01—Abstract
Summary
Summary of the 8-K filed January 8, 2026. Cited figures are marked; the original filing is the authoritative source.
Alliant Energy Corporation, together with its subsidiaries Interstate Power and Light Company and Wisconsin Power and Light Company, filed this Form 8-K under Item 5.02 to report a board change.
On January 5, 2026, the Boards of Directors of all three registrants increased the number of directors to 11 and appointed Manu Asthana as a member of the Boards, effective February 23, 2026. Mr. Asthana, 52, was President and Chief Executive Officer of PJM Interconnection from 2020 to 2025. The filing describes PJM as overseeing the largest power grid in North America and one of the largest electricity markets in the world, serving 67 million people in 13 states and the District of Columbia.
Before that, he held roles of increasing importance with accountabilities related to financial performance, risk, and operations at public and private utility companies. He will stand for election at the 2026 Annual Meeting of Shareowners as a nominee to serve until the 2029 Annual Meeting, alongside three directors whose terms also expire in 2026.
Effective February 23, 2026, Mr. Asthana will serve on the Audit Committee and the Operations Committee of each Board. He will receive non-employee director compensation under the practices described in the company's April 1, 2025 Definitive Proxy Statement, except that the annual retainer for 2026 Board service on all Boards will be $300,000a.
02—Key points
Key Highlights
- Board expansion: The Boards of Alliant Energy, Interstate Power and Light and Wisconsin Power and Light increased the number of directors from to 11 on January 5, 2026.
- New director: Manu Asthana was appointed to the Boards effective February 23, 2026.
- Background: Asthana was President and CEO of PJM Interconnection from 2020 to 2025, which the filing describes as serving 67 million people in 13 states and the District of Columbia.
- Shareowner vote: He will stand for election at the 2026 Annual Meeting of Shareowners, serving a term until the 2029 Annual Meeting.
- Committee assignments: Effective February 23, 2026, he will serve on the Audit Committee and the Operations Committee of each Board.
- Compensation: He will receive standard non-employee director pay, except the annual retainer for 2026 Board service on all Boards will be $300,000.
03—Questions
Frequently Asked Questions
Who is the new director and what is his relevant experience?
Manu Asthana, 52, was President and Chief Executive Officer of PJM Interconnection from 2020 to 2025. Before that, he held roles with increasing accountability for financial performance, risk, and operations at public and private utility companies.
When does the appointment take effect and when will shareowners vote on it?
The appointment takes effect February 23, 2026. He will stand for election at the 2026 Annual Meeting of Shareowners as a nominee to serve until the 2029 Annual Meeting.
What committees will he serve on?
Effective February 23, 2026, he will serve on the Audit Committee and the Operations Committee of each Board.
How will he be compensated?
He will receive non-employee director compensation under the practices described in the April 1, 2025 Definitive Proxy Statement, except that the annual retainer for 2026 Board service on all Boards will be $300,000.
Why did the Boards increase their size?
The filing states that the Boards increased the number of directors to 11 and appointed Mr. Asthana to fill the resulting seat. It does not state a further reason.
04—Continue