---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-019965"
form_type: "8-K"
ticker: "NI"
cik: "0001111711"
company_name: "NISOURCE INC."
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T14:43:23.229001+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NiSource CEO Joe Hamrock to retire Feb 14; Lloyd Yates named successor; two new directors appointed

## Summary
- Hamrock to retire as President/CEO and director effective Feb 14, 2022; Yates appointed CEO effective same day.
- Yates receives $1M base salary, $500k sign-on bonus, $4.5M LTI (80% performance-based).
- Sondra Barbour appointed to board immediately; Cassandra Lee appointed effective Feb 14, 2022.
- Longtime director Carolyn Woo retires effective immediately; Hamrock also leaves board.
- Non-employee directors receive $255k annual retainer ($105k cash + $150k RSUs).

## SEC filing metadata
- accession: 0001193125-22-019965
- form_type: 8-K
- ticker: NI
- cik: 0001111711
- company_name: NISOURCE INC.
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111711/000119312522019965/0001193125-22-019965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111711/000119312522019965/d65024d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-019965
- JSON: https://secwatch.observer/filing/0001193125-22-019965.json
- Plain text: https://secwatch.observer/filing/0001193125-22-019965.txt

## Key facts
- Executive change
  Lloyd Yates was appointed as President and Chief Executive Officer at NISOURCE INC..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: the Board of Directors (the “Board”) appointed Lloyd Yates as the Company’s President and Chief Executive Officer, effective February 14, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111711/000119312522019965/0001193125-22-019965-index.htm
- Executive change
  Joe Hamrock departed as President and Chief Executive Officer at NISOURCE INC..
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: Joe Hamrock, the Company’s President and Chief Executive Officer, will retire from his role as President and Chief Executive Officer and as a director, effective February 14, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111711/000119312522019965/0001193125-22-019965-index.htm
- Executive change
  Cassandra Lee was appointed as director at NISOURCE INC..
  - Action: appointed
  - Role: director
  source text: the Board also appointed Cassandra Lee as a director of the Company, effective as of February 14, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111711/000119312522019965/0001193125-22-019965-index.htm
- Executive change
  Sondra Barbour was appointed as director at NISOURCE INC..
  - Action: appointed
  - Role: director
  source text: the Board appointed Sondra Barbour as a director of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111711/000119312522019965/0001193125-22-019965-index.htm
- Executive change
  Carolyn Woo departed as director at NISOURCE INC..
  - Action: retire
  - Role: director
  source text: Dr. Carolyn Woo, whose retirement from th
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111711/000119312522019965/0001193125-22-019965-index.htm

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