Company: TVC
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001376986-25-000040
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Company: Tennessee Valley Authority
Filing Date: 2025-07-17
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 14, 2025, Tim Rausch, TVA’s Executive Vice President and Chief Nuclear Officer, informed TVA’s Chief Executive Officer of his intention to separate from service no later than March 1, 2026, and executed a separation and release agreement. A copy of the agreement is attached to this Form 8-K as Exhibit 10.1.

In addition, effective July 16, 2025, the Chair of the People and Governance Committee, with concurrence of the Board Chair, approved amendments to the Supplemental Executive Retirement Plan (“ SERP”) and the Restoration Plan.

• SERP. The SERP was amended so that participants will cease accruing new benefits on September 30, 2025. Participants will continue to be entitled to receive their accrued benefit as calculated on September 30, 2025.

• Restoration Plan. The Restoration Plan, which previously prohibited participation by any TVA employee who was a participant in the SERP, was amended to authorize participation for all employees otherwise entitled to participate, effective September 30, 2025.

Item 9.01 Financial Statements and Exhibits.

  EXHIBIT NO.      DESCRIPTION OF EXHIBIT                                                                 
  10.1*            Separation and Release Agreement Between TVA and Tim Rausch Dated as of July 14, 2025  
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