secwatch.observer — SEC 8-K summary
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Issuer:     NRG ENERGY, INC. (NRG)
CIK:        0001013871
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001104659-24-084617
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NRG Energy appoints Lawrence Coben as permanent President and CEO; board changes announced
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- Lawrence Coben, interim CEO since Nov 2023, appointed President & CEO effective Aug 1, 2024; remains Board Chair.
- Employment agreement: $1.45M base salary, 125% target annual bonus, $3.3M RPSU grant for 2024, equity grant of 825% of base for 2025.
- Anne Schaumburg and Paul Hobby to resign from board effective Sep 30, 2024; board size reduces to 11.
- Antonio Carrillo appointed Lead Independent Director effective Aug 1, 2024.
- Non-compete and non-solicitation covenants for one year post-termination; severance up to 2x base (3x on change in control within 24 months).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013871/000110465924084617/0001104659-24-084617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013871/000110465924084617/tm2420624d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-084617

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