{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-22-000012","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2022-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:04:05.443580+00:00","generated_at":"2026-06-27T02:46:29.026684+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"PNM Resources EVP Finance retiring July 1; Board approves special bonuses to top executives","bullets":["Charles N. Eldred, EVP Corporate Development and Finance, retiring effective July 1, 2022; duties reassigned, position not replaced.","Eldred receives $1,045,000 in exchange for an 18-month restrictive covenant and non-solicitation agreement.","Board approved one-time cash bonuses: CEO $740,000, EVP $260,000 and SVP GC $140,000 for 2021 leadership including Avangrid merger work.","LTIP amendments extend pro-rata performance share eligibility on retirement to all named executive officers and full award on qualifying change in control termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-22-000012","json":"https://secwatch.observer/filing/0001108426-22-000012.json","markdown":"https://secwatch.observer/filing/0001108426-22-000012.md","text":"https://secwatch.observer/filing/0001108426-22-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000012/0001108426-22-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000012/pnm-20220301.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T02:46:29.026684+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f44eb4e220","claim":"Charles N. Eldred departed as Executive Vice President, Corporate Development and Finance at TXNM ENERGY INC.","evidence_excerpt":"On February 28, 2022, Charles N. Eldred, Executive Vice President, Corporate Development and Finance of PNM Resources, Inc. (\"PNMR\"), Public Service Company of New Mexico (\"PNM\") and Texas-New Mexico Power Company (\"TNMP\", and together with PNMR and PNM, the \"Company\") announced that he is retiring from the Company effective July 1, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842622000012/0001108426-22-000012-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"Executive Vice President, Corporate Development and Finance"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}