CMS ENERGY CORP 8-K

What Happened CMS Energy filed an 8-K stating that Rejji P. Hayes retired as executive vice president and chief financial officer of CMS Energy and Consumers Energy effective June 3, 2026. The company appointed Srikanth (Sri) Maddipati, age 43, to succeed Hayes as executive vice president and chief financial officer effective the same date. Maddipati has been with CMS Energy 12 years (joined in 2014) and has held roles including assistant treasurer, vice president and treasurer, vice president electric supply (2023), and senior vice president and president of the electric supply business unit (2025).

Key Details

• Effective date: June 3, 2026 (Hayes retirement and Maddipati appointment).
• Maddipati compensation: base salary $775,000 annually; standard award percentage under the CMS Energy Incentive Compensation Plan increased to 80% of base salary (effective June 3, 2026).
• Additional award: $750,000 in tenure-based restricted stock that cliff vests on his third-year service anniversary.
• Background: 12 years at CMS Energy; previously a VP at Goldman Sachs; filing states no special arrangements or understandings led to his election as CFO.

Why It Matters A change in the chief financial officer is material for investors because the CFO leads financial planning, investor relations, financing and rating-agency interactions. The filing documents continuity from an internal promotion (Maddipati) with significant treasury and electric-supply experience and shows the board approved elevated pay and equity aimed at retention. Investors may want to note the new CFO’s compensation structure and monitor upcoming filings, earnings calls and financing activity for any shifts in financial strategy or communication.