WEC Energy Group Files 8-K Report
Ticker: WEC · Form: 8-K · Filed: Aug 6, 2024 · CIK: 783325
Sentiment: neutral
Topics: sec-filing, financials
Related Tickers: WEC
TL;DR
WEC Energy Group filed an 8-K, mostly about financial exhibits. No major news yet.
AI Summary
On August 6, 2024, WEC Energy Group, Inc. filed an 8-K report. The filing primarily concerns financial statements and exhibits, indicating updates or disclosures related to the company's financial performance and operations. No specific dollar amounts or new events were detailed in the provided excerpt.
Why It Matters
This filing provides official updates from WEC Energy Group to the SEC, which can contain important financial information or disclosures relevant to investors.
Risk Assessment
Risk Level: low — The provided excerpt is a standard SEC filing notification and does not contain information that suggests immediate or significant risk.
Key Players & Entities
- WEC ENERGY GROUP, INC. (company) — Registrant
- 0000783325 (company) — Central Index Key
- 391391525 (company) — IRS Employer File Number
- 231 West Michigan Street (company) — Business Address
- P.O. Box 1331 (company) — Mailing Address
- Milwaukee, WI 53201 (company) — Location
- 414-221-2345 (company) — Business Phone
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report other events and to provide financial statements and exhibits.
What is the filing date of this report?
The report was filed on August 6, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0000783325.
What is the IRS Employer Identification Number for WEC Energy Group, Inc.?
The IRS Employer Identification Number is 39-1391525.
What is the business address of WEC Energy Group, Inc.?
The business address is 231 West Michigan Street, P.O. Box 1331, Milwaukee, WI 53201.
Filing Stats: 1,036 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-08-06 16:30:32
Key Financial Figures
- $1.5 b — time, up to an aggregate sales price of $1.5 billion, shares of the Company's common s
- $0.01 — , shares of the Company's common stock, $0.01 par value per share (the "Common Stock"
Filing Documents
- tm2420952d1_8k.htm (8-K) — 30KB
- tm2420952d1_ex1-1.htm (EX-1.1) — 563KB
- tm2420952d1_ex5-1.htm (EX-5.1) — 9KB
- tm2420952d1_img001.jpg (GRAPHIC) — 27KB
- 0001104659-24-086300.txt ( ) — 927KB
- wec-20240806.xsd (EX-101.SCH) — 3KB
- wec-20240806_lab.xml (EX-101.LAB) — 33KB
- wec-20240806_pre.xml (EX-101.PRE) — 22KB
- tm2420952d1_8k_htm.xml (XML) — 4KB
01
ITEM 8.01 OTHER EVENTS On August 6, 2024, WEC Energy Group, Inc. (the "Company") entered into an equity distribution agreement (the "Equity Distribution Agreement") with Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as sales agents (each, a "Sales Agent" and, collectively, the "Sales Agents"), and Barclays Bank PLC, Bank of America, N.A., JPMorgan Chase Bank, N.A., KeyBanc Capital Markets Inc., Mizuho Markets Americas LLC, MUFG Securities EMEA plc, Royal Bank of Canada and Wells Fargo Bank, National Association, as forward purchasers (each, a "Forward Purchaser" and, collectively, the "Forward Purchasers"). Under the Equity Distribution Agreement, the Company may offer and sell, from time to time, up to an aggregate sales price of $1.5 billion, shares of the Company's common stock, $0.01 par value per share (the "Common Stock"), through the Sales Agents. In addition to the issuance and sale of the Common Stock by the Company through the Sales Agents, the Equity Distribution Agreement provides that the Company may enter into forward stock purchase transactions with the Forward Purchasers as set forth in a separate letter agreement (each, a "Forward Agreement"), a form of which is attached to the Equity Distribution Agreement. In connection with each Forward Agreement, the applicable Forward Purchaser will borrow from third parties and, through a Sales Agent acting as forward seller, sell a number of shares of Common Stock equal to the number of shares underlying such Forward Agreement to hedge such Forward Agreement. The initial forward sale price per share under each Forward Agreement will equal the product of (1) an amount equal to one minus the applicable forward selling commission and (2) the volume weighted average price per share at which the shares of Common Stock are sold and settled
FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. 1.1 Distribution Agreement, dated as of August 6, 2024 (including the form of Forward Agreement). 5.1 Opinion of Joshua M. Erickson. 23.1 Consent of Joshua M. Erickson (included in Exhibit 5.1). 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. August 6, 2024 WEC ENERGY GROUP, INC. (Registrant) /s/ William J. Guc William J. Guc, Vice President and Controller