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[8-K] CenterPoint Energy, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

CenterPoint Energy, Inc. (CNP) filed an 8-K disclosing two governance actions.

  • Executive hire: The Board appointed Jesus Soto Jr. (age 58) as Executive VP & Chief Operating Officer, effective 11 Aug 2025. Soto joins from Quanta Services and brings prior COO and senior gas-operations experience at Mears Group and PG&E. Compensation includes a $725k base salary, 80% target STI, 260% target LTI and a $6 million time-vested RSU buy-out (25% annual vesting over four years). He will participate in existing benefit, incentive and change-in-control plans. No related-party relationships or agreements were reported.
  • Deferred Compensation Plan amendment: On 17 Jul 2025, the Board approved a Fifth Amendment allowing officers at SVP level or higher to defer up to 90% of salary and/or short-term incentive, effective 1 Jan 2026. The plan remains an unfunded, non-qualified obligation of the company.

No financial results, revenue guidance or material transactions were included. Exhibits comprise the Soto offer letter, amended plan documents and the accompanying press release.

CenterPoint Energy, Inc. (CNP) ha presentato un modulo 8-K comunicando due azioni di governance.

  • Assunzione esecutiva: Il Consiglio ha nominato Jesus Soto Jr. (58 anni) come Executive VP e Chief Operating Officer, con decorrenza 11 agosto 2025. Soto arriva da Quanta Services e porta con s茅 esperienza pregressa come COO e senior nelle operazioni del gas presso Mears Group e PG&E. La retribuzione comprende uno stipendio base di 725.000 dollari, un obiettivo STI dell'80%, un obiettivo LTI del 260% e un buy-out di RSU con maturazione temporale da 6 milioni di dollari (25% di maturazione annuale per quattro anni). Parteciper脿 ai piani esistenti di benefit, incentivi e cambi di controllo. Non sono stati segnalati rapporti o accordi con parti correlate.
  • Modifica al Piano di Compensazione Differita: Il 17 luglio 2025, il Consiglio ha approvato una Quinta Modifica che consente agli ufficiali di livello SVP o superiore di differire fino al 90% dello stipendio e/o dell'incentivo a breve termine, con efficacia dal 1 gennaio 2026. Il piano rimane un obbligo non finanziato e non qualificato della societ脿.

Non sono stati inclusi risultati finanziari, previsioni di ricavi o operazioni materiali. Gli allegati comprendono la lettera d'offerta a Soto, i documenti modificati del piano e il comunicato stampa associato.

CenterPoint Energy, Inc. (CNP) present贸 un formulario 8-K revelando dos acciones de gobernanza.

  • Contrataci贸n ejecutiva: La Junta nombr贸 a Jesus Soto Jr. (58 a帽os) como Vicepresidente Ejecutivo y Director de Operaciones, con efecto a partir del 11 de agosto de 2025. Soto proviene de Quanta Services y aporta experiencia previa como COO y en operaciones senior de gas en Mears Group y PG&E. La compensaci贸n incluye un salario base de 725,000 d贸lares, un STI objetivo del 80%, un LTI objetivo del 260% y una compra de RSU con adquisici贸n temporal de 6 millones de d贸lares (25% de adquisici贸n anual durante cuatro a帽os). Participar谩 en los planes existentes de beneficios, incentivos y cambio de control. No se reportaron relaciones o acuerdos con partes relacionadas.
  • Enmienda al Plan de Compensaci贸n Diferida: El 17 de julio de 2025, la Junta aprob贸 una Quinta Enmienda que permite a los oficiales de nivel SVP o superior diferir hasta el 90% de su salario y/o incentivo a corto plazo, con vigencia desde el 1 de enero de 2026. El plan sigue siendo una obligaci贸n no financiada y no calificada de la compa帽铆a.

No se incluyeron resultados financieros, previsiones de ingresos ni transacciones materiales. Los anexos comprenden la carta oferta de Soto, los documentos del plan enmendados y el comunicado de prensa adjunto.

CenterPoint Energy, Inc. (CNP)臧� 霊� 臧�歆� 瓯半矂雱岇姢 臁办箻毳� 瓿店皽頃橂姅 8-K毳� 鞝滌稖頄堨姷雼堧嫟.

