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AI brief of an SEC Form 8-K · NiSource (NI)

NiSource says Chief Innovation Officer Donald Brown is leaving; last day April 1, 2024

Neutral Impact 2 of 5 leadership Written later

NiSource Inc. disclosed that Executive Vice President and Chief Innovation Officer Donald Brown will depart the company, with a separation date on or before May 1, 2024 and an expected last day of April 1, 2024. Brown signed a separation agreement dated March 15, 2024, under which he receives a lump sum equal to his annual salary plus 130% of the cost of 52 weeks of COBRA coverage, subject to signing a release of claims. The filing describes the terms as consistent with the company's Executive Severance Policy, so the departure appears routine for shareholders.

Key points

  • Donald Brown, EVP and Chief Innovation Officer, departs; last day expected April 1, 2024
  • Separation Date on or before May 1, 2024; departure was first reported February 19, 2024
  • Severance: lump sum of annual salary plus 130% of 52 weeks of COBRA coverage, conditioned on a release of claims
  • Full Separation Agreement dated March 15, 2024 filed as Exhibit 10.1

The filing

CompanyNiSource (NI)
Form8-K, current report
Filed with the SECMar 15, 2024, 4:15 PM ET
Accession number0001193125-24-069151

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 15, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.