DAYTON POWER & LIGHT CO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 15, 2026, the Board of Directors (the “Board”) of The Dayton Power and Light Company, doing business as AES Ohio (“AES Ohio”), acting through unanimous written consent, appointed Gustavo Garavaglia as Chief Executive Officer of AES Ohio, effective April 15, 2026. Thomas A. Raga continues to serve as President of AES Ohio. Mr. Garavaglia replaces Kenneth J. Zagzebski, who had mutually determined with AES Ohio to cease serving as Chief Executive Officer and be appointed to serve as Executive Chairman of the Board, also effective April 15, 2026. The Board also on April 15, 2026, through unanimous written consent, elected Sherry Kohan as Vice President, Chief Financial Officer and Controller, and designated her as principal accounting officer, of AES Ohio, effective May 7, 2026. Mr. Garavaglia will also continue to serve in the roles of Vice President and Chief Financial Officer, and designated principal accounting officer, of AES Ohio until Ms. Kohan’s appointment is effective. Mr. Garavaglia, 40, has served as Vice President and Chief Financial Officer of AES Ohio since rejoining AES Ohio in April 2024 and will continue in such roles until Ms. Kohan’s appointment is effective. Mr. Garavaglia also has served as a member of the Board of Directors of AES Ohio since April 2024 and serves as a director or officer of other AES affiliates, including as President and Chief Executive Officer of DPL LLC (“DPL”) and IPALCO Enterprises, Inc. (“IPALCO”) and as Chief Executive Officer of Indianapolis Power & Light Company (“AES Indiana”) since April 2026, and as member of the Boards of Directors of DPL, IPALCO, and AES Indiana since April 2024, and as Vice President and Chief Financial Officer of DPL, IPALCO and AES Indiana since April 2024. Prior to rejoining AES, Mr. Garavaglia served as Chief Financial Officer of Vale Base Metals, a mining company, from April 2022 to April 2024. Prior to joining Vale, Mr. Garavaglia spent twelve years at AES, serving as Chief Financial Officer of IPALCO and AES Indiana from November 2018 to March 2022. Mr. Garavaglia also was a member of the Board of Directors of AES Indiana from March 2019 to April 2022 and served as a director or officer of other AES affiliates, including as Chief Financial Officer of AES Ohio and DPL. Prior to that, Mr. Garavaglia held several other positions while at AES. Mr. Garavaglia received a Bachelor’s degree in Electrical Engineering from University of Campinas (Unicamp) and a Master’s degree in Business from FGV Brazil, and is a CFA Charterholder. He is currently on the Board of Directors of the Indianapolis Symphony and Gleaners Food Bank. Ms. Kohan, 57, has served as Senior Vice President and Chief Accounting Officer of The AES Corporation (“AES”) since November 2022 and will continue in this role until May 7, 2026. Ms. Kohan serves as a director or officer of other AES affiliates, including as a Director of IPALCO, and will also serve as Vice President, Chief Financial Officer and Controller of DPL, IPALCO, and AES Indiana, effective as of May 7, 2026. Ms. Kohan previously served as Interim Vice President and Chief Financial Officer of AES Ohio, DPL, IPALCO and AES Indiana from January 2024 to April 2024 and as a member of the Board of Directors of AES Ohio and DPL until April 2025. Prior to assuming her current position, Ms. Kohan served as Vice President and Controller of AES from February 2020 to November 2022 and Vice President, Global Finance Operations at AES from December 2016 to February 2020. Prior to that Ms. Kohan held several other positions while at AES. Prior to joining AES, Ms. Kohan worked for Arthur Andersen in the Audit Assurance Practice. Ms. Kohan is a Certified Public Accountant and holds a B.S. in Accounting from the University of Maryland. AES Ohio does not separately compensate individuals for their service as officers or Directors of AES Ohio. Each of the officers and directors participates in compensation plans and programs generally available to management of AES and its subsidiaries for services performed for all AES affiliates (including AES Ohio). Other than such compensation, which generally is in excess of one hundred and twenty thousand dollars annually, none of the newly-appointed officers referenced above have entered into or proposed to enter into any transactions reportable under Item 404(a) of Regulation S-K.