  • 鞛勳洂 毂勳毄: 鞚挫偓須岆姅 Jesus Soto Jr.(58靹�)毳� 2025雲� 8鞗� 11鞚茧秬搿� Executive VP 瓴� 斓滉碃鞖挫榿毂呾瀯鞛�(COO)搿� 鞛勲獏頄堨姷雼堧嫟. Soto電� Quanta Services 於滌嫚鞚措┌ Mears Group瓿� PG&E鞐愳劀 COO 氚� 臧�鞀� 鞖挫榿 瓿犾渼 瓴诫牓鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 氤挫垬電� 鞐半磯 72毵� 5觳� 雼煬, 氇╉憸 雼赴 鞚胳劶韹半笇(STI) 80%, 氇╉憸 鞛リ赴 鞚胳劶韹半笇(LTI) 260%, 4雲勳棎 瓯胳硱 鞐� 25%鞌� 氩犾姢韺呺悩電� 600毵� 雼煬 攴滊鞚� 鞁滉皠 旮半皹 RSU 毵れ垬 氤挫儊鞙茧 甑劚霅╇媹雼�. 旮办〈 氤惦Μ頉勳儩, 鞚胳劶韹半笇 氚� 歆�氚瓣惮臁� 氤�瓴� 瓿勴殟鞐� 彀胳棳頃╇媹雼�. 甏�霠� 雼轨偓鞛� 甏�瓿勲倶 瓿勳暯鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�.
  • 鞚挫棸 氤挫儊 瓿勴殟 靾橃爼: 2025雲� 7鞗� 17鞚�, 鞚挫偓須岆姅 SVP旮� 鞚挫儊 鞛勳洂霌れ澊 2026雲� 1鞗� 1鞚茧秬韯� 旮夓棳 氚�/霕愲姅 雼赴 鞚胳劶韹半笇鞚� 斓滊寑 90%毳� 鞚挫棸頃� 靾� 鞛堧弰搿� 項堨毄頃橂姅 雼れ劘 氩堨Ц 靾橃爼鞎堨潉 鞀轨澑頄堨姷雼堧嫟. 頃措嫻 瓿勴殟鞚� 須岇偓鞚� 氍措嫶氤� 牍勳爜瓴� 攵�毂勲 鞙犾霅╇媹雼�.

鞛 鞁れ爜, 靾橃澋 鞝勲 霕愲姅 欤检殧 瓯半灅電� 韽暔霅橃 鞎婌晿鞀惦媹雼�. 觳秬 氍胳劀搿滊姅 Soto鞚� 鞝滌晥靹�, 靾橃爼霅� 瓿勴殟 氍胳劀 氚� 甏�霠� 氤措弰鞛愲臧� 鞛堨姷雼堧嫟.

CenterPoint Energy, Inc. (CNP) a d茅pos茅 un formulaire 8-K divulguant deux actions de gouvernance.

  • Recrutement ex茅cutif : Le conseil d'administration a nomm茅 Jesus Soto Jr. (58 ans) au poste de vice-pr茅sident ex茅cutif et directeur des op茅rations, 脿 compter du 11 ao没t 2025. Soto rejoint Quanta Services et apporte une exp茅rience ant茅rieure en tant que COO et dans les op茅rations gazi猫res senior chez Mears Group et PG&E. Sa r茅mun茅ration comprend un salaire de base de 725 000 $, un STI cible de 80 %, un LTI cible de 260 % et un rachat de RSU 脿 acquisition progressive de 6 millions de dollars (acquisition de 25 % par an sur quatre ans). Il participera aux plans existants d'avantages, d'incitations et de changement de contr么le. Aucune relation ou accord avec des parties li茅es n'a 茅t茅 signal茅.
  • Modification du plan de r茅mun茅ration diff茅r茅e : Le 17 juillet 2025, le conseil a approuv茅 un cinqui猫me amendement permettant aux cadres de niveau SVP ou sup茅rieur de diff茅rer jusqu'脿 90 % de leur salaire et/ou incitation 脿 court terme, 脿 compter du 1er janvier 2026. Le plan reste une obligation non financ茅e et non qualifi茅e de la soci茅t茅.

