---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-24-000087"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T09:57:19.536910+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TXNM Energy names Brian Iverson as General Counsel to succeed retiring Patrick Apodaca

## Summary
- Iverson to assume role as General Counsel, SVP Regulatory & Public Policy, and Corporate Secretary no later than Sept 16, 2024.
- Apodaca's retirement effective on Iverson's start date; succession previously disclosed in March 2024.
- Iverson brings 20 years at Black Hills Corp, most recently as SVP, General Counsel and Chief Compliance Officer.
- Compensation: $450K base, 70% target cash bonus, 135% LTIP, $30K sign-on cash, $400K sign-on equity (half vests immediately).
- Iverson also eligible for relocation lump sum equal to two months base salary under relocation program.

## SEC filing metadata
- accession: 0001108426-24-000087
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000087/0001108426-24-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000087/pnm-20240812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-24-000087
- JSON: https://secwatch.observer/filing/0001108426-24-000087.json
- Plain text: https://secwatch.observer/filing/0001108426-24-000087.txt

## Key facts
- Executive change
  Patrick Apodaca retired as Senior Vice President and General Counsel at TXNM ENERGY INC.
  - Action: retired
  - Role: Senior Vice President and General Counsel
  source text: Having identified Mr. Iverson as Mr. Apodaca’s successor, Mr. Apodaca’s retirement will be effective as of the Start Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000087/0001108426-24-000087-index.htm
- Executive change
  Brian G. Iverson was appointed as General Counsel, Senior Vice President Regulatory and Public Policy, and Corporate Secretary at TXNM ENERGY INC.
  - Action: appointed
  - Role: General Counsel, Senior Vice President Regulatory and Public Policy, and Corporate Secretary
  source text: On August 12, 2024, the Company appointed Brian G. Iverson to succeed Patrick Apodaca as its General Counsel, Senior Vice President Regulatory and Public Policy, and Corporate Secretary, effective upon his commencement of employment with the Company, which is anticipated to be no later than September 16, 2024 (the “Start Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000087/0001108426-24-000087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.