PNM Resources appoints new controller; retention bonuses for CEO, President, and GC tied to Avangrid merger

TXNM ENERGY INC

Henry Monroy stepped down as VP and Corporate Controller (principal accounting officer), stays as VP of regulatory at utility subsidiary; no disagreement.
Gerald Bischoff appointed VP and Controller (principal accounting officer); joined PNM in 2005, most recently Director of SEC Reporting.
CEO Collawn gets $375K cash plus 26,766 RSUs; GC Apodaca gets $125K plus 8,922 RSUs; President Tarry gets $1M cash with staggered vesting.
Retention bonuses vest at earliest of 24 months, Avangrid merger close, or 6 months after deal abandonment; to retain executives during pending transaction.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Henry E. Monroy

Vice President and Corporate Controller

TXNM · TXNM ENERGY INC

Effective: 2023-12-05
Successor: Gerald Robert Bischoff
Filed: December 6, 2023, 6:59 PM ET

On December 5, 2023, Henry E. Monroy, Vice President and Corporate Controller of PNM Resources, Inc. (the “Company”) stepped down from his role as the Company’s Vice President and Corporate Controller, which includes serving as the Company’s principal accounting officer.

Appointed

Gerald Robert Bischoff

Vice President and Controller

TXNM · TXNM ENERGY INC

Effective: 2023-12-05
Filed: December 6, 2023, 6:59 PM ET

On December 5, 2023, the Company appointed Gerald Robert Bischoff to succeed Mr. Monroy as its Vice President and Controller, which includes serving as the Company’s principal accounting officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Henry E. Monroy departed as Vice President and Corporate Controller at TXNM ENERGY INC.

Action: stepped down
Role: Vice President and Corporate Controller

Exact text from the filing

On December 5, 2023, Henry E. Monroy, Vice President and Corporate Controller of PNM Resources, Inc. (the “Company”) stepped down from his role as the Company’s Vice President and Corporate Controller, which includes serving as the Company’s principal accounting officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gerald Robert Bischoff was appointed as Vice President and Controller at TXNM ENERGY INC.

Action: appointed
Role: Vice President and Controller

Exact text from the filing

On December 5, 2023, the Company appointed Gerald Robert Bischoff to succeed Mr. Monroy as its Vice President and Controller, which includes serving as the Company’s principal accounting officer.

View on SEC.gov

TXNM ENERGY INC filing history →

Source: SEC EDGAR

accession 0001108426-23-000059

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