Aucun r茅sultat financier, pr茅vision de revenus ou transaction importante n'a 茅t茅 inclus. Les annexes comprennent la lettre d'offre de Soto, les documents modifi茅s du plan et le communiqu茅 de presse associ茅.

CenterPoint Energy, Inc. (CNP) reichte ein 8-K ein, in dem zwei Governance-Ma脽nahmen offengelegt wurden.

  • Exekutiveinstellung: Der Vorstand ernannte Jesus Soto Jr. (58 Jahre) zum Executive VP und Chief Operating Officer mit Wirkung zum 11. August 2025. Soto kommt von Quanta Services und bringt fr眉here COO- und leitende Erfahrungen im Gasbetrieb bei Mears Group und PG&E mit. Die Verg眉tung umfasst ein Grundgehalt von 725.000 USD, ein Ziel-STI von 80 %, ein Ziel-LTI von 260 % sowie einen zeitlich gestaffelten RSU-Kauf im Wert von 6 Millionen USD (j盲hrliche Vesting-Rate von 25 % 眉ber vier Jahre). Er wird an bestehenden Leistungs-, Anreiz- und Kontrollwechselpl盲nen teilnehmen. Es wurden keine Beziehungen oder Vereinbarungen mit verbundenen Parteien gemeldet.
  • 脛nderung des Deferred Compensation Plans: Am 17. Juli 2025 genehmigte der Vorstand eine f眉nfte 脛nderung, die es leitenden Angestellten auf SVP-Ebene oder h枚her erm枚glicht, bis zu 90 % ihres Gehalts und/oder kurzfristigen Anreizes ab dem 1. Januar 2026 aufzuschieben. Der Plan bleibt eine nicht finanzierte, nicht qualifizierte Verpflichtung des Unternehmens.

Finanzergebnisse, Umsatzprognosen oder wesentliche Transaktionen wurden nicht enthalten. Die Anlagen umfassen das Angebotsschreiben von Soto, ge盲nderte Planunterlagen und die dazugeh枚rige Pressemitteilung.

Positive
  • Seasoned industry executive appointed COO, potentially enhancing operational efficiency and safety culture.
  • Comprehensive disclosure of compensation and plan amendments supports governance transparency.
Negative
  • Incremental equity dilution and compensation expense from $6 million RSU grant, though immaterial to market cap.
  • Higher deferred-comp capacity could increase long-term benefit obligations if heavily utilized.

Insights

TL;DR: New COO hire strengthens operations bench; limited immediate financial impact.

Soto鈥檚 deep gas and infrastructure background may improve CNP鈥檚 execution on regulated utility cap-ex projects and safety initiatives, key value drivers in the rate-base growth story. The $6 million RSU grant and higher STI/LTI targets are modest relative to CNP鈥檚 $19 billion market cap and should not alter earnings trajectory. Deferred-comp changes raise potential future liabilities but simply expand elective deferrals and do not affect cash outflow timing near term. Overall impact is managerial, not financial, keeping the investment thesis intact.

TL;DR: Governance-aligned disclosure; comp structure within peer norms.

The filing provides full transparency on compensation elements, vesting schedules and plan amendments, aligning with best-practice disclosure standards. The buy-out award fairly compensates forfeited equity and is subject to service-based vesting, mitigating retention risk. Allowing 90% salary/STI deferral increases executive flexibility without adding guaranteed benefits. I see no red flags regarding related-party transactions or excessive perks.

CenterPoint Energy, Inc. (CNP) ha presentato un modulo 8-K comunicando due azioni di governance.

  • Assunzione esecutiva: Il Consiglio ha nominato Jesus Soto Jr. (58 anni) come Executive VP e Chief Operating Officer, con decorrenza 11 agosto 2025. Soto arriva da Quanta Services e porta con s茅 esperienza pregressa come COO e senior nelle operazioni del gas presso Mears Group e PG&E. La retribuzione comprende uno stipendio base di 725.000 dollari, un obiettivo STI dell'80%, un obiettivo LTI del 260% e un buy-out di RSU con maturazione temporale da 6 milioni di dollari (25% di maturazione annuale per quattro anni). Parteciper脿 ai piani esistenti di benefit, incentivi e cambi di controllo. Non sono stati segnalati rapporti o accordi con parti correlate.
  • Modifica al Piano di Compensazione Differita: Il 17 luglio 2025, il Consiglio ha approvato una Quinta Modifica che consente agli ufficiali di livello SVP o superiore di differire fino al 90% dello stipendio e/o dell'incentivo a breve termine, con efficacia dal 1 gennaio 2026. Il piano rimane un obbligo non finanziato e non qualificato della societ脿.

