secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0000354707-26-000026
Event type: litigation
Sentiment:  neutral
Materiality: 0.90
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Maui wildfire settlement conditions fully satisfied; HEI authorizes first $479M payment
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- Final condition met April 10, 2026: insurer subrogation judgment became final and unappealable.
- HEI and Hawaiian Electric authorized first of four equal annual $479M installments.
- Funds for this payment were from HEI's September 2024 equity offering and held in a special purpose vehicle.
- Releases under the Settlement Agreements and from individual claimants are now effective.
- Settlement Agreements settle all tort-related claims from the 2023 Maui windstorm and wildfires.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470726000026/0000354707-26-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000035470726000026/he-20260410.htm
  HTML page:      https://secwatch.observer/filing/0000354707-26-000026

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