secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K/A
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0000354707-23-000007
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEI appoints Paul Ito as CFO effective Jan 1, 2023; base salary $475K
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- Ito, interim CFO since July 2022, confirmed as Executive VP and CFO after national search.
- Base salary $475,000; eligible for annual incentive, long-term incentive, and equity plans.
- Receives supplemental restricted stock unit grant of $237,500; new change-in-control agreement with 2x multiple.
- Ito has been with HEI since 2018; previously CFO at Alexander & Baldwin (ALEX).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470723000007/0000354707-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354707/000035470723000007/he-20230103.htm
  HTML page:      https://secwatch.observer/filing/0000354707-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer