8-K
filed November 9, 2021, 6:59 PM ET
ticker SWX
CIK 0001692115
other material
confidence high
sentiment neutral
materiality 0.85
Southwest Gas Board adds two directors, unanimously rejects Icahn's $75/share tender offer
Southwest Gas Holdings, Inc.
- Board appointed E. Renae Conley and Carlos A. Ruisanchez as independent directors effective Jan 1, 2022; Melarkey and Comer to retire at 2022 annual meeting.
- Robert L. Boughner to succeed Melarkey as Chair; Board will be 10 directors, 9 independent after retirements.
- Board unanimously recommends stockholders reject Icahn's $75/share tender offer, deeming it inadequate, coercive, and highly conditional.
- Board cites 7.5% annual ratebase growth, Questar Pipelines acquisition, and Centuri's expansion as key value drivers.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Carlos A. Ruisanchez was appointed as Director at Southwest Gas Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed E. Renae Conley and Carlos A. Ruisanchez to fill the vacancies created by the increased size of the Board, in each case, effective January 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert L. Boughner changed role as Chair at Southwest Gas Holdings, Inc..
- Action
- will replace Mr. Melarkey as Chair
- Role
- Chair
Exact text from the filing
upon the effectiveness of Mr. Melarkey’s resignation, Robert L. Boughner, a current Board member, will replace Mr. Melarkey as Cha
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
E. Renae Conley was appointed as Director at Southwest Gas Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed E. Renae Conley and Carlos A. Ruisanchez to fill the vacancies created by the increased size of the Board, in each case, effective January 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael J. Melarkey departed as Director at Southwest Gas Holdings, Inc..
- Action
- not stand for reelection
- Role
- Director
Exact text from the filing
Michael J. Melarkey and Stephen C. Comer each informed the Board of their decisions not to stand for reelection at the Company’s 2022 annual meeting of stockholders
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen C. Comer departed as Director at Southwest Gas Holdings, Inc..
- Action
- not stand for reelection
- Role
- Director
Exact text from the filing
Michael J. Melarkey and Stephen C. Comer each informed the Board of their decisions not to stand for reelection at the Company’s 2022 annual meeting of stockholders
View on SEC.gov
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