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AI brief of an SEC Form 8-K · Pinnacle West Capital (PNW)

Pinnacle West CEO Jeff Guldner to retire; Ted Geisler named successor April 1, 2025

Neutral Impact 4 of 5 leadership Written later

Pinnacle West Capital Corp. said CEO and Chairman Jeff Guldner will retire effective April 1, 2025, and APS President Ted Geisler will succeed him as Chairman, President and CEO of Pinnacle West and as Chairman and CEO of Arizona Public Service. The filing does not discuss financial results, and it gives the compensation terms for both executives.

Key points

  • Guldner stays on as a non-officer special advisor to the CEO until March 31, 2026, and his base salary falls to $600,000 beginning April 1, 2025.
  • Geisler's base salary rises to $1,000,000 on April 1, 2025, and he receives a $3,000,000 long-term incentive grant on that date, both contingent on him taking the new roles.
  • Geisler was appointed to the Pinnacle West and APS boards effective December 11, 2024, with no additional compensation.
  • Geisler has been APS President since May 2022 and served as Pinnacle West and APS Chief Financial Officer from January 2020 to May 2022.

The filing

CompanyPinnacle West Capital (PNW)
Form8-K, current report
Filed with the SECDec 12, 2024, 5:16 PM ET
Accession number0000764622-24-000088

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 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 December 12, 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.