secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0000354707-23-000084
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470723000084/0000354707-23-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000035470723000084/he-20230915.htm
  HTML page:      https://secwatch.observer/filing/0000354707-23-000084

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