---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-24-000098"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T09:32:30.811828+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# TXNM Energy elects President/COO Joseph Tarry to Board; raises his base salary to $725,000

## Summary
- Joseph D. Tarry, 53, appointed to Board effective Dec 3, 2024, filling newly created 11th seat.
- Base salary increased to $725,000; target annual cash incentive set at 90% of base salary.
- Time-vested restricted stock rights award opportunity raised to 67.5% of annual base salary.
- Total target annual long-term incentive award opportunity increased to 225% of base salary.
- Tarry receives no additional compensation for Board service; will not serve on any committees.

## SEC filing metadata
- accession: 0001108426-24-000098
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000098/0001108426-24-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842624000098/pnm-20241203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-24-000098
- JSON: https://secwatch.observer/filing/0001108426-24-000098.json
- Plain text: https://secwatch.observer/filing/0001108426-24-000098.txt

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