secwatch.observer — SEC 8-K summary
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Issuer:     PEABODY ENERGY CORP (BTU)
CIK:        0001064728
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001193125-24-286862
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Peabody Energy Amends Employment Agreement with EVP & COO Darren Yeates
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- Amendment signed Dec 27, 2024, extends employment term through Jan 31, 2027.
- Severance payment equals 1.5x base salary and Reference Bonus, plus Pro Rata Bonus.
- Payment multiplier increases to 2x if termination occurs within 2 years after a Change in Control.
- Responsibilities change after closing of Anglo American Australia mine acquisition or Oct 31, 2025.
- New agreement replaces prior contract dated Oct 22, 2020; Yeates continues as EVP and COO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1064728/000119312524286862/0001193125-24-286862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1064728/000119312524286862/d905950d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-286862

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