Spire Confirms NYSE Listing for Common Stock, Preferred Depositary Shares
Ticker: SRJN · Form: 8-K · Filed: Jan 19, 2024 · CIK: 1126956
| Field | Detail |
|---|---|
| Company | Spire Inc (SRJN) |
| Form Type | 8-K |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00, $25.00, $175 m |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, security-registration, NYSE-listing
TL;DR
**Spire's common and preferred shares are officially listed on the NYSE, confirming their trading status.**
AI Summary
Spire Inc. filed an 8-K on January 19, 2024, to update its registered securities under Section 12(b) of the Exchange Act. The filing confirms that both its Common Stock ($1.00 par value, trading symbol SR) and its Depositary Shares (representing 1/1,000th interest in 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, trading symbol SR.PRA) are registered on the New York Stock Exchange LLC. This matters to investors because it reaffirms the liquidity and regulatory oversight of these specific Spire securities, ensuring they meet exchange listing standards.
Why It Matters
This filing confirms the continued listing and trading of Spire Inc.'s common and preferred shares on the NYSE, providing transparency and liquidity for investors.
Risk Assessment
Risk Level: low — This filing is a routine update confirming existing security registrations and does not introduce new risks.
Analyst Insight
This filing is a standard regulatory update confirming the listing status of Spire's securities. Investors should note the specific trading symbols and par values for their records, but no immediate action is warranted based solely on this routine disclosure.
Key Numbers
- $1.00 — Common Stock par value (The stated par value for Spire Inc.'s common shares.)
- 5.90% — Preferred Stock dividend rate (The annual dividend rate for the Series A Cumulative Redeemable Perpetual Preferred Stock.)
- $25.00 — Preferred Stock par value (The stated par value for Spire Inc.'s preferred shares.)
- 1/1,000th — Depositary Share interest (The fraction of a preferred share that each Depositary Share represents.)
Key Players & Entities
- Spire Inc. (company) — the registrant filing the 8-K
- New York Stock Exchange LLC (company) — the exchange where Spire's securities are registered
- $1.00 (dollar_amount) — par value of Common Stock
- $25.00 (dollar_amount) — par value of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock
- SR (company) — trading symbol for Common Stock
- SR.PRA (company) — trading symbol for Depositary Shares
FAQ
What is the purpose of this 8-K filing by Spire Inc.?
The 8-K filing by Spire Inc. on January 19, 2024, is a 'Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934' to report 'Other Events' and 'Financial Statements and Exhibits', specifically confirming the registration of its securities under Section 12(b) of the Exchange Act.
Which specific securities of Spire Inc. are registered on the New York Stock Exchange LLC according to this filing?
According to the filing, two classes of securities are registered on the New York Stock Exchange LLC: 'Common Stock $1.00 par value' with trading symbol 'SR' and 'Depositary Shares, each representing a 1/1,000th interest in a share of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $25.00 per share' with trading symbol 'SR.PRA'.
What is the par value of Spire Inc.'s Common Stock as stated in the filing?
The filing states that the Common Stock has a par value of '$1.00'.
What are the key characteristics of the Depositary Shares mentioned in the filing?
The Depositary Shares represent a '1/1,000th interest in a share of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $25.00 per share' and trade under the symbol 'SR.PRA'.
What is Spire Inc.'s business address and phone number as listed in the filing?
Spire Inc.'s business address is '700 Market Street St. Louis, MO 63101' and its business phone number is '314-342-0500'.
Filing Stats: 540 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-01-19 14:25:25
Key Financial Figures
- $1.00 —       Common Stock $1.00 par value   SR   New Y
- $25.00 — le Perpetual Preferred Stock, par value $25.00 per share   SR.PRA   N
- $175 m — orEnergy Infrastructure Trust, Inc. for $175 million, subject to customary closing adj
Filing Documents
- spre20240118_8k.htm (8-K) — 30KB
- ex_616685.htm (EX-99.1) — 7KB
- spire_rlogoorange-rgb67.jpg (GRAPHIC) — 34KB
- 0001437749-24-001707.txt ( ) — 230KB
- sr-20240119.xsd (EX-101.SCH) — 4KB
- sr-20240119_def.xml (EX-101.DEF) — 13KB
- sr-20240119_lab.xml (EX-101.LAB) — 17KB
- sr-20240119_pre.xml (EX-101.PRE) — 13KB
- spre20240118_8k_htm.xml (XML) — 4KB
01 Other Matters
Item 8.01 Other Matters   On May 24, 2023, Spire Midstream LLC, a subsidiary of Spire Inc., entered into an agreement to acquire MoGas Pipeline and Omega Pipeline, a connected gas distribution system, from CorEnergy Infrastructure Trust, Inc. for $175 million, subject to customary closing adjustments. The transaction closed on January 19, 2024, following Hart-Scott-Rodino review, and is effective January 20, 2024. A related news release is attached as Exhibit 99.1 and incorporated by reference in this Item 8.01.    
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits   (d) Exhibits.   The following exhibits are filed as part of this report:   99.1 News release dated January 19, 2024. 104 Cover page Interactive Data File (embedded within the Inline XBRL document).          
SIGNATURES
SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.           Spire Inc.           Date: January 19, 2024   By: /s/ Adam W. Woodard         Adam W. Woodard Vice President, Treasurer