Every material Form 8-K Centrus Energy filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Centrus Energy said the NYSE approved transferring the listing of its Class A common stock and associated rights from the NYSE American to the NYSE, with the ticker unchanged at LEU. The company expects trading on the NYSE to begin December 4, 2025, and said the move is intended to provide improved liquidity and wider investor visibility.
Class A common stock and associated Rights will stop trading on the NYSE American after market close on December 3, 2025.
Trading on the NYSE is expected to begin at the opening on December 4, 2025, under the symbol LEU.
CFO Todd Tinelli said the move is expected to provide improved liquidity for shareholders and a broader investor base.
Centrus Energy Corp. entered into a Sales Agreement with ten sales agents for an at-the-market program allowing it to sell up to $1 billion of Class A common stock at its discretion. The company is not obligated to sell any shares, and sales would be made at prevailing market prices, with a 1.50% commission on gross proceeds. Any proceeds would be used for general working capital and corporate purposes, which may include debt repayment or repurchase, capital expenditures and acquisitions, so shareholders could face dilution if shares are sold.
Program covers up to $1,000,000,000 aggregate offering price of Class A common stock, par value $0.10 per share.
Sales agents receive a commission equal to 1.50% of gross sales proceeds.
Shares would be issued under a Form S-3 registration statement (File No. 333-291305) filed and automatically effective on November 6, 2025.
Company says it is not obligated to sell any shares and expects to use any proceeds for general working capital and corporate purposes.
Centrus Energy reported third quarter 2025 results with net income of $3.9 million, or $0.19 per diluted share, compared with a net loss of $5.0 million a year earlier. Revenue rose 30% to $74.9 million, but the company posted a gross loss of $4.3 million and an operating loss of $16.6 million, and the profit was supported by a $12.9 million investment income line and an $11.9 million income tax benefit.
Total revenue of $74.9 million, up from $57.7 million in Q3 2024; LEU segment revenue was $44.8 million and Technical Solutions revenue was $30.1 million
Gross loss of $4.3 million, compared with gross profit of $8.9 million in Q3 2024; LEU segment gross loss of $7.8 million
Cash and cash equivalents of $1,631.8 million at September 30, 2025, after the $805.0 million 0% convertible senior notes issued August 18, 2025
Backlog of $3.9 billion as of September 30, 2025, extending to 2040
Centrus Energy's former CFO, Kevin J. Harrill, resigned effective August 10, 2025, and will stay employed through August 29, 2025 to help transition his duties. Under a Waiver and Release Agreement effective August 21, 2025, the company agreed to pay him $608,344, a pro rata 2025 cash incentive with a minimum of $159,120, and one year of health insurance premiums, and to accelerate 5,722 unvested performance-based restricted stock units. Separately, director Stephanie O'Sullivan resigned from the Board effective August 22, 2025, and the filing states her departure is not due to any disagreement with the company.
Kevin J. Harrill resigned as SVP, CFO and Treasurer effective August 10, 2025, and remains employed until August 29, 2025
Harrill's Waiver and Release Agreement provides a $608,344 cash payment and a 2025 incentive minimum of $159,120, subject to company performance
The company will accelerate 5,722 unvested performance-based RSUs if Harrill stays through August 29, 2025 and serves as an advisor
Stephanie O'Sullivan resigned from the Board effective August 22, 2025, with no disagreement cited
Centrus Energy issued $805 million of 0% convertible senior notes due August 15, 2032, in a private placement to qualified institutional buyers. The company reports net proceeds of about $782.1 million and intends to use them for general corporate purposes, adding a significant new debt obligation that holders could convert into Class A common stock.
Principal amount: $805 million of 0% convertible senior notes due August 15, 2032, issued August 18, 2025
Net proceeds: approximately $782.1 million after initial purchasers' discounts and estimated offering expenses
Initial conversion price: approximately $229.62 per Class A share (4.3551 shares per $1,000 principal)
Notes are senior unsecured and rank equal to the company's 2.25% Notes due 2030 in right of payment
Centrus Energy's chief financial officer, Kevin Harrill, resigned on August 7, 2025, to pursue other opportunities, and the board appointed Todd Tinelli to succeed him effective August 11, 2025. Harrill will stay in an advisory role until August 29, 2025, and the company says the departure is not due to any disagreement over operations, policies or practices.
Kevin Harrill resigned as SVP, CFO and Treasurer, effective August 10, 2025, and will advise through August 29, 2025
Todd Tinelli, 45, becomes SVP, CFO and Treasurer effective August 11, 2025; previously CFO and COO of Hartree Partners and Sprague Resources
Tinelli's compensation includes a $425,000 base salary, up to $125,000 relocation benefits, an 80% bonus target, and equity awards of $100,000 stock and $300,000 RSUs
Tinelli must obtain and maintain a DOE "Q" security clearance within 18 months
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Centrus Energy filing is on SEC EDGAR ↗. 8-K briefs of other companies →