Hawaiian Electric Industries Inc 8-K, filed Nov 29, 2021
Hawaiian Electric Industries Inc (HE)
8-K
2021-11-29
For: 2021-11-23
View Original
Added on
April 07, 2026
About this 8-K
Hawaiian Electric Industries Inc filed this 8-K on November 29, 2021, reporting on events of November 23, 2021.
Items reported
- Item 5.01: Change in control
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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: November 23, 2021
| Exact Name of Registrant | Commission | I.R.S. Employer | ||||||
| as Specified in Its Charter | File Number | Identification No. | ||||||
State of Hawaii
(State or other jurisdiction of incorporation)
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code:
(808 ) 543-5662
Not applicable
(Former name or former address, if changed since last report.)
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:
Securities registered pursuant to 12(b) of the Act:
| Registrant | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||
| Hawaiian Electric Industries, Inc. | |||||||||||
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 Rule12b-2 of the Securities 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 23, 2021 the Board of Directors (the “Board”) of Hawaiian Electric Industries, Inc. (the “Company”) elected Elisia K. Flores as a director of the Company, effective December 1, 2021, to serve until the Company’s 2022 Annual Meeting of Shareholders. Ms. Flores will continue to serve as a director of the Company’s wholly owned subsidiary, American Savings Bank, F.S.B., where she has served as a director since 2018 and as audit committee Chair since 2019.
There are no arrangements or understandings between Ms. Flores and any other person pursuant to which she was selected as a director of the Company and no transactions involving Ms. Flores that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Ms. Flores will participate in the Company’s standard non-employee director compensation program, as described in the Company’s Proxy Statement dated March 26, 2021, and will enter into substantially the same indemnity agreement that the Company entered into with each of its existing directors, the form of which is filed as Exhibit 10.19 to the Company’s Annual Report on Form 10-K for fiscal year 2020.
Item 7.01 Regulation FD Disclosure.
On November 29, 2021, HEI issued a news release, “Elisia Flores, CEO of L&L Franchise, named to Hawaiian Electric Industries board of directors.” This news release is furnished as Exhibit 99.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits | |||||
News release dated November 29, 2021 "Elisia Flores, CEO of L&L Franchise, named to Hawaiian Electric Industries board of directors" | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
The information furnished in connection with Item 7.01 of this current report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
1
SIGNATURES
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 thereunto duly authorized.
| HAWAIIAN ELECTRIC INDUSTRIES, INC. | ||||||||
| (Registrant) | ||||||||
| /s/ Gregory C. Hazelton | ||||||||
| Gregory C. Hazelton | ||||||||
| Executive Vice President and | ||||||||
| Chief Financial Officer | ||||||||
| (Principal Financial Officer) | ||||||||
| Date: November 29, 2021 | ||||||||
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Exhibit 99
FOR IMMEDIATE RELEASE
Elisia Flores, CEO of L&L Franchise, named to
Hawaiian Electric Industries board of directors
HONOLULU, Nov. 29, 2021 – Elisia Flores, a recognized business leader with extensive local and national experience in corporate finance and international franchising, has been appointed to the board of directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE). Flores will continue to serve as a director of American Savings Bank, F.S.B. (ASB), HEI’s wholly owned bank subsidiary, where she has served as a director since 2018 and as audit committee chair since 2019.
Flores’ business acumen and innovation makes her a valuable addition to the HEI board. She was named Business Leader of the Year by Pacific Business News in 2020 and 2021. Her knowledge and sensitivities to Hawai‘i’s unique business and government environment also provides significant value.
Flores currently serves as CEO and vice chair of L&L Franchise, Inc. (L&L) which has more than 200 restaurants across the country and internationally. She is responsible for setting the strategic vision of the company and driving new growth initiatives. She has been instrumental in developing key partnerships to expand the L&L brand, strengthening the brand across markets and implementing national revenue generating programs for the franchises.
Prior to joining L&L, Flores worked for over 8 years at General Electric Company (GE) where she began as a corporate auditor responsible for significant audit and process improvements at GE Aviation, GE Corporate and overseas at GE Capital Interbanca (formerly an Italian financial services company). In 2010, Flores was promoted to senior finance manager for the West Region of GE’s Power Generation Services where she oversaw a portfolio of assets with an annual revenue of more than $750 million. Due to her ability to drive significant process improvements, to deliver on financial commitments and to support the West Region in exceeding targets, Flores was awarded the 2010 Contemporary Leadership Award by GE.
Flores also serves as a director for Hawai‘i Pacific Health, one of Hawai‘i’s largest health care systems, with a network of four hospitals, nearly 25 outpatient centers and 1,100-plus physicians on four islands.
Flores joins a diverse and talented board of directors at HEI, including: retired Admiral Tom Fargo, former Commander of the U.S. Pacific Command and current HEI chairman of the board; Connie Lau, HEI president and CEO; Celeste Connors, executive director of Hawai‘i Green Growth Local2030 Hub; Richard Dahl, former CEO of James Campbell Company; Peggy Fowler, former CEO of Portland General; Micah Kāne, president and CEO of Hawai‘i
-more-
HEI appoints Elisia Flores to board of directors
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Community Foundation; Keith Russell, president of Russell Financial; and Jim Scilacci, former CFO of Edison International.
“Elisia has been a very effective director at American Savings Bank, and we are thrilled to appoint her to the HEI board,” said Fargo, HEI chairman of the board. “She is a proven leader and her perspective and insights will greatly support our strategy and vision across the HEI family of companies.”
“Elisia’s deep roots in Hawai‘i, combined with her keen interest in developing local talent and businesses, both here and abroad, will provide significant value to our board and our companies as we strive to be a catalyst for a better Hawai‘i.” said Lau, HEI president and CEO and ASB board chair.
Flores holds an executive MBA from UCLA, and a bachelor of science degree from USC. She serves on the boards of Diamond Head Theatre and the Hawaiian Humane Society. She is also a member of the advisory boards for the Patsy T. Mink Center for Business Leadership, Family Business Center of Hawai‘i and the Culinary Arts Program at Kapi‘olani Community College
About HEI
The Hawaiian Electric Industries, Inc. (HEI) (NYSE:HE) family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaiʻi. HEI’s electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaiʻi's population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, American Savings Bank, is one of Hawaiʻi’s largest financial institutions, providing a wide array of banking and other financial services and working to advance economic growth, affordability and financial fitness. HEI helps advance Hawaiʻi’s sustainability goals through investments by its non-regulated subsidiary, Pacific Current. For more information, visit www.hei.com.
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For media inquiries, please contact:
AJ Halagao
Vice President Corporate and Community Advancement
(808) 543-7625
ajhalagao@hei.com
Julie Smolinski
Vice President Investor Relations and Corporate Sustainability
(808) 543-7300
ir@hei.com