Non sono stati inclusi risultati finanziari, previsioni di ricavi o operazioni materiali. Gli allegati comprendono la lettera d'offerta a Soto, i documenti modificati del piano e il comunicato stampa associato.

CenterPoint Energy, Inc. (CNP) present贸 un formulario 8-K revelando dos acciones de gobernanza.

  • Contrataci贸n ejecutiva: La Junta nombr贸 a Jesus Soto Jr. (58 a帽os) como Vicepresidente Ejecutivo y Director de Operaciones, con efecto a partir del 11 de agosto de 2025. Soto proviene de Quanta Services y aporta experiencia previa como COO y en operaciones senior de gas en Mears Group y PG&E. La compensaci贸n incluye un salario base de 725,000 d贸lares, un STI objetivo del 80%, un LTI objetivo del 260% y una compra de RSU con adquisici贸n temporal de 6 millones de d贸lares (25% de adquisici贸n anual durante cuatro a帽os). Participar谩 en los planes existentes de beneficios, incentivos y cambio de control. No se reportaron relaciones o acuerdos con partes relacionadas.
  • Enmienda al Plan de Compensaci贸n Diferida: El 17 de julio de 2025, la Junta aprob贸 una Quinta Enmienda que permite a los oficiales de nivel SVP o superior diferir hasta el 90% de su salario y/o incentivo a corto plazo, con vigencia desde el 1 de enero de 2026. El plan sigue siendo una obligaci贸n no financiada y no calificada de la compa帽铆a.

No se incluyeron resultados financieros, previsiones de ingresos ni transacciones materiales. Los anexos comprenden la carta oferta de Soto, los documentos del plan enmendados y el comunicado de prensa adjunto.

CenterPoint Energy, Inc. (CNP)臧� 霊� 臧�歆� 瓯半矂雱岇姢 臁办箻毳� 瓿店皽頃橂姅 8-K毳� 鞝滌稖頄堨姷雼堧嫟.

  • 鞛勳洂 毂勳毄: 鞚挫偓須岆姅 Jesus Soto Jr.(58靹�)毳� 2025雲� 8鞗� 11鞚茧秬搿� Executive VP 瓴� 斓滉碃鞖挫榿毂呾瀯鞛�(COO)搿� 鞛勲獏頄堨姷雼堧嫟. Soto電� Quanta Services 於滌嫚鞚措┌ Mears Group瓿� PG&E鞐愳劀 COO 氚� 臧�鞀� 鞖挫榿 瓿犾渼 瓴诫牓鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 氤挫垬電� 鞐半磯 72毵� 5觳� 雼煬, 氇╉憸 雼赴 鞚胳劶韹半笇(STI) 80%, 氇╉憸 鞛リ赴 鞚胳劶韹半笇(LTI) 260%, 4雲勳棎 瓯胳硱 鞐� 25%鞌� 氩犾姢韺呺悩電� 600毵� 雼煬 攴滊鞚� 鞁滉皠 旮半皹 RSU 毵れ垬 氤挫儊鞙茧 甑劚霅╇媹雼�. 旮办〈 氤惦Μ頉勳儩, 鞚胳劶韹半笇 氚� 歆�氚瓣惮臁� 氤�瓴� 瓿勴殟鞐� 彀胳棳頃╇媹雼�. 甏�霠� 雼轨偓鞛� 甏�瓿勲倶 瓿勳暯鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�.
  • 鞚挫棸 氤挫儊 瓿勴殟 靾橃爼: 2025雲� 7鞗� 17鞚�, 鞚挫偓須岆姅 SVP旮� 鞚挫儊 鞛勳洂霌れ澊 2026雲� 1鞗� 1鞚茧秬韯� 旮夓棳 氚�/霕愲姅 雼赴 鞚胳劶韹半笇鞚� 斓滊寑 90%毳� 鞚挫棸頃� 靾� 鞛堧弰搿� 項堨毄頃橂姅 雼れ劘 氩堨Ц 靾橃爼鞎堨潉 鞀轨澑頄堨姷雼堧嫟. 頃措嫻 瓿勴殟鞚� 須岇偓鞚� 氍措嫶氤� 牍勳爜瓴� 攵�毂勲 鞙犾霅╇媹雼�.

