Business Context and Reporting Period
This Form 8-K is a current report filed by the Tennessee Valley Authority (TVA), a corporate agency of the United States. The report covers the date of January 3, 2014, regarding a specific governance event.
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 a personnel change and contains no financial data.
Material Changes
The material change reported is the departure of Neil McBride from the TVA Board of Directors. His term officially ended on January 3, 2014, coinciding with the adjournment of the first session of the 113th Congress. Although his original term expired on May 18, 2013, the TVA Act permitted him to continue serving until the conclusion of the congressional session.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the statutory departure of the director.
Key Facts for Investors
- Neil McBride's tenure as a TVA Board Director concluded on January 3, 2014.
- The departure was triggered by the adjournment of the 113th Congress, which extended his service beyond his original expiration date of May 18, 2013.
- No financial performance data or strategic outlook is included in this specific filing.