other material
confidence high
sentiment neutral
materiality 0.60
SoCalGas shareholders approve preferred stock retirement at $31.1356/share
SOUTHERN CALIFORNIA GAS CO
- Shareholders approved Restated Charter to retire all 6% Preferred Stock and Series A Preferred Stock.
- Each preferred share receives $31.135616 ($31.00 plus accrued dividends) on Aug 17, 2026.
- Company to voluntarily delist preferred shares from OTC Markets around Aug 13, 2026.
- Votes: common 91.3M for; Preferred 65,471 for vs 4,579 against; Series A 399,589 for vs 84,140 against.
- Authorized shares of both preferred classes reduced to zero after retirement.