Title
Resolution - Approval of Amendment to Resignation Agreement - E Pataki
Other Info
Submitted By: Andrea Stover on behalf of Emily Pataki
Department: General Counsel
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session and in the confidential term sheet.
Discussion
At its May 2026 Regular Meeting, the Pedernales Electric Cooperative (“PEC” or “Cooperative”) Board of Directors (“Board”) determined it to be appropriate to enter into a resignation agreement (“Agreement”) with PEC’s current Chief Executive Officer, Julie Parsley, to acknowledge her performance prior to her resignation and in consideration of other items as detailed in the Agreement. After further consultation with Ms. Parsley, the Board has agreed to certain amendments to the Agreement as reviewed and discussed in Executive Session and in the confidential term sheet.
Body
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the amendments to the Agreement are reasonable and appropriate as discussed this day in Executive Session and in the confidential term sheet; and
BE IT FURTHER RESOLVED that the Board President, or designee, is authorized to execute the Agreement as amended and presented in Executive Session this day and take all such actions as needed to implement this resolution.