC enters consulting agreement with Interim CEO Lee; monthly pay $80,000 plus allowances

## Summary
- John C. Lee Jr. appointed Interim President & CEO effective Sept 8, 2023, after Marcus M. Harris resigned.
- Consulting agreement: $80,000/month, $1,500 auto allowance, housing allowance; independent contractor.
- Term begins Sept 8, 2023; either party may terminate on 30 days' notice or immediately for material breach.
- Lee continues as President/CEO of Mecklenburg Electric Cooperative; ODEC acknowledges no conflict of interest.
- Lee is not eligible for employee benefit plans and is solely responsible for all taxes.

## SEC filing metadata
- accession: 0000950170-23-053219
- form_type: 8-K
- cik: 0000885568
- company_name: OLD DOMINION ELECTRIC COOPERATIVE
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885568/000095017023053219/0000950170-23-053219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885568/000095017023053219/ck0000885568-20231010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-053219
- JSON: https://secwatch.observer/filing/0000950170-23-053219.json
- Plain text: https://secwatch.observer/filing/0000950170-23-053219.txt

## Key facts
- Executive change
  John C. Lee, Jr. was appointed as Interim President and CEO at OLD DOMINION ELECTRIC COOPERATIVE.
  - Action: appointed
  - Role: Interim President and CEO
  source text: the board of directors of ODEC appointed Mr. Lee as the Interim President and CEO of ODEC, effective September 8, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/885568/000095017023053219/0000950170-23-053219-index.htm
- Executive change
  Marcus M. Harris resigned as President and CEO at OLD DOMINION ELECTRIC COOPERATIVE.
  - Action: resigned
  - Role: President and CEO
  source text: following the resignation of Marcus M. Harris, our former President and CEO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885568/000095017023053219/0000950170-23-053219-index.htm

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