Stratrix
On the Record · Oglethorpe Power

Oglethorpe Power layoffs, on the record

Every job cut, severance charge and restructuring Oglethorpe Power reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 379 to 401.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2024379December 31, 2024
10-K for 2025401December 31, 2025

Job cuts, severance and restructuring

  1. Our summaryThe filing describes severance payment terms in the employment agreement of the president and chief executive officer, payable if he is terminated without cause or resigns for good reason. Cost: The maximum severance that would be payable to Mr. Smith in the circumstances described above is $2,277,646.

    Word for word“The maximum severance that would be payable to Mr. Smith in the circumstances described above is $2,277,646.” 10-K for 2023

  2. Our summaryThe filing describes a contractual severance arrangement for the president and chief executive officer, payable on a termination without cause or a qualifying resignation; no layoff or restructuring is reported. Affected: Ms. Bloodworth · Cost: $1,866,703

    Word for word“The maximum severance that would be payable to Ms. Bloodworth in the circumstances described above is $1,866,703.” 10-K for 2024

  3. Our summaryThe company paid severance and continued medical and dental insurance coverage to Mr. Sorrick under the terms of his employment agreement. 2025 · Affected: Mr. Sorrick · Cost: $1,205,427

    Word for word“Amounts for Mr. Sorrick in 2025 also include payment of $1,205,427 for severance and medical and dental insurance continuation coverage made in accordance with the terms of Mr. Sorrick’s employment agreement.” 10-K for 2025

Oglethorpe Power has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Oglethorpe Power’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.