Short answer
PEABODY ENERGY CORP (BTU) filed an 8-K current report with the SEC on August 28, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Succession transition for COO Darren Yeates beginning February 1, 2027, following expiration of his employment contract.
PEABODY ENERGY CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Succession transition for COO Darren Yeates beginning February 1, 2027, following expiration of his employment contract
- Consulting term through January 31, 2028, covering up to 40 hours monthly
- Minimum consulting fee $89,773 monthly, plus $2,244 per additional hour
- Company termination without cause triggers payment of remaining term fees, subject to release
- Agreement preserves operational expertise during leadership transition but creates potential severance-like obligations
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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