---
schema_version: "secwatch.filing_event.v1"
accession: "0000092122-22-000010"
form_type: "8-K"
ticker: "SO"
cik: "0000092122"
company_name: "SOUTHERN CO"
filed_at: "2022-03-18T23:59:59+00:00"
generated_at: "2026-06-26T21:52:16.598370+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Southern Co. reaches $4.51M derivative settlement over Kemper plant; governance reforms adopted

## Summary
- Settlement includes $4,510,000 in attorneys' fees and expenses paid entirely by insurers.
- Corporate governance reforms to be adopted and maintained for at least five years.
- Settlement resolves derivative actions related to oversight of Kemper IGCC plant construction.
- Final court approval hearing scheduled for June 1, 2022; state fee hearing June 21, 2022.
- Shareholders released from contesting settlement; no claims procedure as no direct payments.

## SEC filing metadata
- accession: 0000092122-22-000010
- form_type: 8-K
- ticker: SO
- cik: 0000092122
- company_name: SOUTHERN CO
- filed_at: 2022-03-18T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92122/000009212222000010/0000092122-22-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92122/000009212222000010/so-20220311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092122-22-000010
- JSON: https://secwatch.observer/filing/0000092122-22-000010.json
- Plain text: https://secwatch.observer/filing/0000092122-22-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.