鞛 鞁れ爜, 靾橃澋 鞝勲 霕愲姅 欤检殧 瓯半灅電� 韽暔霅橃 鞎婌晿鞀惦媹雼�. 觳秬 氍胳劀搿滊姅 Soto鞚� 鞝滌晥靹�, 靾橃爼霅� 瓿勴殟 氍胳劀 氚� 甏�霠� 氤措弰鞛愲臧� 鞛堨姷雼堧嫟.

CenterPoint Energy, Inc. (CNP) a d茅pos茅 un formulaire 8-K divulguant deux actions de gouvernance.

  • Recrutement ex茅cutif : Le conseil d'administration a nomm茅 Jesus Soto Jr. (58 ans) au poste de vice-pr茅sident ex茅cutif et directeur des op茅rations, 脿 compter du 11 ao没t 2025. Soto rejoint Quanta Services et apporte une exp茅rience ant茅rieure en tant que COO et dans les op茅rations gazi猫res senior chez Mears Group et PG&E. Sa r茅mun茅ration comprend un salaire de base de 725 000 $, un STI cible de 80 %, un LTI cible de 260 % et un rachat de RSU 脿 acquisition progressive de 6 millions de dollars (acquisition de 25 % par an sur quatre ans). Il participera aux plans existants d'avantages, d'incitations et de changement de contr么le. Aucune relation ou accord avec des parties li茅es n'a 茅t茅 signal茅.
  • Modification du plan de r茅mun茅ration diff茅r茅e : Le 17 juillet 2025, le conseil a approuv茅 un cinqui猫me amendement permettant aux cadres de niveau SVP ou sup茅rieur de diff茅rer jusqu'脿 90 % de leur salaire et/ou incitation 脿 court terme, 脿 compter du 1er janvier 2026. Le plan reste une obligation non financ茅e et non qualifi茅e de la soci茅t茅.

Aucun r茅sultat financier, pr茅vision de revenus ou transaction importante n'a 茅t茅 inclus. Les annexes comprennent la lettre d'offre de Soto, les documents modifi茅s du plan et le communiqu茅 de presse associ茅.

CenterPoint Energy, Inc. (CNP) reichte ein 8-K ein, in dem zwei Governance-Ma脽nahmen offengelegt wurden.

  • Exekutiveinstellung: Der Vorstand ernannte Jesus Soto Jr. (58 Jahre) zum Executive VP und Chief Operating Officer mit Wirkung zum 11. August 2025. Soto kommt von Quanta Services und bringt fr眉here COO- und leitende Erfahrungen im Gasbetrieb bei Mears Group und PG&E mit. Die Verg眉tung umfasst ein Grundgehalt von 725.000 USD, ein Ziel-STI von 80 %, ein Ziel-LTI von 260 % sowie einen zeitlich gestaffelten RSU-Kauf im Wert von 6 Millionen USD (j盲hrliche Vesting-Rate von 25 % 眉ber vier Jahre). Er wird an bestehenden Leistungs-, Anreiz- und Kontrollwechselpl盲nen teilnehmen. Es wurden keine Beziehungen oder Vereinbarungen mit verbundenen Parteien gemeldet.
  • 脛nderung des Deferred Compensation Plans: Am 17. Juli 2025 genehmigte der Vorstand eine f眉nfte 脛nderung, die es leitenden Angestellten auf SVP-Ebene oder h枚her erm枚glicht, bis zu 90 % ihres Gehalts und/oder kurzfristigen Anreizes ab dem 1. Januar 2026 aufzuschieben. Der Plan bleibt eine nicht finanzierte, nicht qualifizierte Verpflichtung des Unternehmens.

Finanzergebnisse, Umsatzprognosen oder wesentliche Transaktionen wurden nicht enthalten. Die Anlagen umfassen das Angebotsschreiben von Soto, ge盲nderte Planunterlagen und die dazugeh枚rige Pressemitteilung.

