Summary
Eversource Energy (ES) has filed an 8-K report on December 6, 2024, detailing an amendment to its Supplemental Executive Retirement Program. Effective January 1, 2025, the company's Compensation Committee has approved the addition of the Eversource Supplemental Cash Balance Pension Plan to the existing program. This amendment impacts executive compensation and retirement benefits. While this filing does not disclose specific financial performance figures, it signals a change in how a select group of senior executives will be compensated and provided for in their retirement. Investors should note that the full details of this amended program are available as an exhibit to this filing.
Key Highlights
- 1Eversource Energy's Compensation Committee approved an amendment to its Supplemental Executive Retirement Program.
- 2The amendment introduces the Eversource Supplemental Cash Balance Pension Plan.
- 3The new plan is effective January 1, 2025.
- 4This change affects executive retirement benefits.
- 5The amended program details are attached as Exhibit 10.1 to the 8-K filing.
- 6The filing was made on December 6, 2024, with an event date of December 3, 2023.
Frequently Asked Questions
The main purpose of this 8-K filing is to report an amendment to Eversource Energy's Supplemental Executive Retirement Program. This amendment includes the addition of a new Supplemental Cash Balance Pension Plan for executives.
The Eversource Supplemental Cash Balance Pension Plan becomes effective on January 1, 2025.
No, this 8-K filing does not contain information about Eversource Energy's financial performance. It specifically focuses on changes to executive retirement benefit programs.
The complete details of the Eversource Supplemental Executive Retirement Program, as amended to include the Supplemental Cash Balance Pension Plan, are provided as Exhibit 10.1 to this 8-K filing and are incorporated by reference.