--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-231187" form_type: "8-K" ticker: "AVA" cik: "0000104918" company_name: "AVISTA CORP" filed_at: "2026-05-19T21:38:47+00:00" generated_at: "2026-05-20T10:10:16.476039+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Avista issues $160M in first mortgage bonds; shareholder proposal to lower vote threshold fails ## Summary - Issued $90M of 4.77% bonds due 2029 and $70M of 6.10% bonds due 2056; proceeds for refinancing and utility capex. - Additional $70M of 6.10% bonds expected in August 2026 under same agreement. - Annual meeting approved all 11 director nominees, ratification of Deloitte, and advisory say-on-pay. - Proposal to reduce shareholder approval requirement from 80% to majority of outstanding shares failed to get required 80% vote. ## SEC filing metadata - accession: 0001193125-26-231187 - form_type: 8-K - ticker: AVA - cik: 0000104918 - company_name: AVISTA CORP - filed_at: 2026-05-19T21:38:47+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 1.01, 2.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/104918/000119312526231187/0001193125-26-231187-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104918/000119312526231187/ava-20260514.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-231187 - JSON: https://secwatch.observer/filing/0001193125-26-231187.json - Plain text: https://secwatch.observer/filing/0001193125-26-231187.txt ## Key facts - Debt Financings AVISTA CORP incurred senior notes of $90.0 million 4.77% bonds due 2029 and $70.0 million 6.10% bonds due 2056 with institutional investors at 4.77% per annum for 2029 bonds; 6.10% per annum for 2056 bonds maturing 2029 for 4.77% bonds; 2056 for 6.10% bonds. - Instrument: senior notes - Principal: $90.0 million 4.77% bonds due 2029 and $70.0 million 6.10% bonds due 2056 - Counterparty: institutional investors - Rate: 4.77% per annum for 2029 bonds; 6.10% per annum for 2056 bonds - Maturity: 2029 for 4.77% bonds; 2056 for 6.10% bonds - Event: incurrence source text: On May 14, 2026, Avista Corporation (Avista Corp. or the Company) issued and sold $90.0 million of 4.77 percent first mortgage bonds due in 2029 and $70.0 million of 6.10 percent first mortgage bonds due in 2056 pursuant to a bond purchase agreement with institutional investors in the private placement market. evidence_url: https://www.sec.gov/Archives/edgar/data/104918/000119312526231187/0001193125-26-231187-index.htm - Shareholder Votes AVISTA CORP shareholders approved Election of eleven directors at the 2026-05-14 meeting. - Proposal: director election - Outcome: passed - Meeting: 2026-05-14 source text: Proposal 1: Election of eleven directors, for one-year terms expiring at the 2027 Annual Meeting of Shareholders, and until their successors are elected. Director For Against Abstain Broker Non-Votes Julie A. Bentz 65,044,528 262,432 141,220 6,839,565 evidence_url: https://www.sec.gov/Archives/edgar/data/104918/000119312526231187/0001193125-26-231187-index.htm - Shareholder Votes AVISTA CORP shareholders approved Advisory (non-binding) vote on executive compensation at the 2026-05-14 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2026-05-14 source text: Proposal 3: Advisory (non-binding) vote on executive compensation. For Against Abstain Broker Non-Votes 62,854,984 2,274,875 318,321 6,839,565 This advisory (non-binding) resolution was approved evidence_url: https://www.sec.gov/Archives/edgar/data/104918/000119312526231187/0001193125-26-231187-index.htm - Shareholder Votes AVISTA CORP shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2026 at the 2026-05-14 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2026-05-14 source text: Proposal 2: Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2026. For Against Abstain Broker Non-Votes 69,874,464 2,281,840 131,441 N/A This proposal was approved evidence_url: https://www.sec.gov/Archives/edgar/data/104918/000119312526231187/0001193125-26-231187-index.htm - Shareholder Votes AVISTA CORP shareholders rejected Amendment of the Restated Articles of Incorporation to reduce the shareholder approval requirement for specified matters from 80% of the total number of shares of common stock outstanding to a majority of such shares outstanding at the 2026-05-14 meeting. - Proposal: charter amendment - Outcome: failed - Meeting: 2026-05-14 source text: Proposal 4: Amendment of the Restated Articles of Incorporation to reduce the shareholder approval requirement for specified matters from 80% of the total number of shares of common stock outstanding to a majority of such shares outstanding. For Against Abstain Broker Non-Votes 64,317,253 805,879 325,048 6,839,565 This proposal was not approved evidence_url: https://www.sec.gov/Archives/edgar/data/104918/000119312526231187/0001193125-26-231187-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.