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


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): July 17, 2025

Registrant, State or Other Jurisdiction
 of Incorporation or Organization
Commission file numberAddress of Principal Executive Offices, Zip Code
 and Telephone Number		I.R.S. Employer Identification No.
  
1-31447CenterPoint Energy, Inc.74-0694415
(a Texas corporation)
1111 Louisiana
HoustonTexas77002
(713)207-1111
1-3187CenterPoint Energy Houston Electric, LLC22-3865106
(a Texas limited liability company)
1111 Louisiana
HoustonTexas77002
(713)207-1111
1-13265CenterPoint Energy Resources Corp.76-0511406
(a Delaware corporation)
1111 Louisiana
HoustonTexas77002
(713)207-1111

    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. below):

    ☐    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))


Securities registered pursuant to Section 12(b) of the Act:
RegistrantTitle of each classTrading Symbol(s)Name of each exchange on which registered
CenterPoint Energy, Inc.Common Stock, $0.01 par valueCNPThe New York Stock Exchange
NYSE Texas
CenterPoint Energy Houston Electric, LLC6.95% General Mortgage Bonds due 2033n/aThe New York Stock Exchange
CenterPoint Energy Resources Corp. 6.625% Senior Notes due 2037n/aThe New York Stock Exchange

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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging Growth Company ☐

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. o



Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Chief Operating Officer

On July 21, 2025, CenterPoint Energy, Inc. (the “Company”) appointed Jesus Soto, Jr. to the position of Executive Vice President and Chief Operating Officer of the Company, effective August 11, 2025.

Jesus Soto, Jr., 58, served as Executive Vice President, Utility Performance Solutions of Quanta Services, Inc. (“Quanta”), a publicly-traded energy infrastructure services company, since October 2023. He previously served as the Chief Operating Officer for Mears Group, Inc., a wholly-owned subsidiary of Quanta, from September 2019 to September 2023, and as Senior Vice President of Gas Operations for PG&E Corporation (“PG&E”), a publicly traded electric utility holding company serving approximately 16 million customers through its subsidiary Pacific Gas and Electric Company, from May 2012 to July 2019. Prior to joining PG&E, he served as Vice President of Operations Services and Vice President of Engineering and Construction for the Pipeline Group of El Paso Corporation, a former publicly traded natural gas and related energy products provider. Mr. Soto earned his bachelor's degree from the University of Texas at El Paso, his master's degree in civil engineering from Texas A&M University, and his master's degree in business administration from the University of Phoenix. Mr. Soto serves on the Board of Directors of GTI Energy, an energy technology development and training company, and as Chair of the Industry Pipeline Safety Management Systems Team of the American Petroleum Institute.

In connection with his appointment, Mr. Soto will receive a base salary of $725,000 per year and will be eligible to participate in the Company’s compensation and benefits plans and programs for similarly situated executives, including the Company’s change in control plan and incentive plans. The incentive plans include the Company’s Short-Term Incentive Plan (“STI”) and the Long-Term Incentive Plan (“LTI”). His initial target STI award level will be 80% of base salary, his target LTI award level will be 260% of base salary, and his awards for 2025 will not be subject to proration. In addition, to replace forfeited equity value from his prior employer, Mr. Soto will receive a buyout equity award consisting of restricted stock units valued at $6 million, which will vest 25% on each of the first four anniversaries of his employment start date, contingent upon his continued employment, or upon earlier disability, death or involuntary termination of employment by the Company without cause.

The appointment of Mr. Soto was not pursuant to any agreement or understanding between him and any other person. There is no family relationship between Mr. Soto and any director or executive officer of the Company, and there are no transactions between Mr. Soto and the Company that are required to be reported under Item 404(a) of Regulation S-K.

A copy of the press release announcing the appointment of Mr. Soto is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The description of the offer letter is qualified in its entirety by reference to the full text of the offer letter, which is included as Exhibit 10.1, hereto and incorporated by reference herein.

Deferred Compensation Plan

On July 17, 2025, the Board of Directors (the “Board”) of the Company approved the Fifth Amendment (the “Amendment”) to the CenterPoint Energy 2005 Deferred Compensation Plan (as amended and restated effective January 1, 2009 and thereafter amended) (the “Deferred Compensation Plan”) to allow officers at the senior vice president level or higher to defer compensation under the Deferred Compensation Plan up to 90% of salary and/or short term incentive compensation, effective January 1, 2026 and subject to the terms and conditions of the plan. The Deferred Compensation Plan is a nonqualified, unfunded plan for state and federal tax purposes, and participants are general, unsecured creditors of the Company.

