secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001108426-24-000087
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842624000087/0001108426-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108426/000110842624000087/pnm-20240812.htm
  HTML page:      https://secwatch.observer/filing/0001108426-24-000087

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