Business Context and Reporting Period
This Form 8-K is a current report filed by Dominion Energy, Inc. on June 25, 2025. The filing addresses Item 5.02 regarding the departure of a senior officer and the election of a new officer to the same role.
Key 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 personnel changes and does not contain financial performance data.
Material Changes
- Departure: Ms. Michele L. Cardiff notified the company of her intent to retire as Senior Vice President, Controller, and Chief Accounting Officer, effective October 1, 2025.
- Appointment: The Board of Directors elected Mr. Gary G. Ratliff, Jr. to succeed Ms. Cardiff as Vice President, Controller, and Chief Accounting Officer, effective October 1, 2025.
- Compensation: Mr. Ratliff's annual base salary will increase to $290,035 upon assuming the new role.
Outlook, Risks, and Management Commentary
The filing contains no guidance, outlook, or discussion of risks and contingencies. Mr. Ratliff is an internal promotion; he is currently Vice President – Accounting (since April 1, 2025) and previously served as Controller in the research reporting and controls group (February 2024 to March 2025) and Director of Accounting (September 2015 to February 2024). He is a certified public accountant with a bachelor's degree in commerce from the University of Virginia.
Investor Verification Checklist
- Confirm the effective date of the leadership transition (October 1, 2025).
- Verify the new annual base salary of $290,035 for the Chief Accounting Officer.
- Review Mr. Ratliff's internal tenure and qualifications as disclosed in the filing.
- Note that this filing does not impact current financial statements or operational metrics.