secwatch.observer — SEC 8-K summary
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Issuer:     EXELON CORP (EXC)
CIK:        0001109357
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001104659-22-109325
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exelon promotes Butler to President and COO; Jones named CFO; Nigro to depart March 2023
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- Calvin Butler appointed President and COO effective immediately; Chris Crane remains CEO.
- Jeanne Jones appointed EVP and CFO, succeeding Joseph Nigro, who becomes Senior Advisor until March 31, 2023.
- Butler's compensation: base salary $975,000, AIP target 115% of base, LTI target $3.9M.
- Jones's compensation: base salary $650,000, AIP target 90% of base, LTI target $1.765M.
- Nigro to receive severance per Exelon's Senior Management Severance Plan upon departure on March 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109357/000110465922109325/0001104659-22-109325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109357/000110465922109325/tm2228382d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-109325

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