Short answer
Southwest Gas Holdings, Inc. (SWX) filed an 8-K current report with the SEC on February 25, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Karen Haller resigning effective May 8, 2026; no disagreement cited: transitions to advisor role at $95K/month through Dec 31, 2026.
Southwest Gas Holdings, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Karen Haller resigning effective May 8, 2026; no disagreement cited: transitions to advisor role at $95K/month through Dec 31, 2026
- Existing equity and cash incentive awards continue vesting during advisory period: meaningful retention cost to company
- Justin Brown appointed CEO effective May 8, 2026; base salary $900K, target cash bonus 110% of base ($990K)
- Brown receives one-time PSU award with $3.1M target value plus long-term equity incentive at 330% of base starting 2027
- Internal succession (Brown currently President of Southwest Gas) signals planned transition; Board nomination at 2026 annual meeting pending stockholder vote
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Southwest Gas Holdings, Inc. 8-K filings
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