SEC Filing Summary: CenterPoint Energy, Inc. (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CenterPoint Energy, Inc. (d/b/a Reliant Energy, Incorporated) on September 20, 2002. The report addresses a specific corporate event regarding the distribution of subsidiary shares to common shareholders.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the mechanics of a stock distribution.
Material Changes and Events
On September 20, 2002, the company established a distribution ratio of 0.788603 for the previously declared pro rata distribution of Reliant Resources, Inc. (RRI) common stock. Key details include:
- Distribution Ratio: 0.788603 shares of RRI common stock for each share of CenterPoint Energy common stock.
- Record Date: September 20, 2002 (close of business).
- Total RRI Shares Distributed: 240,000,000 shares.
- CenterPoint Outstanding Shares: 304,335,457 shares as of the record date.
- Fractional Shares: Cash payments will be made in lieu of fractional shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the execution of the stock distribution.
Investor Verification Checklist
- Verify the record date of September 20, 2002, to confirm eligibility for the distribution.
- Confirm the exact number of RRI shares received based on the 0.788603 ratio applied to the shareholder's holdings.
- Check for cash payment details regarding fractional shares.
- Note that this filing does not contain updated financial statements or operational results.