secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001108426-23-000028
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

PNM Resources shareholders approve 2023 Performance Equity Plan allowing up to 2.5M shares
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- Shareholders approved 2023 Performance Equity Plan authorizing up to 2,500,000 common shares for awards.
- Non-employee directors each received 2,700 restricted stock rights vesting in one year.
- All nine director nominees elected; KPMG ratified as auditor for 2023 with strong shareholder support.
- Say-on-pay advisory vote approved (~95% of votes cast); shareholders recommended annual frequency.
- PNMR will hold advisory vote on executive compensation every year until next frequency vote in 2030.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/pnm-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001108426-23-000028

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