# EDGAR Filing Document

**Accession Number:** 0001089819
**File Stem:** 0001089819-25-000020
**Filing Date:** 2025-10
**Character Count:** 13580
**Document Hash:** d049670178817798ea6b6a5feb9d21fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001089819-25-000020.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001089819-25-000020

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251017

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cleco Corporate Holdings LLC
- **CENTRAL INDEX KEY:** 0001089819
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 721445282
- **STATE OF INCORPORATION:** LA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15759
- **FILM NUMBER:** 251413095

**BUSINESS ADDRESS:**
- **STREET 1:** 2030 DONAHUE FERRY ROAD
- **CITY:** PINEVILLE
- **STATE:** LA
- **ZIP:** 71360-5226
- **BUSINESS PHONE:** 318-484-7400

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 5000
- **CITY:** PINEVILLE
- **STATE:** LA
- **ZIP:** 71361-5000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CLECO CORP
- **DATE OF NAME CHANGE:** 19990708

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CLECO HOLDING CORP
- **DATE OF NAME CHANGE:** 19990630
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CLECO POWER LLC
- **CENTRAL INDEX KEY:** 0000018672
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 720244480
- **STATE OF INCORPORATION:** LA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-05663
- **FILM NUMBER:** 251413096

**BUSINESS ADDRESS:**
- **STREET 1:** 2030 DONAHUE FERRY ROAD
- **CITY:** PINEVILLE
- **STATE:** LA
- **ZIP:** 71360-5226
- **BUSINESS PHONE:** 3184847400

**MAIL ADDRESS:**
- **STREET 1:** 2030 DONAHUE FERRY ROAD
- **CITY:** PINEVILLE
- **STATE:** LA
- **ZIP:** 71360-5226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CLECO UTILITY GROUP INC
- **DATE OF NAME CHANGE:** 19990708

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CENTRAL LOUISIANA ELECTRIC CO INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? cnl-20251017

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| |
|:---|
| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |

---

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| |
|:---|
| **FORM 8-K** |
| **CURRENT REPORT** |
| **Pursuant to Section 13 or 15(d) of** |
| **the Securities Exchange Act of 1934** |
| Date of Report (Date of earliest event reported): October 17, 2025 |

---

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| |
|:---|
| **CLECO CORPORATE HOLDINGS LLC** |
| (Exact name of registrant as specified in its charter) |

---

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| | | |
|:---|:---|:---|
| **Louisiana** | **1-15759** | **72-1445282** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**2030 Donahue Ferry Road&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

&nbsp;&nbsp;&nbsp;&nbsp; **Pineville, Louisiana&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71360-5226**

(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip Code)

**Registrant's telephone number, including area code:** (318) 484-7400

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| |
|:---|
| **CLECO POWER LLC** |
| (Exact name of registrant as specified in its charter) |

---

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| | | |
|:---|:---|:---|
| **Louisiana** | **1-05663** | **72-0244480** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**2030 Donahue Ferry Road&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

&nbsp;&nbsp;&nbsp;&nbsp; **Pineville, Louisiana&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71360-5226**

(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip Code)

**Registrant's telephone number, including area code:** (318) 484-7400

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| |
|:---|
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2): |
| ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

---

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| | |
|:---|:---|
| **Securities registered pursuant to Section 12(b) of the Act:** | **Securities registered pursuant to Section 12(b) of the Act:** |
| Cleco Corporate Holdings LLC: None | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cleco Power LLC: None |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐<br>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □<br>

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**Item 5.02 Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.**

*Change in a Compensatory Arrangement*

On October 17, 2025, William G. Fontenot, President and Chief Executive Officer of Cleco Corporate Holdings LLC and Chief Executive Officer of Cleco Power LLC (together, the "Company") entered into Amendment Number 1 to Mr. Fontenot's Employment Agreement. This amendment provides for additional vesting of Long-Term Incentive Plan ("LTIP") incentives. Under this amendment, Mr. Fontenot is subject to the same LTIP terms and conditions as all other plan participants, and will vest in 100% of outstanding LTIP incentives granted before the year of his retirement, and on a pro rata basis with respect to the outstanding LTIP incentive granted for the year of retirement. This replaces the previous method of pro rata vesting for all outstanding LTIP incentives for Mr. Fontenot. These provisions apply only if Mr. Fontenot remains employed by the Company through the last day of the Retention Period as defined in the Company's 2025 Executive Retention Plan, or if he is involuntarily terminated without cause or voluntarily separates from service for good reason within such Retention Period.

The foregoing description of the material terms and conditions of the agreement with Mr. Fontenot does not purport to be complete and is subject to, and qualified, in its entirety by, the full text of the agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(d) Exhibits.

