AGM/EGMApr 29, 2026, 01:11 PM
HEI to Hold 2026 AGM; Proposes Expanded 12-Member Board
AI Summary
Hawaiian Electric Industries, Inc. (HEI) announced its 2026 Annual Meeting of Shareholders on June 11, 2026, to be held virtually. Following its transition to a pure-play electric utility, HEI proposes an expanded 12-member Board of Directors, integrating current Hawaiian Electric board members. The company reported 2025 net income of $123 million ($0.71 EPS) and core income of $149 million ($0.86 EPS), up 20% year-over-year, and achieved a critical milestone with the resolution of wildfire tort litigation.
Key Highlights
- 2026 Annual Meeting of Shareholders to be held virtually on June 11, 2026.
- Proposal to elect twelve directors, integrating HEI and Hawaiian Electric boards.
- Transition to a pure-play electric utility holding company completed.
- Resolution of Maui wildfire tort litigation and first settlement payment in April.
- 2025 Net Income of $123 million, or $0.71 per share.
- 2025 Core Income of $149 million, or $0.86 per share, up 20% YoY.
- Ended 2025 with $1.6 billion in liquidity.
- Executive compensation emphasizes resilience and safety metrics.