Tri-State G&T appoints interim CFO Clifton Karnei after CFO Telesz resignation

Tri-State Generation & Transmission Association, Inc.

Todd Telesz resigned as CFO effective June 13, 2025 to join Hallador Energy.
Clifton Karnei appointed interim CFO effective June 16, 2025; brings 30+ years utility experience, previously EVP/GM of Brazos Electric.
Karnei's base bi-weekly salary is $23,077.41; employment expected 3–6 months until permanent CFO hired.
Tri-State retains Mycoff Fry Partners to search for permanent CFO; Karnei will serve until then.
Tri-State emphasizes upcoming investment cycle in resource plan and transmission; previous CFO departure for competitor.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Clifton Karnei

Interim Chief Financial Officer

Tri-State Generation & Transmission Association, Inc.

Effective: 2025-06-16
Filed: June 12, 2025, 7:59 PM ET

On June 6, 2025, Clifton Karnei, age 63, accepted the temporary position as our Interim Chief Financial Officer, subject to completion of applicable pre-employment procedures.

Departed

Todd E. Telesz

Chief Financial Officer

Tri-State Generation & Transmission Association, Inc.

Effective: 2025-06-13
Successor: Clifton Karnei
Filed: June 12, 2025, 7:59 PM ET

on June 2, 2025, Todd E. Telesz, our Senior Vice President and Chief Financial Officer, informed us that he intends to resign on June 13, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Clifton Karnei was appointed as Interim Chief Financial Officer at Tri-State Generation & Transmission Association, Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On June 6, 2025, Clifton Karnei, age 63, accepted the temporary position as our Interim Chief Financial Officer, subject to completion of applicable pre-employment procedures.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd E. Telesz resigned as Chief Financial Officer at Tri-State Generation & Transmission Association, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

on June 2, 2025, Todd E. Telesz, our Senior Vice President and Chief Financial Officer, informed us that he intends to resign on June 13, 2025.

View on SEC.gov

Source: SEC EDGAR

accession 0001637880-25-000029

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