---
schema_version: "secwatch.filing_event.v1"
accession: "0001376986-24-000012"
form_type: "8-K"
ticker: "TVE"
cik: "0001376986"
company_name: "Tennessee Valley Authority"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:17:32.137184+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TVA Board adopts new compensation practice, cuts CEO incentive and severance limits

## Summary
- Board approved a new Employee Compensation Board Practice clarifying roles on compensation matters.
- CEO maximum scorecard achievement under EAIP and LTIP reduced from 200% to 150%.
- CEO severance multiple under ESP cut from 1.5 to 1.0; cash separation now based on salary only.
- Amended seven compensation plans: Compensation, EAIP, LTIP, ESP, Supplemental Executive Retirement, Restoration, and Deferred Compensation.
- Changes effective May 9, 2024; plans include minor administrative revisions.

## SEC filing metadata
- accession: 0001376986-24-000012
- form_type: 8-K
- ticker: TVE
- cik: 0001376986
- company_name: Tennessee Valley Authority
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376986/000137698624000012/0001376986-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376986/000137698624000012/tve-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376986-24-000012
- JSON: https://secwatch.observer/filing/0001376986-24-000012.json
- Plain text: https://secwatch.observer/filing/0001376986-24-000012.txt

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