secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001376986-25-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698625000020/0001376986-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698625000020/tve-20250325.htm
  HTML page:      https://secwatch.observer/filing/0001376986-25-000020

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