BASIN ELECTRIC POWER COOPERATIVE 8-K

What Happened
Basin Electric Power Cooperative filed an 8-K on May 12, 2026 announcing that the Board appointed Dwight Rossow as the director representing District 7 (Rushmore Electric Power Cooperative). Mr. Rossow was elected by District 7 members in accordance with Basin Electric’s bylaws to fill the unexpired three-year term of Mike McQuistion, who passed away in February 2026. His term runs through 2028 and until his successor is duly elected and qualified. The Board also appointed him to the Operations & Marketing Committee.

Key Details

• Appointment date: May 12, 2026.
• Term: fills unexpired three-year term of the late Mike McQuistion; continues until 2028 and until successor is elected.
• Committee: named to the Board’s Operations & Marketing Committee.
• Compensation: will receive standard cash board compensation and is eligible for the Board Deferred Compensation Plan (an unfunded, unsecured arrangement governed by Section 409A).

Why It Matters
This filing reports a governance change — a new director to represent District 7 — which ensures continued board representation and committee coverage after the passing of a director. For investors, the item primarily affects board composition and governance; the filing indicates Mr. Rossow will receive routine director pay and participate in the cooperative’s deferred compensation plan, with no other material financial details disclosed.