secwatch.observer — SEC 8-K summary
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Issuer:     ICAHN ENTERPRISES L.P. (IEP)
CIK:        0000813762
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001104659-24-026032
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Icahn Enterprises appoints Andrew Teno as CEO; NAV $4.76B, distribution $1.00
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- Andrew Teno, Icahn Capital portfolio manager, named President & CEO effective Feb 21, 2024; replaces David Willetts.
- David Willetts becomes CEO of Pep Boys; base salary $1M, target bonus $1.55M, plus $50K relocation.
- Estimated indicative NAV $4.76B as of Dec 31, 2023, down $411M vs prior quarter.
- Quarterly distribution maintained at $1.00/unit (19% annualized yield); cash position $2.7B across Holding Co. & Investment segments.
- New activist positions in American Electric Power (AEP) and JetBlue (JBLU) within Investment segment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813762/000110465924026032/0001104659-24-026032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813762/000110465924026032/tm246838d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-026032

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