Spire (NYSE: SR) to redeem 5.90% Series A preferred stock

Rhea-AI Filing Summary

Spire Inc. has announced the full redemption of its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock and the related depositary shares. Each depositary share, representing a 1/1,000th interest in a preferred share, will be redeemed on February 13, 2026.

Holders will receive a cash redemption price of $25.00 per depositary share plus $0.36056 per share in accumulated and unpaid dividends up to, but not including, the redemption date. The preferred stock will stop accruing dividends immediately prior to that date, will no longer be outstanding after redemption, and will be delisted from the New York Stock Exchange.

Insights

Capital structure and income securities analyst

Spire is retiring an entire preferred stock series, reshaping its capital structure.

Spire Inc. plans to redeem all outstanding 5.90% Series A preferred shares and related depositary shares on February 13, 2026. Each depositary share pays holders $25.00 plus $0.36056 in accumulated and unpaid dividends, after which the security disappears.

This step removes a fixed 5.90% preferred dividend layer from the capital stack, which can affect future financing costs and the mix between debt, preferred, and common equity. The aggregate size of this series is not quantified here, so the scale of the change is not evident from this excerpt alone.

After redemption, the preferred stock and depositary shares will no longer be outstanding and will be delisted from the New York Stock Exchange. Future disclosures in company filings may clarify how this redemption is funded and whether it is replaced with other forms of capital.

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United States

Securities and Exchange Commission

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): January 29, 2026

Commission File No.		Exact Name of Registrant as Specified in its Charter and Principal Office Address and Telephone Number		State of Incorporation		I.R.S. Employer Identification Number
1-16681		Spire Inc. 700 Market Street St. Louis, MO 63101 314-342-0500		Missouri		74-2976504

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock $1.00 par value		SR		New York Stock Exchange LLC
Depositary Shares, each representing a 1/1,000th interest in a share of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $25.00 per share		SR.PRA		New York Stock Exchange LLC
6.375% Junior Subordinated Notes due 2086		SRJN		New York Stock Exchange LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On January 29, 2026, Spire Inc. (“Spire”) announced that it will redeem all 10,000 of its outstanding Series A Cumulative Redeemable Perpetual Preferred Stock, par value $25.00 per share, liquidation preference $25,000 per share (the “Series A Preferred Stock”) and the corresponding depositary shares of the Company (“Depositary Shares”), each representing 1/1000th fractional interest in one share of Series A Preferred Stock. The anticipated redemption date is February 13, 2026 (the “Redemption Date”). The Depositary Shares will be redeemed at a redemption price of $25.00 per share (equivalent to $25,000 per share of the Series A Preferred Stock), plus $0.36056 per share, the amount equal to all accumulated and unpaid dividends up to, but not including, the Redemption Date. The Series A Preferred Stock will cease to accumulate dividends immediately prior to the Redemption Date. Upon redemption, the Series A Preferred Stock (or related Depositary Shares) will no longer be outstanding, and all rights of the holders will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. Upon redemption, the Series A Preferred Stock will be delisted from trading on the New York Stock Exchange.

A copy of the press release announcing the redemption of all of the outstanding shares of the Series A Preferred Stock is hereby incorporated by reference and filed herewith as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed as part of this report.

Exhibit Number		Exhibit
99.1		Spire Inc. press release dated January 29, 2026, “Spire Inc. Announces Redemption of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock”
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				SPIRE INC.
Date: January 29, 2026				By:		/s/ Adam Woodard
						Adam Woodard
						Executive Vice President and  Chief Financial Officer

FAQ

What did Spire Inc. (SR) announce regarding its Series A preferred stock?

Spire Inc. announced it will redeem all outstanding 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock and the related depositary shares. The redemption removes this preferred layer from its capital structure and terminates all associated dividend and ownership rights after payment.

When is Spire Inc. (SR) redeeming its Series A preferred and depositary shares?

Spire Inc. set February 13, 2026 as the redemption date for all Series A preferred stock and related depositary shares. Immediately before this date, the preferred shares stop accruing dividends, and holders’ ongoing rights end once the redemption cash is paid.

What redemption price will Spire Inc. (SR) pay for each Series A depositary share?

Spire Inc. will pay $25.00 per Series A depositary share upon redemption, plus $0.36056 per share for accumulated and unpaid dividends. Each depositary share represents a 1/1,000th interest in one share of the 5.90% Series A preferred stock being redeemed.

What happens to dividends on Spire Inc.’s Series A preferred stock after redemption?

Dividends on Spire Inc.’s Series A preferred stock will cease to accumulate immediately prior to the February 13, 2026 redemption date. Holders receive $0.36056 per depositary share for all accumulated and unpaid dividends up to, but not including, that date in addition to the redemption price.

Will Spire Inc. (SR) Series A preferred stock remain listed after redemption?

No. Upon redemption, Spire Inc.’s Series A preferred stock, and the related depositary shares, will no longer be outstanding and will be delisted from trading on the New York Stock Exchange. Afterward, holders retain only the right to receive the redemption cash, without interest.

How does the Spire Inc. (SR) redemption affect Series A preferred holders’ rights?

After the redemption, all rights of Series A preferred and depositary share holders terminate, except the right to receive the specified cash amounts. Ownership, dividend, and trading rights end, and the securities are removed from the New York Stock Exchange listing following completion.