secwatch.observer — SEC 8-K summary
======================================

Issuer:     OLD DOMINION ELECTRIC COOPERATIVE (—)
CIK:        0000885568
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0000950170-23-053219
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885568/000095017023053219/0000950170-23-053219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885568/000095017023053219/ck0000885568-20231010.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-053219

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