Spire Inc. Reports Shareholder Vote Submission on Jan 25
Ticker: SRJN · Form: 8-K · Filed: Jan 31, 2024 · CIK: 1126956
| Field | Detail |
|---|---|
| Company | Spire Inc (SRJN) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00, $25.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: shareholder-vote, corporate-governance, 8-K
TL;DR
**Spire Inc. just filed an 8-K about a shareholder vote on January 25th, keep an eye out for the results.**
AI Summary
Spire Inc. filed an 8-K on January 31, 2024, reporting that on January 25, 2024, matters were submitted to a vote of its security holders. This filing indicates that shareholders voted on items related to both Common Stock ($1.00 par value, trading symbol SR) and Depositary Shares (SR.PRA), which represent interests in 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock. For investors, this matters because the outcome of these votes can influence corporate governance, strategic direction, and potentially the value of their holdings, especially if the votes pertained to significant operational changes or board elections.
Why It Matters
Shareholder votes are crucial as they reflect investor sentiment and can dictate the future direction of the company, impacting stock performance and dividend policies.
Risk Assessment
Risk Level: low — This filing is purely procedural, indicating a vote occurred, not the outcome, so it presents minimal immediate risk.
Analyst Insight
A smart investor would monitor Spire Inc.'s subsequent filings for the actual results of the shareholder vote, as these outcomes could influence future company strategy or governance, and potentially impact stock valuation.
Key Numbers
- $1.00 — Common Stock par value (The stated par value for Spire Inc.'s common shares.)
- $25.00 — Preferred Stock par value (The stated par value for Spire Inc.'s 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock.)
- 5.90% — Preferred Stock dividend rate (The dividend rate for Spire Inc.'s Series A Cumulative Redeemable Perpetual Preferred Stock.)
Key Players & Entities
- Spire Inc. (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of the earliest event reported (submission of matters to a vote)
- $1.00 (dollar_amount) — par value of Common Stock
- $25.00 (dollar_amount) — par value per share 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
- New York Stock Exchange LLC (company) — exchange where Spire Inc.'s securities are registered
FAQ
What was the earliest event reported in this 8-K filing by Spire Inc.?
The earliest event reported in this 8-K filing by Spire Inc. was the submission of matters to a vote of security holders on January 25, 2024.
What are the trading symbols for Spire Inc.'s securities registered on the New York Stock Exchange LLC?
Spire Inc.'s Common Stock ($1.00 par value) trades under the symbol SR, and its Depositary Shares (representing 1/1,000th interest in 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $25.00 per share) trade under the symbol SR.PRA on the New York Stock Exchange LLC.
What is the par value of Spire Inc.'s Common Stock?
The par value of Spire Inc.'s Common Stock is $1.00 per share.
What type of preferred stock is represented by Spire Inc.'s Depositary Shares?
Spire Inc.'s 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.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 31, 2024, as indicated by the 'FILED AS OF DATE'.
Filing Stats: 548 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-31 16:19:53
Key Financial Figures
- $1.00 — hange on which registered Common Stock $1.00 par value SR New York Stock Exchange
- $25.00 — le Perpetual Preferred Stock, par value $25.00 per share SR.PRA New York Stock Exch
Filing Documents
- spre20240129c_8k.htm (8-K) — 36KB
- 0001437749-24-002694.txt ( ) — 180KB
- sr-20240125.xsd (EX-101.SCH) — 4KB
- sr-20240125_def.xml (EX-101.DEF) — 13KB
- sr-20240125_lab.xml (EX-101.LAB) — 17KB
- sr-20240125_pre.xml (EX-101.PRE) — 13KB
- spre20240129c_8k_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders On The Company's annual meeting of shareholders was held virtually on January 25, 2024. A total of 48,010,996 common shares, constituting 90.19% of the shares entitled to vote, were present or represented by proxy at the meeting. At the meeting, the shareholders cast their votes as follows: Proposal 1 - Election of Directors The three (3) nominees for director, each to serve for a three (3) year term expiring at the annual meeting in 2027, received the following vote: Number of Votes For Withheld Broker Non-Votes Mark A. Borer 41,438,793 1,803,719 4,768,484 Maria V. Fogarty 41,333,747 1,908,765 4,768,484 Steven L. Lindsey 42,848,859 393,653 4,768,484 Proposal 2 - Advisory Vote on Executive Compensation Advisory vote to approve the compensation of the Company's named executive officers received the following vote: Number of Votes For Against Abstain Broker Non-Votes 42,259,826 844,811 137,875 4,768,484 Proposal 3 - Ratification of the Selection of Independent Registered Public Accounting Firm The ratification of Deloitte & Touche LLP to serve as independent registered public accountants for fiscal year 2024 received the following vote: Number of Votes For Against Abstain 46,998,564 915,972 96,460
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 31, 2024 By: /s/ Courtney M. Vomund Courtney M. Vomund Vice President, Corporate Secretary