Business Context and Reporting Period
This Form 8-K Current Report was filed on February 12, 2007, by Pinnacle West Capital Corporation and its subsidiary, Arizona Public Service Company. The filing addresses administrative changes to the Pinnacle West Capital Corporation Savings Plan, specifically the transition to a new recordkeeper.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event disclosure and does not contain financial statements or performance metrics.
Material Changes
The material change disclosed is the implementation of a temporary suspension of trading (blackout period) for the Company's employee benefit plan. This change is due to the conversion of the plan's recordkeeper.
Outlook, Risks, and Unusual Items
- Blackout Period: Plan participants will be unable to direct or diversify investments, or obtain loans or distributions, from 3 p.m. Central time on March 20, 2007, through the week of April 1, 2007.
- Compliance: Notices were sent to directors and executive officers pursuant to Section 306 of the Sarbanes-Oxley Act of 2002 regarding the trading restrictions.
- Information Access: Interested parties may contact the Employee Benefits Department for the actual ending date of the blackout period during the suspension and for two years thereafter.
Key Facts for Investor Verification
- Verify the exact start and end dates of the blackout period (March 20, 2007, to the week of April 1, 2007).
- Confirm the specific restrictions on investment direction, diversification, loans, and distributions during the suspension.
- Note that this filing applies to both Pinnacle West Capital Corporation and Arizona Public Service Company.