AI English summary of an SEC filing — figures as filed
The company said its board appointed Robert J. Gaudette as President effective January 6, 2026 and as Chief Executive Officer effective April 30, 2026. This 8-K/A is an amendment that discloses the material terms of the employment agreement that were not finalized when the Original 8-K was filed on January 7, 2026.
Key points
AI summaryThe company said its board appointed Robert J. Gaudette as President effective January 6, 2026 and as Chief Executive Officer effective April 30, 2026. This 8-K/A is an amendment that discloses the material terms of the employment agreement that were not finalized when the Original 8-K was filed on January 7, 2026.
The company said Gaudette's annual base salary is $1,200,000 and his target annual bonus is 125% of his base salary. For fiscal 2026, he will receive a supplemental RPSU grant with a target grant-date fair value of $5,072,285. For fiscal 2027, he will be eligible for an equity grant with a target grant-date fair value of no less than 825% of his base salary.
NRG Energy said Gaudette will receive a lump sum of 2 times his annual base salary if he is involuntarily terminated without cause or resigns for good reason. If the termination occurs 6 months before or 24 months after a change in control, the payment equals 2.99 times the sum of his annual base salary and target annual bonus for the year of termination. The severance also includes a lump sum equal to the prorated target annual bonus for the year of termination and reimbursement of COBRA premiums for up to 18 months.
The company said Lawrence S. Coben stepped down as Chief Executive Officer and Chair of the Board effective April 30, 2026. Under an agreement entered into the same day, Coben will serve as a non-executive employee advisor until January 4, 2027, or a later date agreed in writing, at an annualized base salary of $739,500, with a 2026 target bonus of $1,848,750.
Summary
AI-writtenAnalysis 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.
Robert J. Gaudette becomes CEO on April 30
The company said its board appointed Robert J. Gaudette as President effective January 6, 2026 and as Chief Executive Officer effective April 30, 2026. This 8-K/A is an amendment that discloses the material terms of the employment agreement that were not finalized when the Original 8-K was filed on January 7, 2026.
Source · Based on the filing body and exhibits
Gaudette employment agreement: salary, bonus and equity terms
The company said Gaudette's annual base salary is $1,200,000 and his target annual bonus is 125% of his base salary. For fiscal 2026, he will receive a supplemental RPSU grant with a target grant-date fair value of $5,072,285. For fiscal 2027, he will be eligible for an equity grant with a target grant-date fair value of no less than 825% of his base salary.
Source · Based on the filing body and exhibits
Gaudette employment agreement: severance terms
NRG Energy said Gaudette will receive a lump sum of 2 times his annual base salary if he is involuntarily terminated without cause or resigns for good reason. If the termination occurs 6 months before or 24 months after a change in control, the payment equals 2.99 times the sum of his annual base salary and target annual bonus for the year of termination. The severance also includes a lump sum equal to the prorated target annual bonus for the year of termination and reimbursement of COBRA premiums for up to 18 months.
Source · Based on the filing body and exhibits
Lawrence S. Coben transition and retirement agreement terms
The company said Lawrence S. Coben stepped down as Chief Executive Officer and Chair of the Board effective April 30, 2026. Under an agreement entered into the same day, Coben will serve as a non-executive employee advisor until January 4, 2027, or a later date agreed in writing, at an annualized base salary of $739,500, with a 2026 target bonus of $1,848,750.
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.
Loading the filing text…