secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTENERGY CORP (FE)
CIK:        0001031296
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0001031296-23-000024
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FirstEnergy appoints Brian Tierney as President and CEO, effective June 1, 2023
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- Brian X. Tierney appointed President and CEO of FirstEnergy, effective June 1, 2023; he also expected to join the board.
- Tierney previously served as Global Head of Infrastructure Operations at Blackstone and spent 23 years at AEP, including as CFO.
- John W. Somerhalder ends role as Interim President and CEO on May 31 but continues as Chairman of the Board.
- Compensation includes $1.5M base salary, 150% STI target, 683% LTI target, $1.5M hiring bonus, and $5M service-based restricted stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031296/000103129623000024/0001031296-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031296/000103129623000024/fe-20230322.htm
  HTML page:      https://secwatch.observer/filing/0001031296-23-000024

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