secwatch.observer — SEC 8-K summary
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Issuer:     PEABODY ENERGY CORP (BTU)
CIK:        0001064728
Form:       8-K
Filed at:   2025-12-19T23:59:59+00:00
Accession:  0001064728-25-000144
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Grech to remain until May 2028, then transition to consulting role
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- CEO James C. Grech will stay as CEO until May 15, 2028, then serve as consultant until May 15, 2030 under a Transition Agreement signed Dec 17, 2025.
- Consulting fee of $1.5M per year during the two-year consulting period following his CEO tenure.
- Board to conduct active search for Grech's successor; Grech will resign from board on Transition Date.
- Grech eligible for LTI awards in Jan 2026, 2027, 2028 with vesting extended through consulting period.
- Agreement terminates participation in 2019 Executive Severance Plan; severance provisions on termination without cause etc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1064728/000106472825000144/0001064728-25-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1064728/000106472825000144/btu-20251217.htm
  HTML page:      https://secwatch.observer/filing/0001064728-25-000144

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