01—Abstract
Summary
Summary of the 8-K filed March 8, 2024. Cited figures are marked; the original filing is the authoritative source.
Evergy, Inc. filed this Form 8-K on March 8, 2024 under Item 5.02, reporting a board leadership change.
Mark A. Ruelle notified the company on March 6, 2024 that he will not stand for re-election to the Board of Directors at the 2024 annual meeting of shareholders. He will retire from the Board and from his role as Chairman effective at the end of his term on May 7, 2024.
The filing states that Ruelle's decision was not the result of any disagreement with the company on matters relating to its operations, policies, or practices. The company said it wished to express appreciation for more than 30 years of his service. Ruelle intends to remain Chairman and a member of the Nuclear, Power Supply, and Environmental Committee through the May 2024 annual shareholder meeting.
David Campbell, the company's President, Chief Executive Officer and a current Board member, will become Chairman of the Board effective May 7, 2024. For investors, the filing shows a planned, orderly transition in which the CEO also assumes the Chairman role.
02—Key points
Key Highlights
- Mark A. Ruelle will not stand for re-election to the Board at the 2024 annual meeting and will retire from the Board and as Chairman effective at the end of his term on May 7, 2024.
- Ruelle stated his decision was not due to any disagreement with the company on operations, policies, or practices.
- David Campbell, President and Chief Executive Officer and a Board member, will assume the role of Chairman of the Board effective May 7, 2024.
- Ruelle will continue as Chairman and as a member of the Nuclear, Power Supply, and Environmental Committee through the annual shareholder meeting in May 2024.
- The company expressed appreciation for Ruelle's more than 30 years of service.
- The notice was delivered to the company on March 6, 2024 and the 8-K was filed March 8, 2024.
03—Questions
Frequently Asked Questions
Why is Mark Ruelle leaving the Board?
The filing states that Ruelle decided not to stand for re-election at the 2024 annual meeting and that the decision was not the result of any disagreement with the company on matters relating to its operations, policies, or practices.
When does the leadership change take effect?
Ruelle's Board and Chairman roles end at the close of his term on May 7, 2024, and David Campbell becomes Chairman effective May 7, 2024.
Who will lead the Board after Ruelle departs?
David Campbell, the company's President and Chief Executive Officer and a current Board member, will assume the role of Chairman of the Board.
Will Ruelle have any continuing role before he leaves?
Yes. The filing states Ruelle intends to continue as Chairman of the Board and as a member of the Nuclear, Power Supply, and Environmental Committee through the annual shareholder meeting in May 2024.
04—Continue