Business Context and Reporting Period
This Form 8-K is a current report filed by CMS Energy Corporation and Consumers Energy Company on June 1, 2026, regarding events occurring on June 3, 2026. The filing primarily addresses executive leadership changes within the organization.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on personnel changes and compensation arrangements rather than periodic financial performance.
Material Changes
- Executive Departure: Rejji P. Hayes retired as Executive Vice President and Chief Financial Officer for both CMS Energy and Consumers Energy, effective June 3, 2026.
- Executive Appointment: Srikanth (Sri) Maddipati was appointed to succeed Hayes as Executive Vice President and Chief Financial Officer for both entities, effective June 3, 2026.
- Compensation Arrangement: The Compensation Committee approved a base salary of $775,000 annually for Maddipati. His standard award percentage under the Incentive Compensation Plan was increased to 80% of base salary. Additionally, he received $750,000 in tenure-based restricted stock, which cliff vests on his third-year service anniversary.
Guidance, Outlook, and Risks
CMS Energy reaffirmed its guidance as provided on April 28, 2026. The filing includes standard forward-looking statement disclaimers, noting that results could differ materially due to risks and uncertainties detailed in other SEC filings. No new risks or contingencies specific to this event were disclosed beyond the standard legal language.
Investor Verification Checklist
- Verify the effective date of the CFO transition (June 3, 2026).
- Review the specific terms of the $750,000 restricted stock award and its vesting schedule.
- Confirm the reaffirmation of the April 28, 2026 guidance in subsequent investor communications.
- Check Exhibit 99.1 for the full CMS Energy News Release regarding additional leadership roles.