secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001376986-25-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698625000004/0001376986-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698625000004/tve-20250113.htm
  HTML page:      https://secwatch.observer/filing/0001376986-25-000004

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