Monitor the next quarterly earnings for any strategic shifts under the new CFO, but this filing is a routine succession event with no immediate trading catalyst for CMS-PC.
Price Chart
Executive Summary
CMS Energy announced the retirement of CFO Rejji P. Hayes, effective June 3, 2026, and the appointment of Sri Maddipati as his successor. Maddipati, a 12-year company veteran most recently serving as senior vice president and president of electric supply, will receive a base salary of $775,000 and $750,000 in tenure-based restricted stock. The company also reaffirmed its prior guidance. For the preferred stock CMS-PC, this is a routine leadership transition with no credit-material implications.
Key Facts
- CFO Rejji P. Hayes retired effective June 3, 2026.
- Sri Maddipati appointed as Executive Vice President and CFO, effective June 3, 2026.
- Maddipati's base salary set at $775,000 annually with an 80% target bonus under the Incentive Compensation Plan.
- Maddipati received $750,000 in tenure-based restricted stock vesting on his third-year service anniversary.
- CMS Energy reaffirmed its guidance as provided on April 28, 2026.
- Chris Fultz named senior vice president and president of electric supply, effective June 3, 2026.
Financial Impact
No financial impact disclosed; guidance reaffirmed.
Risk Factors
- Potential execution risk during CFO transition, though internal promotion mitigates this.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-070037 |
| Document: tm2616692d1_ex99-1.htm | 0001104659-26-070037 |
| Document: 0001104659-26-070037-index-headers.html | 0001104659-26-070037 |
| Document: 0001104659-26-070037-index.html | 0001104659-26-070037 |
| Document: 0001104659-26-070037.txt | 0001104659-26-070037 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 28, 2026 9w ago | 8-K | $74.37 $68.74 | ▼ −7.57% | ▼ −10.95% | $63.83 (−14.17%) |
Jun 3, 2026 17w ago | 8-K | $16.95 $16.90 | ▼ −0.30% | ▲ +0.70% | $63.83 (+276.69%) |
May 13, 2026 20w ago | 8-K | $17.20 $16.95 | ▼ −1.48% | ▼ −0.62% | $63.83 (+271.10%) |
May 13, 2026 20w ago | 424B5 | $17.20 $16.95 | ▲ +1.48% | ▲ +0.62% | $63.83 (−271.10%) |
Apr 28, 2026 22w ago | 8-K | $17.21 $17.03 | ▼ −1.07% | ▼ −6.53% | $63.83 (+270.89%) |
Apr 1, 2026 26w ago | DEFA14A | $16.59 $16.97 | ▲ +2.29% | ▼ −7.43% | $63.83 (+284.75%) |
Feb 25, 2026 31w ago | Insider Cluster | $76.00 $75.44 | ▼ −0.74% | ▲ +4.50% | $63.83 (−16.01%) |
Feb 25, 2026 31w ago | Insider Cluster | $76.00 $75.44 | ▼ −0.74% | ▲ +4.50% | $63.83 (−16.01%) |
US Market Status
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