---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-26-000002"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:46:53.791279+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# TXNM Energy announces Q1 2026 conversion period for 5.75% convertible notes at $44.40/share

## Summary
- Conversion period Jan 1–Mar 31, 2026; trigger: stock price above 130% of $44.40 conversion price for 20 of 30 days.
- Holders converting receive new 5.75% non-convertible junior sub notes due 2054 for principal plus common stock for excess.
- No cash paid for principal; new notes less liquid and may trade below $1,000 par; no outstanding at filing.
- Merger with Blackstone affiliates at $61.25/share would create make-whole conversion right to receive cash per $1,000 notes.
- Company makes no recommendation to holders on whether to convert; conversion agent is Computershare Trust.

## SEC filing metadata
- accession: 0001108426-26-000002
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842626000002/0001108426-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842626000002/pnm-20260102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-26-000002
- JSON: https://secwatch.observer/filing/0001108426-26-000002.json
- Plain text: https://secwatch.observer/filing/0001108426-26-000002.txt

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