Are there any related-party or conflict-of-interest concerns with Aubrey Jarred’s appointment at AES (AES)?

The filing states there are no family relationships between Aubrey Jarred and AES directors or executive officers and no arrangements with other persons for her selection. It also notes she has no material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.

AES (NYSE: AES) shifts finance leaders and appoints new Clean Energy chairman

Q: What compensation will AES (AES) provide to new Controller Aubrey Jarred?

AES set Jarred’s annual base salary at $315,000 , with an annual performance incentive target equal to 50% of base salary and an annual long-term compensation target of $189,000 . These incentives depend on pre-established performance goals and service-based vesting, plus standard executive benefits and severance coverage.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

The AES Corporation is reshaping parts of its finance and leadership team. Effective May 7, 2026, Sherry Kohan will move from Senior Vice President and Chief Accounting Officer to become Chief Financial Officer of AES’ U.S. Utilities business. On the same date, the Board appointed Aubrey Jarred, age 40, as Vice President and Controller and designated her as the company’s principal accounting officer.

Jarred has led AES’ global technical accounting and internal control functions since 2022 and previously held senior reporting and accounting roles at LKQ Corporation after starting her career in audit at KPMG. Her package includes a $315,000 base salary, an annual bonus target equal to 50% of salary, and long-term incentive targets of $189,000, along with standard executive benefits and indemnification. Separately, effective April 16, 2026, Bernerd Da Santos will transition from Executive Vice President and President of US & Renewables to Chairman of the AES Clean Energy Board and Senior Strategic Advisor to the President.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Effective date of Kohan transition: May 7, 2026 Effective date of Jarred appointment: May 7, 2026 Jarred base salary: $315,000 +4 more

7 metrics

Effective date of Kohan transition May 7, 2026 Date Kohan becomes CFO of AES U.S. Utilities

Effective date of Jarred appointment May 7, 2026 Date Jarred becomes VP, Controller and principal accounting officer

Jarred base salary $315,000 Annual base salary for Vice President and Controller role

Jarred annual bonus target 50% of base salary Performance incentive plan target opportunity

Jarred long-term incentive target $189,000 Annual long-term compensation target opportunity

Effective date of Da Santos transition April 16, 2026 Date he leaves EVP and President of US & Renewables role

Age of new principal accounting officer 40 years Age of Aubrey Jarred as disclosed

Key Terms

principal accounting officer, long-term compensation, Amended and Restated Executive Severance Plan, Director and Officer Indemnification Agreement, +1 more

5 terms

principal accounting officer financial

"appointed Aubrey Jarred to serve as Vice President and Controller of AES, and designated her as the Company’s principal accounting officer"

The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.

long-term compensation financial

"Annual long-term compensation target opportunity of $189,000, which will be subject to pre-established performance goals and service based vesting conditions"

Amended and Restated Executive Severance Plan financial

"including, without limitation, participation in the Company’s health, welfare, retirement, and relocation benefits, and Amended and Restated Executive Severance Plan"

Director and Officer Indemnification Agreement regulatory

"the Company will enter into its standard form of Director and Officer Indemnification Agreement with Ms. Jarred"

Inline XBRL technical

"Inline XBRL Document Set for the Cover Page from this on, formatted as Inline XBRL"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

Understanding 8-K Material Events →

04/16/2026 - 06:59 AM

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): April 14, 2026

_____________________________________________________________________________________________________

THE AES CORPORATION

(Exact name of registrant as specified in its charter)

_________________________________________________________________________________________________________________

Delaware

001-12291

54-1163725

(State of Incorporation)

(Commission File No.)

(IRS Employer Identification No.)

4300 Wilson Boulevard

Arlington, VA 22203

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:

(703) 522-1315

NOT APPLICABLE

(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:


☐			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:
Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share	AES	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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


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. ☐

_________________________________________________________________________________________________________________

SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Transition of Chief Accounting Officer and Appointment of Controller

On April 14, 2026, The AES Corporation (the “Company” or “AES”) and Sherry Kohan mutually determined that Ms. Kohan will cease to serve in her role as Senior Vice President and Chief Accounting Officer of the Company, effective May 7, 2026 (the “Effective Date”), and that she will assume the position of Chief Financial Officer of AES’ U.S. Utilities business, effective as of the Effective Date.

