Talen Energy Corporation filed SEC Form 8-K: Regulation FD Disclosure, Other Events, Financial Statements and Exhibits
$TLN
Electric Utilities: Central
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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
Date of Report (date of earliest event reported): September 8, 2025
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Item 7.01. Regulation FD Disclosure.
On September 9, 2025, as previously announced, Talen Energy Corporation (“Talen”) will be hosting an investor day beginning at 9:00 AM Eastern Time. A copy of the investor day presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Report”) and is incorporated herein by reference. The investor day webcast and presentation will be available both live and for subsequent replay via Talen’s investor relations website at https://ir.talenenergy.com. Information on Talen’s website does not constitute a part of this Report.
The information under this Item 7.01 and in Exhibit 99.1 to this Report is being furnished and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of the Exchange Act. The information under this Item 7.01 and in Exhibit 99.1 to this Report shall not be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 8.01. Other Events.
On September 8, 2025, Talen’s board of directors (the “Board”) approved the upsizing of its existing share repurchase program to (i) increase the amount of shares of common stock, par value $0.001 per share (the “common stock”) which Talen may repurchase by $1.005 billion (the “Additional Authorization”) and (ii) extend the expiration date from December 31, 2026 to December 31, 2028. As a result of the Additional Authorization, the aggregate authorization remaining under Talen’s share repurchase program increased from $995 million to $2 billion. The execution of the Additional Authorization remains subject to the closing of each of the Freedom and Guernsey acquisitions, which are each expected to close before year end 2025. To date, Talen has repurchased approximately 23% of its shares of common stock initially outstanding for a total of $2 billion, exclusive of transaction costs and excise taxes.
Talen intends to fund the share repurchase program with cash on hand and generated by operations. The shares may be repurchased from time to time in open market transactions at prevailing market prices, negotiated transactions, or other means in accordance with federal securities laws. The timing, number, and value of shares repurchased under the share repurchase program will be at management’s discretion and will depend on several factors, including the market price of Talen’s common stock, alternate uses of capital, general market and economic conditions, and applicable legal requirements. Talen has no obligation to repurchase any amount of its common stock under the program. The program may be suspended, modified, or discontinued by the Board at any time without prior notice.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description. | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (cover page XBRL tags embedded within the Inline XBRL document). | ||||
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SIGNATURES
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.
| TALEN ENERGY CORPORATION | |||||||||||
| Date: | September 9, 2025 | By: | /s/ Terry L. Nutt | ||||||||
| Name: | Terry L. Nutt | ||||||||||
| Title: | Chief Financial Officer | ||||||||||
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