---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-296629"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T11:58:16.831747+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas Centuri CEO Paul Daily to retire; transition agreement provides $2.2M retention bonus

## Summary
- Paul Daily, President/CEO of Centuri (SWX sub), to retire in 2024; transition separation agreement signed.
- Daily eligible for $2.2M retention bonus if he stays through transition or qualifies; COBRA extension included.
- During transition: salary $810k, auto allowance $31.2k, target STI 110% ($891k), LTI 225% ($1.82M).
- Legal fees up to $15k reimbursed; reaffirms confidentiality, non-compete, and non-solicitation obligations.
- If termination after Dec 31, 2024, 2024 STI guaranteed at target ($891k), prorated LTI vesting.

## SEC filing metadata
- accession: 0001193125-23-296629
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000119312523296629/0001193125-23-296629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692115/000119312523296629/d666592d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-296629
- JSON: https://secwatch.observer/filing/0001193125-23-296629.json
- Plain text: https://secwatch.observer/filing/0001193125-23-296629.txt

## Key facts
- Executive change
  Paul M. Daily departed as President and Chief Executive Officer at Southwest Gas Holdings, Inc..
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: Paul M. Daily, President and Chief Executive Officer of Centuri Group, Inc. ("Centuri"), a wholly owned subsidiary of the Company, informed the Company on November 20, 2023 of his plan to retire in 2024 once his successor has been appointed.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312523296629/0001193125-23-296629-index.htm

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