AI English summary of an SEC filing — figures as filed

The company said Donald Brown will depart as Executive Vice President and Chief Innovation Officer on or before May 1, 2024. This was previously reported on February 19, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Mar 15, 2024Period of report Mar 15, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

The company said Donald Brown will depart as Executive Vice President and Chief Innovation Officer on or before May 1, 2024. This was previously reported on February 19, 2024.
The company said Brown's last day of employment is expected to be April 1, 2024. The Separation Date is set as May 1, 2024 or earlier.
The company said Brown entered into a Separation Agreement dated March 15, 2024. Brown will receive a lump sum payment equal to his annual salary plus 130% of the cost for 52-weeks weeks of COBRA coverage, subject to his signing a release of claims in favor of the company.
The company said these terms are consistent with the NiSource Inc. Executive Severance Policy and are described in more detail in the Proxy Statement filed with the SEC on April 12, 2023. The full text of the Separation Agreement is attached as Exhibit 10.1.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Donald Brown's Planned Departure Timing

The company said Donald Brown will depart as Executive Vice President and Chief Innovation Officer on or before May 1, 2024. This was previously reported on February 19, 2024.

Source · Based on the filing body and exhibits

Brown's Expected Last Day of Employment

The company said Brown's last day of employment is expected to be April 1, 2024. The Separation Date is set as May 1, 2024 or earlier.

Source · Based on the filing body and exhibits

Separation Agreement and Lump Sum Terms

The company said Brown entered into a Separation Agreement dated March 15, 2024. Brown will receive a lump sum payment equal to his annual salary plus 130% of the cost for 52-weeks weeks of COBRA coverage, subject to his signing a release of claims in favor of the company.

Source · Based on the filing body and exhibits

Tie to Executive Severance Policy and Exhibit

The company said these terms are consistent with the NiSource Inc. Executive Severance Policy and are described in more detail in the Proxy Statement filed with the SEC on April 12, 2023. The full text of the Separation Agreement is attached as Exhibit 10.1.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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