8-K filed September 18, 2023, 7:59 PM ET ticker HE CIK 0000354707

leadership confidence high sentiment neutral materiality 0.65

HEI and Hawaiian Electric announce CFO changes: Ito moves to utility, DeGhetto joins HEI

HAWAIIAN ELECTRIC INDUSTRIES INC

Tayne Sekimura retires Sep 30 after 32 years; Paul Ito becomes Hawaiian Electric CFO until ~Dec 31, 2024, then returns to HEI.
Scott DeGhetto appointed HEI EVP, CFO & Treasurer effective Oct 1, 2023 through end of 2024, then advisory.
DeGhetto receives $600k base salary, $600k signing bonus (pro-rata clawback), $250k relocation, 2x change-in-control.
CFO changes follow August 8 Maui wildfires which disrupted succession planning for Sekimura.
Ito will temporarily serve as Hawaiian Electric CFO to support utility during recovery and grid resilience efforts.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Paul K. Ito

Senior Vice President, Chief Financial Officer and Treasurer

HE · HAWAIIAN ELECTRIC INDUSTRIES INC

Effective: 2023-10-01
Filed: September 18, 2023, 7:59 PM ET

Paul K. Ito was appointed Senior Vice President, CFO and Treasurer of Hawaiian Electric and will resign as Executive Vice President, CFO and Treasurer of Hawaiian Electric Industries, Inc. (HEI) effective as of October 1, 2023.

Appointed (interim)

Scott DeGhetto

Executive Vice President, Chief Financial Officer and Treasurer

HE · HAWAIIAN ELECTRIC INDUSTRIES INC

Effective: 2023-10-01
Filed: September 18, 2023, 7:59 PM ET

Scott DeGhetto (60) was appointed Executive Vice President, CFO and Treasurer of HEI effective October 1, 2023.

Departed

Tayne Sekimura

Senior Vice President, Chief Financial Officer and Treasurer

HE · HAWAIIAN ELECTRIC INDUSTRIES INC

Effective: 2023-09-30
Successor: Paul K. Ito
Filed: September 18, 2023, 7:59 PM ET

In connection with the retirement of Tayne Sekimura as Senior Vice President, Chief Financial Officer (CFO) and Treasurer of Hawaiian Electric Company, Inc. (Hawaiian Electric) on September 30, 2023,

Departed

Paul K. Ito

Executive Vice President, Chief Financial Officer and Treasurer

HE · HAWAIIAN ELECTRIC INDUSTRIES INC

Effective: 2023-10-01
Successor: Scott DeGhetto
Filed: September 18, 2023, 7:59 PM ET

will resign as Executive Vice President, CFO and Treasurer of Hawaiian Electric Industries, Inc. (HEI) effective as of October 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul K. Ito was appointed as Senior Vice President, Chief Financial Officer and Treasurer at HAWAIIAN ELECTRIC INDUSTRIES INC.

Action: appointed
Role: Senior Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

Paul K. Ito was appointed Senior Vice President, CFO and Treasurer of Hawaiian Electric and will resign as Executive Vice President, CFO and Treasurer of Hawaiian Electric Industries, Inc. (HEI) effective as of October 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott DeGhetto was appointed as Executive Vice President, Chief Financial Officer and Treasurer at HAWAIIAN ELECTRIC INDUSTRIES INC.

Action: appointed
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

Scott DeGhetto (60) was appointed Executive Vice President, CFO and Treasurer of HEI effective October 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tayne Sekimura retired as Senior Vice President, Chief Financial Officer and Treasurer at HAWAIIAN ELECTRIC INDUSTRIES INC.

Action: retired
Role: Senior Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

In connection with the retirement of Tayne Sekimura as Senior Vice President, Chief Financial Officer (CFO) and Treasurer of Hawaiian Electric Company, Inc. (Hawaiian Electric) on September 30, 2023,

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul K. Ito resigned as Executive Vice President, Chief Financial Officer and Treasurer at HAWAIIAN ELECTRIC INDUSTRIES INC.

Action: resigned
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

will resign as Executive Vice President, CFO and Treasurer of Hawaiian Electric Industries, Inc. (HEI) effective as of October 1, 2023.

View on SEC.gov

HAWAIIAN ELECTRIC INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000354707-23-000084

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