Every 8-K that Hawaiian Electric Industries, Inc. (HE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HE filings page.
Hawaiian Electric Industries, Inc. (HE) monetized part of its remaining stake in American Savings Bank, N.A. (ASB) in connection with ASB’s initial public offering. On September 16, 2026, HEI sold approximately 2.0 million ASB shares, generating $29.5 million in net proceeds. On September 21, 2026, underwriters exercised an option to purchase an additional 293,904 shares from HEI, providing a further $4.4 million in net proceeds. Based on ASB’s September 18, 2026 closing price of $17.57, HEI’s remaining pro forma 6.4% stake in ASB is valued at about $73.5 million, subject to a 180-day lockup period. HEI states that proceeds from these sales, along with potential future monetization of its remaining ASB shares, will reduce future capital raises needed for remaining Maui wildfire settlement payments.
Hawaiian Electric Industries reported first‑quarter 2026 net income of $30 million, or $0.18 per share, up from $27 million, or $0.15 per share, a year earlier. Core net income, which excludes Maui wildfire and Pacific Current review costs, was $31 million, down from $40 million.
The company finalized a global wildfire tort litigation settlement and issued the first of four $479 million settlement payments in April. Following this, Moody’s upgraded HEI’s and Hawaiian Electric’s credit ratings to Ba2 and Ba1. Enterprise‑wide liquidity was about $1.5 billion at quarter‑end.
At the utility, Core net income fell to $36 million from $50 million as higher operations and maintenance, interest and depreciation costs more than offset higher revenues. HEI expects 2026 utility O&M, excluding pension, to significantly outpace inflation ahead of a proposed 2027 rate rebasing. Holding and other companies’ net loss improved to $5 million from $21 million. Effective June 1, Scott Seu will serve as CEO of both HEI and Hawaiian Electric, and Shelee Kimura as President of both entities.
Hawaiian Electric Industries, Inc. reported that former Executive Vice President & Chief Financial Officer Scott T. DeGhetto, whose term as principal financial officer ended on April 1, 2026, has entered into a Consultant Services Agreement through his LLC, Emberstone, LLC.
From April 6, 2026 through April 5, 2027, he will advise on debt and equity financing, corporate dispositions and other market-related projects requested by the CEO. He will receive a monthly consulting fee of $200,000 plus applicable taxes, and a one-time $1,350,000 Special Projects Fee at the end of the term, both subject to prorating if the agreement ends early for specified reasons. These amounts are in addition to previously reported consulting compensation of $800,000 for services through March 1, 2027.
Hawaiian Electric Industries, Inc. furnished an unaudited 2025 Statistical Supplement showing a return to profitability after large wildfire-related losses in 2024. For 2025, consolidated revenues were $3.09 billion versus $3.22 billion in 2024, while net income for common stock improved to $123.1 million from a loss of $1.43 billion. Basic and diluted earnings per share were $0.71, compared with a loss of $11.23 per share in 2024, and no common dividends were paid in 2024 or 2025, versus $1.08 per share in 2023.
The utilities segment earned $168.2 million for common stock in 2025, compared with a loss of $1.23 billion in 2024, as wildfire expenses after insurance and deferrals dropped to $12.2 million from $1.4 billion. Total assets were $8.92 billion at December 31, 2025, with common equity of $1.61 billion and long-term debt, net, of $2.41 billion, giving a capital structure of 60% long-term debt and 40% equity. The supplement also reflects the sale of American Savings Bank, with discontinued operations no longer contributing to assets, income or headcount.
Hawaiian Electric Industries, Inc. filed an update related to its existing at-the-market equity program, under which it may sell shares of common stock with an aggregate offering price of up to $250,000,000 pursuant to a previously filed prospectus supplement and automatic shelf registration statement.
The company provides revised "Certain Material U.S. Federal Income Tax Considerations" for non-U.S. holders of its common stock issued in the ATM offering. The updated disclosure explains how U.S. federal income tax rules may apply to distributions, sales, information reporting, backup withholding, and FATCA, and notes that the company does not anticipate declaring or paying dividends in the near term.
Hawaiian Electric Industries, Inc. (HEI) and Hawaiian Electric Company, Inc. filed a current report to furnish HEI’s third-quarter 2025 results. The filing states that on November 7, 2025, HEI issued a news release titled “HEI Reports Third Quarter 2025 Results,” which is included as Exhibit 99. The report clarifies that this news release and the related Item 2.02 information are being furnished rather than filed under the securities laws, meaning they are not automatically incorporated into other securities offerings or reports unless specifically referenced.
Hawaiian Electric Company, Inc., a subsidiary of Hawaiian Electric Industries, Inc., entered into a material financing agreement and issued $500 million aggregate principal amount of 6.000% Senior Notes due 2033. The notes were issued under an indenture with U.S. Bank Trust Company, National Association, as trustee, and were sold in a private offering relying on exemptions from Securities Act registration.
The notes mature on October 1, 2033, with cash interest paid semi-annually on April 1 and October 1, starting April 1, 2026. Net proceeds will be used to finance capital expenditures and to repay long-term and/or short-term debt, including the revolving credit facility and term loan, that financed capital projects.
Hawaiian Electric may redeem the notes before October 1, 2028 at 100% of principal plus a make-whole amount and accrued interest, and on or after that date at specified redemption prices plus accrued interest. The indenture includes covenants limiting certain liens and major corporate transactions, a change of control repurchase right at 101% of principal plus accrued interest, and customary events of default that can lead to acceleration of all amounts due.
Hawaiian Electric Industries, Inc., parent of Hawaiian Electric Company, disclosed that Hawaiian Electric has priced $500 million aggregate principal amount of 6.000% Senior Notes due 2033. These notes are a new debt financing that will bear a fixed 6.000% interest rate until their 2033 maturity.
The notes are being offered in a transaction exempt from registration, and have not been registered under the Securities Act of 1933. They may only be offered or sold in the United States under a registration or a valid exemption, underscoring that this is a private debt offering rather than a public securities sale.
Hawaiian Electric Industries and its utility subsidiary Hawaiian Electric Company have begun a series of fixed income investor calls to explore a potential private offering of $400 million of 8-year senior unsecured notes, subject to market conditions.
The net proceeds of any notes issued would be intended to support Hawaiian Electric Company’s capital spending and to repay long-term or short-term debt, including its revolving credit facility and term loan that were used to finance or refinance capital expenditures. The notes would be sold in a private placement to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S and would not be registered under U.S. securities laws.
Hawaiian Electric Industries and its utility subsidiary Hawaiian Electric disclosed their intent to redeem five series of cumulative preferred stock: Series E (5%), Series H (5.25%), Series I (5%), Series J (4.5%), and Series K (4.65%). Each series carries a $20 par value and specified redemption prices mostly at $21.00 per share (Series I at $20.00). The companies intend to use cash on hand to fund the redemptions and state that after redemptions none of these series will remain outstanding.
The filing clarifies that holders need take no action now and should await official notices of redemption with surrender instructions. It also cautions there are no assurances the redemptions will occur and includes standard forward-looking statement disclaimers.