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| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Document</u>** |
| 10.1 | <u>[Amendment Number 1 to Employment Agreement for William G. Fontenot, dated effective](exhibit101_102325.htm)[October 17, 2025](exhibit101_102325.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | CLECO CORPORATE HOLDINGS LLC | CLECO CORPORATE HOLDINGS LLC |
| Date: October 23, 2025 | By: | /s/ Tonita Laprarie |
|  |  | Tonita Laprarie |
|  |  | Controller and Chief Accounting Officer |

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | |
|:---|:---|:---|
| | CLECO POWER LLC | CLECO POWER LLC |
| Date: October 23, 2025 | By: | /s/ Tonita Laprarie |
|  |  | Tonita Laprarie |
|  |  | Controller and Chief Accounting Officer |

---

## Exhibit 10.1

Exhibit 10.1

**AMENDMENT NUMBER l TO EMPLOYMENT AGREEMENT FOR**

**William G. Fontenot**

**WHEREAS,** Cleco Corporate Holdings LLC, together with its affiliates, Cleco Group LLC and Cleco Power (collectively, the "<u>Company</u>") and William G. Fontenot (the "<u>Executive</u>") previously entered into the Employment Agreement effective January 1, 2018 (the "<u>Agreement</u>"); and

**WHEREAS,** the Company and Executive may change the Agreement pursuant to Section 24 thereof by a written document duly signed and executed both parties; and

**WHEREAS,** Executive has been awarded certain benefits and/or compensation pursuant to the terms of the Agreement, the Company's Supplemental Executive Retirement Plan, as amended (the "<u>SERP</u>"), as well as the Company's Long Term Incentive Plan effective as January 1, 2018, as amended, and awards or grants thereunder (the "<u>LTIP</u>"); and

**WHEREAS,** the Company and Executive have agreed to amend the Agreement effective October 17, 2025 to provide for additional vesting of LTIP Incentives such that Executive shall vest in 100% of outstanding LTIP Incentives granted before the year of his Retirement and on a Pro-Rata basis with respect to the outstanding LTIP Incentive granted for the year of his Retirement, under Section 6.2(d)(2) of the LTIP, rather than Pro-Rata vesting for all outstanding LTIP Incentives under LTIP Section 6.2(d)(3), if and only if Executive remains employed by the Company through the last day of the Retention Period as defined in the Company's 2025 Executive Retention Plan (the "<u>Retention Period</u>") or if he is Involuntarily Terminated without Cause or Voluntarily Separates from Service for Good Reason within such Retention Period; and

**NOW THEREFORE,** effective as of October 17, 2025, Section 2(c) of the Agreement is revised in its entirety to read as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Long-Term Incentive Opportunity.</u> The Executive shall be eligible to receive cash long-term incentive awards during the Term ("<u>LTIP Awards</u>") under the Company's Long Term Incentive Plan ("<u>LTIP</u>"). Any LTIP Award will be paid in a cash lump sum payment between January 1 and March 15 following the end of the applicable performance period, and subject to the terms of the LTIP that are applicable to other executives of the Company, including requirements as to continued employment, except as otherwise stated herein. Nothing in this Agreement shall prevent the Company from amending or terminating the LTIP from time to time. Notwithstanding anything to the contrary herein or in the LTIP, the Executive shall vest in accordance with Section 6.2(d)(2) of the LTIP upon Retirement, and Section 6.2(d)(3) of the LTIP shall not apply to Executive, if Executive remains employed by the Company through the last day of the Retention Period as defined in the Company's 2025 Executive Retention Plan (the

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"<u>Retention Period</u>") ***or*** if he is Involuntarily Terminated without Cause or Voluntarily Separates from Service for Good Reason within such Retention Period. For the avoidance of doubt, in the event that Executive meets the retention objective described above, upon Retirement Executive shall vest in 100% outstanding LTIP Incentives awarded for the years prior to Executive's Retirement, and in a Pro-Rata portion of the outstanding LTIP Incentive awarded for the year of the Executive's Retirement, notwithstanding the fact that Executive may be entitled to a grandfathered Supplemental Executive Retirement Plan ("<u>SERP</u>") benefit when he Retires. To the extent not otherwise defined in this paragraph, any capitalized term in this paragraph shall carry the definition ascribed to it under the LTIP.

**IN WITNESS WHEREOF,** the Company has caused this Amendment to be executed by its duly

authorized officer this <u>17</u><sup>th</sup> day of <u>October</u> 2025.

**CLECO GROUP LLC, CLECO CORPORATE HOLDINGS LLC, AND CLECO POWER LLC**

By: <u>/s/ Sybil Montegut&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Sybil Montegut

Chief Administrative & Sustainability Officer

**EXECUTIVE**

By: <u>/s/ William G. Fontenot&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

William G. Fontenot

Chief Executive Officer

<br>