The descriptions of the Deferred Compensation Plan and the Amendment are qualified in their entirety by reference to the full text of the Deferred Compensation Plan and the Amendment, which are included as Exhibits 10.2, 10.3, 10.4, 10.5, 10.6 and 10.7, respectively, hereto and incorporated by reference herein.

Item 9.01.    Financial Statements and Exhibits.

(d)    Exhibits.


 
   
EXHIBIT
NUMBER
  EXHIBIT DESCRIPTION
  
10.1
Jesus Soto, Jr. Offer Letter
10.2
Amended and Restated CenterPoint Energy 2005 Deferred Compensation Plan, effective January 1, 2009 (incorporated by reference to Exhibit 10.1 to the Quarterly Report on Form 10-Q of the Company for the quarter ended September 30, 2008)
10.3
First Amendment effective March 1, 2022 to Amended and Restated CenterPoint Energy 2005 Deferred Compensation Plan effective January 1, 2009 (incorporated by reference to Exhibit 10.10 of the Current Report on Form 8-K of the Company filed April 22, 2022)
10.4
Second Amendment effective May 1, 2022 to Amended and Restated CenterPoint Energy 2005 Deferred Compensation Plan effective January 1, 2009 (incorporated by reference to Exhibit 10.11 to the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2022)
10.5
Third Amendment effective October 1, 2023 to Amended and Restated CenterPoint Energy 2005 Deferred Compensation Plan effective January 1, 2009 (incorporated by reference to Exhibit 10.1 to the Quarterly Report on Form 10-Q of the Company for the quarter ended September 30, 2023)
10.6
Partial Termination Amendment effective April 1, 2024 to Amended and Restated CenterPoint Energy 2005 Deferred Compensation Plan effective January 1, 2009 (incorporated by reference to Exhibit 10(1) to the Annual Report on Form 10-K of the Company for the year ended December 31, 2023)
10.7
Form of Fifth Amendment Effective January 1, 2026 to Amended and Restated CenterPoint Energy 2005 Deferred Compensation Plan effective January 1, 2009
99.1
Press Release Issued July 21, 2025 regarding the appointment of Jesus Soto, Jr.
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document


SIGNATURE

    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.

CENTERPOINT ENERGY, INC.
Date: July 21, 2025
By:/s/ Monica Karuturi
Monica Karuturi
Executive Vice President and General Counsel


SIGNATURE

    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.

CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
Date: July 21, 2025
By:/s/ Monica Karuturi
Monica Karuturi
Executive Vice President and General Counsel

SIGNATURE

    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.

CENTERPOINT ENERGY RESOURCES CORP.
Date: July 21, 2025By:/s/ Monica Karuturi
Monica Karuturi
Executive Vice President and General Counsel


Source:

FAQ

What position was Jesus Soto Jr. appointed to at CenterPoint Energy (CNP)?

He will become Executive Vice President & Chief Operating Officer effective August 11, 2025.

What is the base salary and incentive opportunity for CNP's new COO?

Base salary is $725,000; target Short-Term Incentive is 80% of salary and Long-Term Incentive is 260% of salary.

How much equity will Jesus Soto Jr. receive as a buy-out grant?

He will receive $6 million in restricted stock units, vesting 25% annually over four years.

What change was made to CenterPoint Energy's Deferred Compensation Plan?

Officers at SVP level or higher may now defer up to 90% of salary and/or short-term incentive, effective January 1, 2026.

Does the 8-K report any related-party transactions with the new COO?

No. The filing states there are no transactions requiring disclosure under Item 404(a) of Regulation S-K.
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Centerpoint Energy Inc

NYSE:CNP

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CNP Latest News

Jul 21, 2025
CenterPoint Energy Names Well-Respected Energy Industry Executive Jesus Soto, Jr as Chief Operating Officer
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CNP Latest SEC Filings

Jul 1, 2025
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Utilities - Regulated Electric
Electric Services
United States
HOUSTON