Centrus Energy Corp. announced on November 4, 2026, that it has increased the size of its Board of Directors from seven to eight members and appointed Kevin M. Graney to the Board effective immediately. The appointment was disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission.
According to the filing, Mr. Graney brings nearly three decades of experience in nuclear technology and advanced manufacturing. His career includes serving as the president of General Dynamics Electric Boat from 2019 until his retirement in 2024. Prior to that role, he was president of General Dynamics National Steel and Shipbuilding Company (NASSCO) from 2013 to 2019. Mr. Graney began his career as a U.S. Naval Officer and later worked at Bechtel Power Corporation.
In connection with his appointment, Mr. Graney will receive an annual cash retainer of $72,000, pro-rated based on his appointment date. He will also receive an annual grant of Restricted Stock Units (RSUs) valued at $145,000 per year, pro-rated based on the appointment date. These RSUs will vest in the same manner as other non-employee director annual retainers and are subject to the terms of the Centrus Energy Corp. Amended and Restated 2014 Equity Incentive Plan.
The filing states that there are no arrangements between Mr. Graney and any other person pursuant to which he was elected to serve as a director, and there are no related party transactions that would require disclosure under Item 404(a) of Regulation S-K. Additionally, the Company and Mr. Graney entered into the Company’s standard indemnification agreement.
