SOUTHERN CALIFORNIA GAS CO 8-K

What Happened

• Southern California Gas Co. (SoCalGas) filed an 8-K reporting executive leadership changes announced January 8, 2026 (and a resignation notice on January 6, 2026). The SoCalGas board appointed Valerie A. Bille as Senior Vice President and Chief Financial Officer for SoCalGas; she will retain her SVP & CFO roles at SDG&E under a shared-officer model. David J. Barrett notified SoCalGas that he will resign as SVP & General Counsel and was appointed SVP & Deputy General Counsel of Litigation and Regulatory for Sempra. The board appointed Robert J. Borthwick as SVP & General Counsel for SoCalGas (also appointed to the same roles at SDG&E). Mia L. DeMontigny provided notice on January 6, 2026 that she will resign as SVP, Chief Financial Officer and Treasurer for SoCalGas. All changes and related compensation adjustments are effective January 31, 2026.

Key Details

• Valerie A. Bille (age 47) will become SoCalGas SVP & CFO; her annual base salary will increase to $430,000.
• Bille’s target performance-based cash bonus remains 50% of base salary; the Compensation Committee will recommend that long-term equity incentive targets remain at 120% of base salary.
• Ms. Bille will keep her SDG&E SVP & CFO roles but will not retain her SDG&E titles of Vice President, Controller, Chief Accounting Officer and Treasurer.
• Existing severance agreement for Ms. Bille remains unchanged; additional executive benefit details are in SoCalGas’ 2025 Information Statement (filed April 25, 2025).

Why It Matters

• These are material leadership and governance changes affecting the company’s finance and legal oversight—functions important to investors monitoring risk management, regulatory matters and financial reporting.
• The shared-officer model (SoCalGas and SDG&E) indicates continued management alignment across Sempra subsidiaries; compensation adjustments are disclosed and appear incremental (salary increase and unchanged bonus/equity targets).
• The filing does not report financial impacts, restatements, or contingent liabilities tied to these changes; investors should note the effective date (January 31, 2026) and review future disclosures for any operational or financial effects.