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 date is December 22, 2010, covering the departure of a Board member.
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 material change reported is the departure of Howard A. Thrailkill from the TVA Board of Directors. His term officially ended on December 22, 2010, coinciding with the adjournment of the session of Congress. Although his original term expired on May 18, 2010, the TVA Act permitted him to continue serving until the end 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.
Key Facts for Investors
- Howard A. Thrailkill's tenure as a TVA Director concluded on December 22, 2010.
- Mr. Thrailkill's original term expired in May 2010, but statutory provisions allowed him to serve until the end of the congressional session.
- The report contains no financial data or operational updates.