secwatch.observer — SEC 8-K summary
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Issuer:     OLD DOMINION ELECTRIC COOPERATIVE (—)
CIK:        0000885568
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0000950170-24-127770
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO John C. Lee Jr. resigns; Christopher F. Cosby appointed successor effective Feb 1, 2025
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- John C. Lee Jr. resigns as President and CEO effective February 1, 2025; will serve as senior advisor through December 31, 2025.
- Board appoints Christopher F. Cosby as President and CEO, effective February 1, 2025; Cosby currently COO and joined ODEC in 2018.
- Amendment to consulting agreement provides Lee monthly compensation of $125,000, expense reimbursement, and $1,500 automobile allowance.
- Lee's transition to senior advisor confirmed; agreement allows remote work except for required in-person meetings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885568/000095017024127770/0000950170-24-127770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885568/000095017024127770/ck0000885568-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127770

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