8-K

SEMPRA (SRE)

8-K 2025-02-20 For: 2025-02-20
View Original
Added on April 02, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

February 20, 2025
Date of Report (Date of earliest event reported)

Sempra_h_tm_rgb_c.jpg

Sempra
(Exact name of registrant as specified in its charter) California 1-14201 33-0732627
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(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 488 8th Avenue, San Diego, California 92101 (619) 696-2000
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(Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code) N/A
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(Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
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Title of Each Class Trading Symbol Name of Each Exchange on Which Registered
Sempra Common Stock, without par value SRE New York Stock Exchange
Sempra 5.75% Junior Subordinated Notes Due 2079, $25 par value SREA New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
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Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On February 20, 2025, the Compensation and Development Committee of the Sempra Board of Directors approved an amendment to the Severance Pay Agreement dated as of January 1, 2023 (the “Severance Pay Agreement”) of Jeffrey W. Martin, Chief Executive Officer, President and Chairman of Sempra, to reflect a change in his retirement age from 65 to 67. A copy of the amendment to the Severance Pay Agreement is attached hereto as Exhibit 10.1. Mr. Martin remains an employee at will and does not have an employment agreement with Sempra.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Exhibit Description
10.1 Amendment to Severance Pay Agreement, dated February 20, 2025, between Sempra and Jeffrey W. Martin.
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SEMPRA,
(Registrant)
Date: February 20, 2025 By: /s/ Peter R. Wall
Peter R. Wall<br>Senior Vice President, Controller and Chief Accounting Officer

Document

Exhibit 10.1

AMENDMENT TO SEVERANCE PAY AGREEMENT

THIS AMENDMENT TO SEMPRA ENERGY SEVERANCE PAY AGREEMENT (this “Amendment”) is made and entered into as of February 20, 2025 (the “Amendment Effective Date”) by and between Sempra (formerly Sempra Energy), a California corporation (“Sempra”), and Jeffrey W. Martin (the “Executive”).

WHEREAS, Sempra and the Executive are currently parties to that certain Sempra Energy Severance Pay Agreement dated as of January 1, 2023 (the “Severance Agreement”);

WHEREAS, Sempra and the Executive desire  to extend the period for which the Severance Agreement may be operative;

WHEREAS, Sempra and the Executive desire to enter into this Amendment to reflect certain agreements between the parties relating to the definition of “Mandatory Retirement” and to make certain other technical and conforming changes to the Severance Agreement; and

WHEREAS, the Board of Directors of Sempra (the “Board”) or an authorized committee thereof has authorized this Amendment.

NOW THEREFORE, the Severance Agreement is hereby amended in the following particulars, all effective as of the Amendment Effective Date:

1.By substituting “Sempra” for “Sempra Energy” in each place that the latter appears in the Severance Agreement to reflect that the legal name of “Sempra Energy” was changed to “Sempra.”

2.By substituting the following for the definition of “Mandatory Retirement” where such definition appears in Section 1 of the Severance Agreement:

“‘Mandatory Retirement’ means termination of employment at the attainment of age 67 and otherwise pursuant to the Company’s mandatory retirement policy.”

3.Counterparts. This Amendment may be executed in several counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.

4.Except as provided herein, all other terms of the Severance Agreement shall remain in force and effect in accordance with its terms.

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IN WITNESS WHEREOF, the Executive and, pursuant to due authorization from its Board of Directors or an authorized committee thereof, Sempra have caused this Agreement to be executed as of the day and year first above written.

SEMPRA
/s/ Karen L. Sedgwick
Karen L. Sedgwick
Executive Vice President and Chief Financial Officer
February 20, 2025
Date
EXECUTIVE
/s/ Jeffrey W. Martin
Jeffrey W. Martin
Chairman, Chief Executive Officer and President
February 20, 2025
Date

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