Get notified when TVC files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsTVA appoints Michael D. Skaggs as Interim CEO, replacing retiring Donald A. Moul
Filed April 24, 2026 · Period ending April 24, 2026 · ~1 min read
Key Changes
-
high
Michael D. Skaggs, 65, appointed Interim President and CEO for one-year term starting April 24, 2026, succeeding Donald A. Moul who retires July 1, 2026. Skaggs previously held senior nuclear operations roles at TVA from 1994-2022.
Item 5.02 verify on EDGAR → -
medium
Interim CEO compensation set at $500,000 annual salary plus potential performance-based lump sum payment within two months of term end, contingent on Board-established criteria.
Item 5.02 verify on EDGAR → -
medium
Board can only remove Skaggs for 'Gross Misconduct'; removal for any other reason triggers accelerated payment of remaining salary and performance compensation, providing significant severance protection.
Offer Letter verify on EDGAR →
This preview is just the start — the full report includes the narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (CAG 10-K) is open in full — no account needed.
Partner
Trade TVC commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Source-verified from EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify