Business Context and Reporting Period
This Form 8-K Current Report is filed by Hawaiian Electric Industries, Inc. (HEI) and Hawaiian Electric Company, Inc. (Hawaiian Electric) on March 2, 2026. The filing addresses updates to an existing equity distribution agreement (ATM Offering) entered into on September 19, 2024, under which the Company may sell up to $250,000,000 of common stock.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses solely on the administrative update of tax considerations related to the ATM Offering.
Material Changes
The Company is updating the "Certain Material U.S. Federal Income Tax Considerations" section of the Prospectus Supplement associated with the ATM Offering. This update replaces and supersedes the previous descriptions in their entirety. No other material changes to operations or financial status are disclosed in this document.
Guidance, Outlook, and Risks
The filing constitutes an offer to sell or a solicitation of an offer to buy securities under the existing ATM program. Management commentary is limited to the execution of the updated tax disclosure. No new guidance, outlook, or specific risk factors beyond the standard implications of the equity offering are detailed in this text.
Investor Verification Checklist
- Verify the specific changes in the "Certain Material U.S. Federal Income Tax Considerations" by reviewing Exhibit 99.1 attached to this filing.
- Confirm the remaining capacity available under the $250,000,000 ATM Offering initiated in September 2024.
- Review the original Prospectus Supplement filed on September 19, 2024, to understand the full context of the equity distribution agreement.