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Sempra logoSempra SRE

The company said the Compensation and Development Committee of the Sempra Board of Directors approved an amendment to Jeffrey W. Martin's Severance Pay Agreement on February 20, 2025.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said the Compensation and Development Committee of the Sempra Board of Directors approved an amendment to Jeffrey W. Martin's Severance Pay Agreement on February 20, 2025.

  2. The company said the amendment reflects a change in the retirement age of Jeffrey W. Martin, Chief Executive Officer, President and Chairman, from 65 to 67.

  3. Sempra said the amendment covers the Severance Pay Agreement dated as of January 1, 2023, and the amended version dated February 20, 2025 is attached as Exhibit 10.1.

  4. Sempra said Martin remains an employee at will and does not have an employment agreement with the company.

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.

Compensation Committee Approves Change in Retirement Age

The company said the Compensation and Development Committee of the Sempra Board of Directors approved an amendment to Jeffrey W. Martin's Severance Pay Agreement on February 20, 2025.

Source · Based on the filing body and exhibits

Retirement Age Changed from 65 to 67

The company said the amendment reflects a change in the retirement age of Jeffrey W. Martin, Chief Executive Officer, President and Chairman, from 65 to 67.

Source · Based on the filing body and exhibits

Amended Agreement Dated January 1, 2023

Sempra said the amendment covers the Severance Pay Agreement dated as of January 1, 2023, and the amended version dated February 20, 2025 is attached as Exhibit 10.1.

Source · Based on the filing body and exhibits

Employment at Will, No Separate Employment Agreement

Sempra said Martin remains an employee at will and does not have an employment agreement with the company.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.