secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001193125-23-296629
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000119312523296629/0001193125-23-296629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692115/000119312523296629/d666592d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-296629

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer