8-KLeadership ChangesExhibits & Filings

EVERSOURCE ENERGY 8-K Report, Executive Changes (Dec 5, 2025)

Filed December 5, 2025For Securities:ES

Summary

Eversource Energy announced a significant change in its Board of Trustees, with Warren Robert Mudge appointed to serve as a Trustee effective January 1, 2026. Mr. Mudge brings extensive experience in the telecommunications and energy sectors, notably his tenure as Chief Operating Officer at Verizon Communications. His appointment to the Audit Committee and the Finance and Risk Management Committee suggests a focus on strengthening oversight in these critical areas. Investors should view this as a move to enhance board expertise, particularly given Mr. Mudge's background in operational transformation and large-scale infrastructure development. In addition to Mr. Mudge's appointment, David H. Long has been appointed Chair of the Governance, Environmental and Sustainability Committee, effective January 1, 2026. The company also updated its Corporate Governance Guidelines to clarify the responsibilities of the Lead Independent Trustee. These changes indicate a proactive approach to board structure and governance, aiming to improve strategic direction and accountability.

Key Highlights

  • 1Warren Robert Mudge appointed as a new Trustee, effective January 1, 2026.
  • 2Mr. Mudge appointed to the Audit Committee and the Finance and Risk Management Committee.
  • 3Mr. Mudge has a strong background with Verizon Communications, including serving as COO and EVP.
  • 4David H. Long appointed as Chair of the Governance, Environmental and Sustainability Committee, effective January 1, 2026.
  • 5Corporate Governance Guidelines updated to clarify Lead Independent Trustee responsibilities.
  • 6Mr. Mudge's compensation includes an annual cash retainer of $125,000 and an RSU grant valued at $175,000.
  • 7The filing confirms no undisclosed arrangements or related party transactions concerning Mr. Mudge's appointment.

Frequently Asked Questions

Warren Robert Mudge's appointment as a Trustee, effective January 1, 2026, is expected to bring significant expertise to the Board, particularly in areas of operational transformation and large-scale infrastructure, given his extensive background at Verizon Communications. His roles on the Audit Committee and Finance and Risk Management Committee suggest a focus on strengthening financial oversight and risk management.

Mr. Mudge will receive an annual cash retainer of $125,000 for his service as a Trustee. Additionally, on January 15, 2026, he will receive a grant of Restricted Stock Units (RSUs) valued at $175,000, based on the average closing price of Eversource Energy common shares over the preceding 10 trading days.

David H. Long has been appointed as the Chair of the Governance, Environmental and Sustainability Committee, effective January 1, 2026. The committee members remain the same: David H. Long, Cotton M. Cleveland, Linda Dorcena Forry, and Gregory M. Jones.

The filing explicitly states that there are no arrangements or understandings with Mr. Mudge that led to his election, nor does he have any transactions with related persons that require disclosure under Item 404(a) of Regulation S-K. This indicates a clean appointment with no immediate conflicts of interest or disclosure issues.