Business Context and Reporting Period
Company: SPIRE INC
Filing Type: Form 8-K (Current Report)
Date of Report: May 10, 2018
Event: Item 8.01 Other Events - Public Offering of Common Stock
Key Financial Metrics
This filing reports a capital raise event rather than periodic operating results. Specific metrics include:
- Shares Issued: 2,300,000 shares of Common Stock
- Offering Price: $68.75 per share
- Total Gross Proceeds: $158,125,000 (calculated as 2,300,000 shares x $68.75)
- Par Value: $1.00 per share
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity as this is a transaction report, not a financial statement.
Material Changes
The primary material change is the increase in outstanding common stock and equity capital resulting from the issuance of 2,300,000 new shares. The transaction was executed pursuant to an Underwriting Agreement dated May 7, 2018, with Wells Fargo Securities, LLC, Credit Suisse Securities (USA) LLC, and RBC Capital Markets, LLC acting as representatives.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the successful completion of the offering under an effective Registration Statement on Form S-3 (No. 333-213759).
Risks and Contingencies: The filing incorporates the Underwriting Agreement by reference, noting that the description of terms is qualified in its entirety by the actual agreement. No specific operational risks or guidance updates are detailed in this specific 8-K text.
Investor Verification Checklist
- Verify the final net proceeds after deducting underwriting discounts and commissions (not explicitly stated in this summary).
- Review the full Underwriting Agreement (Exhibit 1.1) for lock-up periods and indemnification terms.
- Confirm the updated total share count and diluted earnings per share impact in subsequent filings.
- Check the use of proceeds as detailed in the related Prospectus Supplement dated May 7, 2018.