secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001108426-24-000098
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842624000098/0001108426-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108426/000110842624000098/pnm-20241203.htm
  HTML page:      https://secwatch.observer/filing/0001108426-24-000098

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