On April 14, 2026, the Board of Directors (the “Board”) of the Company appointed Aubrey Jarred to serve as Vice President and Controller of AES, and designated her as the Company’s principal accounting officer, effective on the Effective Date. Ms. Jarred, age 40, has served as Managing Director, Technical Accounting Services of AES since 2022. In this role, she has overseen global technical accounting and internal control functions, supporting AES’ financial integrity and compliance across its international operations. Prior to that, she held a series of leadership roles at LKQ Corporation, an auto parts and services supplier, for over nine years, from 2013 to 2022. During her tenure at LKQ Corporation, she led corporate financial reporting and technical accounting, supported strategic initiatives across Europe—including an international assignment in Munich, Germany—and ultimately served as Head of Consolidations, Reporting, and Accounting Policy for LKQ Europe, the company’s largest segment. She began her career at KPMG LLP, where she spent five years in audit, advancing to Audit Manager and serving clients across a diverse range of industries, including pharmaceuticals, media, manufacturing, advertising, technology, and investment management. She graduated magna cum laude from the University of Notre Dame with a dual major in Accounting and Spanish.

There are no family relationships, as defined in Item 401(d) of Regulation S-K, between Ms. Jarred and any of the Company’s directors or executive officers, or persons nominated or chosen to become a director or an executive officer of AES. There is no arrangement or understanding between Ms. Jarred and any other person pursuant to which she was selected as the Company’s Vice President and Controller. Ms. Jarred does not have any direct or indirect material interest in any transaction or proposed transaction required to be disclosed under Item 404(a) of Regulation S-K.

In connection with her appointment as the Company’s Vice President and Controller, the Board approved the following compensation arrangements for Ms. Jarred:

• Annual base salary of $315,000;

• Annual performance incentive plan target opportunity of 50% of base salary, which will be subject to pre-established performance targets; and

• Annual long-term compensation target opportunity of $189,000, which will be subject to pre-established performance goals and service based vesting conditions).

Ms. Jarred will continue to be eligible for benefits similar to those of other current AES executives, including, without limitation, participation in the Company’s health, welfare, retirement, and relocation benefits, and Amended and Restated Executive Severance Plan. In addition, the Company will enter into its standard form of Director and Officer Indemnification Agreement with Ms. Jarred.

Transition of Officer

On April 15, 2026, the Company and Bernerd Da Santos mutually determined that Mr. Da Santos will cease to serve in his role as the Company’s Executive Vice President and President of US & Renewables on April 16, 2026. He has been appointed to serve as the Chairman of the AES Clean Energy Board and Senior Strategic Advisor to the President of the Company, effective April 16, 2026.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.			Description
101			Inline XBRL Document Set for the Cover Page from this Current Report on Form 8-K, formatted as Inline XBRL
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

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 of the undersigned hereunto duly authorized.



			THE AES CORPORATION

Date:	April 16, 2026	By:	/s/ Stephen Coughlin
		Name:	Stephen Coughlin
		Title:	Executive Vice President and Chief Financial Officer

Source: View Original Filing on SEC EDGAR

FAQ

What leadership changes did AES (AES) announce in this Form 8-K?

AES announced several leadership transitions. Sherry Kohan will become CFO of the U.S. Utilities business, Aubrey Jarred will be Vice President, Controller and principal accounting officer, and Bernerd Da Santos will move from Executive Vice President to Chairman of AES Clean Energy Board and Senior Strategic Advisor.

Who is Aubrey Jarred, AES (AES) new principal accounting officer?

Aubrey Jarred, age 40, is AES’ new Vice President and Controller and principal accounting officer. She previously led Technical Accounting Services at AES, held senior reporting roles at LKQ Corporation in Europe and the U.S., and began her career in audit at KPMG after graduating from the University of Notre Dame.

What compensation will AES (AES) provide to new Controller Aubrey Jarred?

AES set Jarred’s annual base salary at $315,000, with an annual performance incentive target equal to 50% of base salary and an annual long-term compensation target of $189,000. These incentives depend on pre-established performance goals and service-based vesting, plus standard executive benefits and severance coverage.

What role will Sherry Kohan hold at AES (AES) after May 7, 2026?

Effective May 7, 2026, Sherry Kohan will cease serving as Senior Vice President and Chief Accounting Officer and become Chief Financial Officer of AES’ U.S. Utilities business. This move shifts her focus from corporate accounting leadership to overseeing financial management for the U.S. Utilities segment.

How is Bernerd Da Santos’ position changing at AES (AES)?

On April 16, 2026, Bernerd Da Santos will stop serving as Executive Vice President and President of US & Renewables. He will take on new responsibilities as Chairman of the AES Clean Energy Board and Senior Strategic Advisor to the President, focusing on strategic guidance rather than day-to-day operations.

Filing Exhibits & Attachments

3 documents