secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001108426-22-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PNM Resources EVP Finance retiring July 1; Board approves special bonuses to top executives
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842622000012/0001108426-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108426/000110842622000012/pnm-20220301.htm
  HTML page:      https://secwatch.observer/filing/0001108426-22-000012

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