---
schema_version: "secwatch.filing_event.v1"
accession: "0001376986-25-000020"
form_type: "8-K"
ticker: "TVE"
cik: "0001376986"
company_name: "Tennessee Valley Authority"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:37:38.304477+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TVA appoints Donald A. Moul as President and CEO, effective April 9, 2025

## Summary
- Moul succeeds retiring CEO Jeffrey J. Lyash; salary increases from $844,052 to $1,200,000.
- Target annual incentive opportunity increased from 80% to 110% of salary.
- LTIP target grants increased to $2.45M per performance cycle; retention grants $1.05M per period.
- Board amended Executive Annual Incentive, Long-Term Incentive, and Executive Severance Plans for future CEOs.
- Moul will stop accruing SERP benefits on Sept 30, 2025; vesting waived after 5 years actual service.

## SEC filing metadata
- accession: 0001376986-25-000020
- form_type: 8-K
- ticker: TVE
- cik: 0001376986
- company_name: Tennessee Valley Authority
- filed_at: 2025-03-31T23:59:59+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/1376986/000137698625000020/0001376986-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376986/000137698625000020/tve-20250325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376986-25-000020
- JSON: https://secwatch.observer/filing/0001376986-25-000020.json
- Plain text: https://secwatch.observer/filing/0001376986-25-000020.txt

## Key facts
- Executive change
  Donald A. Moul was appointed as President and Chief Executive Officer at Tennessee Valley Authority.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Donald A. Moul has been appointed as TVA’s new President and Chief Executive Officer, starting April 9, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376986/000137698625000020/0001376986-25-000020-index.htm
- Executive change
  Jeffrey J. Lyash departed as President and Chief Executive Officer at Tennessee Valley Authority.
  - Action: retiring
  - Role: President and Chief Executive Officer
  source text: He will succeed Jeffrey J. Lyash, who is retiring from his position with TVA and will continue to serve for up to 30 days to support the transition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376986/000137698625000020/0001376986-25-000020-index.htm

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