Management Change/Compensation Form 8 K

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

On October 28, 2024, Mark A. Schober informed the Governance Committee of the Board of Directors of Black Hills Corporation (the "Company") that he will not seek re-election at the end of his term and will retire at the 2025 Annual Meeting of Shareholders, scheduled to be held on April 23, 2025. His retirement will be effective on that date. Mr. Schober's decision to not seek re-election does not relate to any disagreements with the Company, its management or the Board of Directors on any matter relating to the Company's operations, policies, or practices. Mr. Schober's retirement follows 9 years of service on the Board and various Board Committees, with 5 years of service as the Audit Committee Chair.