secwatch.observer — SEC 8-K summary
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Issuer:     OLD DOMINION ELECTRIC COOPERATIVE (—)
CIK:        0000885568
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0000950170-24-013640
Event type: leadership
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885568/000095017024013640/0000950170-24-013640-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885568/000095017024013640/ck0000885568-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-013640

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