---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-013640"
form_type: "8-K"
ticker: null
cik: "0000885568"
company_name: "OLD DOMINION ELECTRIC COOPERATIVE"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:38:05.800600+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# ODEC appoints John C. Lee Jr. as President and CEO, consulting agreement through 2025

## Summary
- John C. Lee, Jr. resigned from board effective Feb 9, 2024; appointed President and CEO on Feb 6, 2024, after serving as interim since Sep 8, 2023.
- Consulting agreement: monthly compensation of $125,000, auto allowance of $1,500, housing allowance, term through Dec 31, 2025.
- He remains officer/employee of Mecklenburg Electric Cooperative; will serve as consultant and later Senior Advisor.
- If terminated without cause, receives lump sum of remaining unpaid amount through Dec 31, 2025.

## SEC filing metadata
- accession: 0000950170-24-013640
- form_type: 8-K
- cik: 0000885568
- company_name: OLD DOMINION ELECTRIC COOPERATIVE
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885568/000095017024013640/0000950170-24-013640-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885568/000095017024013640/ck0000885568-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-013640
- JSON: https://secwatch.observer/filing/0000950170-24-013640.json
- Plain text: https://secwatch.observer/filing/0000950170-24-013640.txt

## Key facts
- Executive change
  John C. Lee, Jr. was appointed as President and CEO at OLD DOMINION ELECTRIC COOPERATIVE.
  - Action: appointed
  - Role: President and CEO
  source text: On February 6, 2024, our board of directors appointed John C. Lee, Jr. as President and CEO of ODEC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885568/000095017024013640/0000950170-24-013640-index.htm
- Executive change
  John C. Lee, Jr. resigned as Director at OLD DOMINION ELECTRIC COOPERATIVE.
  - Action: resigned
  - Role: Director
  source text: On February 9, 2024, John C. Lee, Jr. resigned from the board of directors of Old Dominion Electric Cooperative ("ODEC"), effective as of that date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885568/000095017024013640/0000950170-24-013640-index.htm

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