Every 8-K that AES Corporation (AES) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow AES and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AES filings page.
AES CORP (AES) reported further progress on its sale to Horizon Parent, L.P. On March 1, 2026, AES entered into an Agreement and Plan of Merger with Horizon Parent, L.P. and its wholly owned subsidiary Horizon Merger Sub, Inc., under which Horizon Merger Sub will merge with and into AES.
On August 27, 2026, AES received CFIUS Approval, which is a condition to closing the merger. The transaction remains subject to additional regulatory approvals and other customary closing conditions. After closing, AES will be jointly owned by investment vehicles affiliated with Global Infrastructure Management, LLC, the EQT Infrastructure VI fund and other investors. AES also highlights extensive forward‑looking statement risks around completion, timing, costs and potential disruptions related to the transaction.
The AES Corporation entered into two amendments to its existing revolving credit facilities. Amendment No. 3 to its Eighth Amended and Restated Credit Agreement with Citibank, N.A. as administrative agent extends the termination date of the revolving commitments from August 23, 2027 to August 23, 2028.
AES also agreed to a Second Amendment to its Credit Agreement with Sumitomo Mitsui Banking Corporation as administrative agent, under which, subject to customary closing conditions, the termination date of the revolving commitments will be extended from December 6, 2026 to December 6, 2027. All other terms of both credit agreements remain in effect as previously negotiated.
The AES Corporation reported that its Board Audit Committee dismissed Ernst & Young LLP as independent registered public accounting firm, effective upon filing the Form 10‑Q for the quarter ended June 30, 2026, because EY will not be independent after closing of the announced merger with Horizon Parent, L.P.
EY’s audit opinions on AES’s consolidated financial statements for the years ended December 31, 2024 and 2025 were unmodified, but EY issued an adverse opinion on internal control over financial reporting as of December 31, 2024 due to a material weakness in controls over the disposition process of AES Brasil. AES states there were no disagreements or additional reportable events with EY beyond this weakness.
After reviewing multiple firms, the Audit Committee engaged KPMG LLP as AES’s independent registered public accounting firm for the year ending December 31, 2026, effective upon EY’s dismissal. KPMG network firms had provided services deemed impermissible during the 2026 audit period under SEC rules; these advisory or clerical services were completed or terminated before appointment, related to foreign affiliates, and involved immaterial fees. KPMG and the Audit Committee each concluded KPMG’s objectivity and impartial judgment are not impaired, and AES reports it did not consult KPMG on accounting issues before this engagement.
The AES Corporation reported that stockholders approved its merger with Horizon Parent, L.P. and Horizon Merger Sub, Inc. at a special meeting. Shareholders representing 489,710,776 shares, or 68.66% of outstanding common stock as of May 5, 2026, were present, constituting a quorum.
The merger agreement and related transactions were approved with 479,072,642 votes for, 10,131,991 against and 506,143 abstaining. Stockholders also approved, on an advisory basis, merger-related compensation for named executive officers. A proposal to adjourn the meeting was not needed because the merger proposal had sufficient support.
In a related press release, AES highlighted that a consortium led by Global Infrastructure Partners and EQT will acquire all outstanding AES common shares for $15.00 per share in cash, implying an equity value of about $10.7 billion and enterprise value of about $33.4 billion. The Hart-Scott-Rodino waiting period expired on June 22, 2026, and closing is expected in late 2026 or early 2027, subject to remaining regulatory approvals and customary conditions.
The AES Corporation completed a $1 billion senior notes offering, issuing $600 million of 5.200% Notes due 2029 and $400 million of 5.750% Notes due 2033. The notes were sold slightly below par, at 99.946% and 99.740% of principal, respectively.
AES intends to use the net proceeds to repay existing indebtedness and for general corporate purposes. The notes were issued under AES’ existing senior indenture and include optional redemption features, a tax credit redemption at 101% of principal, and a 101% repurchase offer upon a Change of Control Triggering Event.
The AES Corporation reported results from its 2026 Annual Meeting of Stockholders, held virtually on April 29, 2026. Stockholders elected nine directors to one-year terms, with each nominee receiving substantially more votes "For" than "Against."
Stockholders approved, on an advisory basis, the Company’s executive compensation, with 475,793,626 votes in favor and 20,179,586 against. They also ratified the appointment of Ernst & Young LLP as independent auditor for fiscal year 2026 by a wide margin, with 560,408,498 votes "For." A non-binding stockholder proposal regarding the ability to call a special meeting did not pass, receiving 172,348,730 votes "For" and 322,918,277 "Against."
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.
The AES Corporation filed an 8-K describing amendments to several financing agreements tied to its previously announced merger with Horizon Parent, L.P. AES entered Amendment No. 2 to its Eighth Amended and Restated Credit Agreement with Citibank on March 13, 2026, and a first amendment to a separate credit agreement with Sumitomo Mitsui Banking Corporation and a first amendment to a letter of credit agreement with Barclays Bank PLC on March 16, 2026. These changes adjust change of control provisions so AES can be directly or indirectly owned by Global Infrastructure Management, LLC, EQT Fund Management S.à r.l., Qatar Investment Authority and related investment vehicles, aligning its lending arrangements with the planned ownership structure.
The AES Corporation agreed to be acquired by Horizon Parent, L.P., an investor group led by Global Infrastructure Partners and EQT, in an all-cash merger. AES stockholders will receive $15.00 per share, implying about $10.7 billion in equity value and approximately $33.4 billion in enterprise value, a 40.3% premium to the 30-day average price before reports of a potential sale.
The deal is fully equity financed with no financing contingency and is expected to close in late 2026 or early 2027, subject to AES stockholder approval and extensive U.S. and foreign regulatory clearances. Parent may owe termination fees of up to $588 million in some scenarios, while AES may owe about $321 million in others.
AES highlights that the transaction avoids the need for large equity issuance or a material dividend cut to fund substantial post‑2027 growth needs. Separately, AES appointed Ricardo Falú as President and Juan Ignacio Rubiolo as Executive Vice President and Chief Operating Officer, while Andrés Gluski continues as Chief Executive Officer.
The AES Corporation plans to record a significant non-cash impairment related to its Maritza power plant in Bulgaria. After deciding in the fourth quarter of 2025 not to convert the plant to an alternative fuel and with its current Power Purchase Agreement expiring in May 2026, AES determined the plant’s carrying value is not recoverable and shortened the assets’ useful life.
On January 13, 2026, the company concluded that a pre-tax impairment charge in the range of $250 million to $325 million must be recognized as of December 31, 2025 under U.S. GAAP for property, plant and equipment. AES states that this impairment, driven mainly by limiting future use after the current PPA ends, is not expected to affect Maritza’s ability to meet obligations or its cash flows under the existing PPA through May 2026. Management expects to finalize the impairment amount and related income tax effects with its Form 10-K for the year ending December 31, 2025.
The AES Corporation furnished a press release announcing its financial results for the quarter and year ended September 30, 2025. The release, provided as Exhibit 99.1, also includes the Company’s most recent guidance and additional forward-looking information.
The information was furnished under Items 2.02 and 7.01 and is not deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference into Securities Act or Exchange Act filings.