---
schema_version: "secwatch.filing_event.v1"
accession: "0001376986-25-000004"
form_type: "8-K"
ticker: "TVE"
cik: "0001376986"
company_name: "Tennessee Valley Authority"
filed_at: "2025-01-13T23:59:59+00:00"
generated_at: "2026-05-28T02:59:07.333593+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TVA appoints Thomas C. Rice as CFO effective Jan 27, 2025

## Summary
- Thomas C. Rice named SVP and CFO; predecessor John M. Thomas III retiring March 7, 2025.
- Rice's salary increases from $384,560 to $600,000; target annual incentive rises to 75% of salary.
- Long-term performance target grant increases to 163.3% of salary; new grants for cycles through FY 2027.
- Rice also receives long-term retention grants replacing existing grants, vesting over three-year periods.

## SEC filing metadata
- accession: 0001376986-25-000004
- form_type: 8-K
- ticker: TVE
- cik: 0001376986
- company_name: Tennessee Valley Authority
- filed_at: 2025-01-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376986/000137698625000004/0001376986-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376986/000137698625000004/tve-20250113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376986-25-000004
- JSON: https://secwatch.observer/filing/0001376986-25-000004.json
- Plain text: https://secwatch.observer/filing/0001376986-25-000004.txt

## Key facts
- Executive change
  Thomas C. Rice was appointed as Senior Vice President and Chief Financial Officer at Tennessee Valley Authority.
  - Action: appointed
  - Role: Senior Vice President and Chief Financial Officer
  source text: Thomas C. Rice has been appointed as TVA’s new Senior Vice President and Chief Financial Officer, effective January 27, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376986/000137698625000004/0001376986-25-000004-index.htm
- Executive change
  John M. Thomas III retired as Chief Financial Officer at Tennessee Valley Authority.
  - Action: retired
  - Role: Chief Financial Officer
  source text: John M. Thomas, III, who, on December 2, 2024, announced his retirement from his position with TVA effective March 7, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376986/000137698625000004/0001376986-25-000004-index.htm

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