---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-008383"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2025-06-04T23:59:59+00:00"
generated_at: "2026-05-20T00:36:10.241093+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hallador appoints Todd Telesz as CFO effective June 23; Marjorie Hargrave departs

## Summary
- Todd Telesz, former Tri-State G&T CFO and Basin Electric CEO, appointed CFO effective June 23, 2025.
- Outgoing CFO Marjorie Hargrave credited with reducing costs and improving reporting; leaving to pursue other opportunities.
- Telesz receives $500,000 base salary, $175,000 short-term incentive target, $100,000 signing bonus, and $200,000 RSU grant (3-yr vest).
- Appointment supports Hallador's transition from coal producer to integrated independent power producer.
- No family relationships or reportable transactions with Telesz or immediate family.

## SEC filing metadata
- accession: 0001558370-25-008383
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2025-06-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000155837025008383/0001558370-25-008383-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000155837025008383/hnrg-20250604x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-008383
- JSON: https://secwatch.observer/filing/0001558370-25-008383.json
- Plain text: https://secwatch.observer/filing/0001558370-25-008383.txt

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