Monitor the next quarterly filing for any strategic shifts under new leadership, but this internal succession is unlikely to alter the credit profile supporting the preferred dividend.
Price Chart
Executive Summary
Entergy Texas, Inc. announced the appointment of David C. Borde as Chairman, President, and CEO, effective October 5, 2026, succeeding Eliecer Viamontes who resigned. Mr. Borde, an internal candidate from Entergy Services, LLC, will receive a $450,000 base salary and standard executive benefits. This is a routine leadership transition with no financial impact on the preferred stock.
Key Facts
- David C. Borde appointed Chairman, President, and CEO effective October 5, 2026
- Eliecer Viamontes resigned from all positions effective the same date
- Mr. Borde previously served as VP, Utility Strategy and Regulatory Initiatives at Entergy Services, LLC
- Annual base salary of $450,000 with target cash bonus of 55% of base salary
- Eligible for performance units, restricted stock, and stock options under the 2019 Entergy Corporation Omnibus Incentive Plan
Financial Impact
No material financial impact; CEO compensation disclosed as $450,000 base salary with standard incentive programs
Risk Factors
- No material risks identified from this routine leadership change
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001427437-26-000009 |
| Document: 0001427437-26-000009-index-headers.html | 0001427437-26-000009 |
| Document: 0001427437-26-000009-index.html | 0001427437-26-000009 |
| Document: 0001427437-26-000009.txt | 0001427437-26-000009 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 22d ago | 8-K | $20.78 | awaiting T+20 | — | $20.84 (+0.29%) |
Jul 29, 2026 12w ago | 8-K | $23.48 $23.75 | ▲ +1.15% | ▼ −3.87% | $20.84 (−11.24%) |
May 14, 2026 23w ago | 8-K | $24.13 $24.37 | ▲ +0.99% | ▲ +1.84% | $20.84 (−13.63%) |
Apr 29, 2026 25w ago | 8-K | $24.05 $24.30 | ▲ +1.04% | ▼ −4.42% | $20.84 (−13.35%) |
US Market Status
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