Business Context and Reporting Period
This Form 8-K Current Report was filed by the Tennessee Valley Authority (TVA), a corporate agency of the United States, on January 4, 2018. The report covers events occurring on January 3, 2018.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes.
Material Changes
The primary material change reported is the departure of two Board of Directors members:
- Marilyn A. Brown and V. Lynn Evans ceased serving as Directors on January 3, 2018.
- Their terms officially expired on May 18, 2017, but the TVA Act permitted them to continue serving until the adjournment of the most recent session of Congress.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirm the effective date of the Board vacancies (January 3, 2018).
- Verify the appointment of new Directors to fill the vacancies left by Marilyn A. Brown and V. Lynn Evans.
- Review the TVA Act provisions regarding Director tenure extensions during Congressional sessions.