8-K
filed January 6, 2023, 6:59 PM ET
ticker TVE
CIK 0001376986
leadership
confidence high
sentiment neutral
materiality 0.35
TVA appoints six new board members; directors Frazier, Smith depart
Tennessee Valley Authority
- Board terms of A.D. Frazier and Jeff W. Smith ended Jan 3, 2023 with adjournment of Congress.
- Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, Adam Wade White took oath on Jan 4, 2023.
- Executed fourth amendment to $500M credit agreement with Bank of America, adding LIBOR-to-SOFR transition provisions.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam Wade White was appointed as Member of the Board of Directors at Tennessee Valley Authority.
- Action
- took oath and began service
- Role
- Member of the Board of Directors
Exact text from the filing
On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
L. Michelle Moore was appointed as Member of the Board of Directors at Tennessee Valley Authority.
- Action
- took oath and began service
- Role
- Member of the Board of Directors
Exact text from the filing
On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeff W. Smith departed as Member of the Board of Directors at Tennessee Valley Authority.
- Action
- ended
- Role
- Member of the Board of Directors
Exact text from the filing
The terms of A.D. Frazier and Jeff W. Smith as members of the TVA Board of Directors ended January 3, 2023, with the adjournment of the most recent session of Congress.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Beth Prichard Geer was appointed as Member of the Board of Directors at Tennessee Valley Authority.
- Action
- took oath and began service
- Role
- Member of the Board of Directors
Exact text from the filing
On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William J. Renick was appointed as Member of the Board of Directors at Tennessee Valley Authority.
- Action
- took oath and began service
- Role
- Member of the Board of Directors
Exact text from the filing
On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert P. Klein was appointed as Member of the Board of Directors at Tennessee Valley Authority.
- Action
- took oath and began service
- Role
- Member of the Board of Directors
Exact text from the filing
On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joe H. Ritch was appointed as Member of the Board of Directors at Tennessee Valley Authority.
- Action
- took oath and began service
- Role
- Member of the Board of Directors
Exact text from the filing
On January 4, 2023, Beth Prichard Geer, L. Michelle Moore, Robert P. Klein, William J. Renick, Joe H. Ritch, and Adam Wade White took their oath of office and began their service as members of the TVA Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
A.D. Frazier departed as Member of the Board of Directors at Tennessee Valley Authority.
- Action
- ended
- Role
- Member of the Board of Directors
Exact text from the filing
The terms of A.D. Frazier and Jeff W. Smith as members of the TVA Board of Directors ended January 3, 2023, with the adjournment of the most recent session of Congress.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Tennessee Valley Authority amended a credit facility with Bank of America, N.A., as Administrative Agent, Letter of Credit Issuer, and a Lender, and the Other Lenders Party Thereto (effective 2023-01-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as Administrative Agent, Letter of Credit Issuer, and a Lender, and the Other Lenders Party Thereto
- Effective
- 2023-01-05
Exact text from the filing
On January 5, 2023, the Tennessee Valley Authority ("TVA") executed an amendment to its $500,000,000 credit agreement dated as of August 7, 2015, and amended as of February 28, 2017, February 21, 2018, and February 27, 2020, with Bank of America, N.A., as Administrative Agent, Letter of Credit Issuer, and a Lender, and the Other Lenders Party Thereto.
View on SEC.gov
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