What is the significance of John M. Turner, Jr.'s appointment to the Board of Directors?

Mr. Turner's appointment brings valuable experience from his leadership roles at Regions Financial Corporation, a major financial institution. His expertise is expected to enhance the board's strategic oversight and financial acumen.

What are the key responsibilities of Matthew M. Kim as Comptroller?

As Comptroller, Mr. Kim will oversee the company's accounting and financial reporting functions, ensuring accuracy and compliance. His prior experience as Treasurer and in finance leadership roles prepares him for these critical duties.

What is the compensation for the newly appointed Comptroller, Matthew M. Kim?

Mr. Kim will receive a base salary of $425,000 per year. Additionally, he is eligible for an annual incentive compensation target of 50% of his base salary and an annual long-term equity incentive compensation target of 70% of his base salary.

Will Mr. Turner's board appointment impact any of Southern Company's existing committees?

Mr. Turner's committee assignments have not yet been determined. The company will report any such assignments through an amendment to this Current Report on Form 8-K once they are finalized.

SOUTHERN CO 8-K: Leadership Changes

Summary

Southern Company (SO) announced a significant change to its Board of Directors with the election of Mr. John M. Turner, Jr., effective September 1, 2025. Mr. Turner brings extensive financial and leadership experience, currently serving as President and CEO of Regions Financial Corporation. His appointment is expected to bolster the board's expertise, particularly in areas relevant to the financial sector. In addition to the directorial change, the company has appointed Matthew M. Kim as Comptroller, effective July 31, 2025. Mr. Kim, with his prior roles as Treasurer and in various finance capacities within Southern Company and its subsidiaries, is well-positioned to manage the company's financial reporting and controls. His compensation package has been detailed, reflecting his new responsibilities.

Key Highlights

1Southern Company elected John M. Turner, Jr. as a new director, effective September 1, 2025.
2John M. Turner, Jr. is President and CEO of Regions Financial Corporation, bringing significant financial industry experience.
3Matthew M. Kim has been appointed as the new Comptroller, effective July 31, 2025.
4Mr. Kim previously served as Treasurer for Southern Company and held finance leadership roles at Southern Company Gas.
5Mr. Kim's compensation package includes a base salary of $425,000, with incentive targets for annual and long-term equity.
6No pre-existing arrangements influenced Mr. Turner's selection as director.
7Mr. Turner will participate in the company's standard non-employee director compensation program.

SOUTHERN CO 8-K Report, Executive Changes (Jul 23, 2025)

Summary

Key Highlights

Frequently Asked Questions