---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-269557"
form_type: "8-K"
ticker: "HASI"
cik: "0001561894"
company_name: "HA Sustainable Infrastructure Capital, Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:23:22.406581+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HASI adopts tax-benefit preservation plan to protect $465M NOLs from ownership-change risk

## Summary
- Board declared a dividend of one right per share, payable Nov 21, 2023, to holders of common stock.
- Rights become exercisable if a person/group acquires 4.9% or more beneficial ownership without Board approval.
- Existing holders above 4.9% are grandfathered but cannot increase stake without triggering rights.
- Plan expires Nov 2, 2026, or earlier if stockholders do not approve by Nov 2, 2024.
- Company had $465M NOLs and $21M tax credits as of Dec 31, 2022, per the filing.

## SEC filing metadata
- accession: 0001193125-23-269557
- form_type: 8-K
- ticker: HASI
- cik: 0001561894
- company_name: HA Sustainable Infrastructure Capital, Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1561894/000119312523269557/0001193125-23-269557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1561894/000119312523269557/d526044d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-269557
- JSON: https://secwatch.observer/filing/0001193125-23-269557.json
- Plain text: https://secwatch.observer/filing/0001193125-23-269557.txt

## Key facts
- Governance Changes
  HA Sustainable Infrastructure Capital, Inc.: Classified a series of preferred stock designated as Series A Preferred Stock via Articles Supplementary to the charter (effective 2023-11-02).
  - Change: charter amendment
  - Effective: 2023-11-02
  source text: In connection with the Company’s adoption of the Tax Benefits Preservation Plan referenced in Item 1.01 and 3.03 above, the Board classified a series of preferred stock designated as Series A Preferred Stock, on the terms set forth in the Articles Supplementary to the Company’s charter filed with the State Department of Assessments and Taxation of Maryland on November 2, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1561894/000119312523269557/0001193125-23-269557-index.htm
- Material Agreements
  HA Sustainable Infrastructure Capital, Inc. entered into "Tax Benefits Preservation Plan" with Equiniti Trust Company, LLC (effective 2023-11-02).
  - Action: entry
  - Counterparty: Equiniti Trust Company, LLC
  - Effective: 2023-11-02
  source text: On November 2, 2023, Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the “Company”) entered into a Tax Benefits Preservation Plan (the “Tax Benefits Preservation Plan”) with Equiniti Trust Company, LLC, in its capacity as Rights Agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1561894/000119312523269557/0001193125-23-269557-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.