SC 13G: HAWAIIAN ELECTRIC INDUSTRIES INC
Ticker: HE · Form: SC 13G · Filed: Nov 12, 2024 · CIK: 354707
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by HAWAIIAN ELECTRIC INDUSTRIES INC.
Risk Assessment
Risk Level: low
Filing Stats: 1,637 words · 7 min read · ~5 pages · Grade level 10.2 · Accepted 2024-11-12 16:09:06
Filing Documents
- form_sc13ghawaiianelectric.htm (SC 13G) — 77KB
- 0001011438-24-000585.txt ( ) — 79KB
(a)
Item 1(a) Name of Issuer. Hawaiian Electric Industries, Inc. (the "Issuer")
(b)
Item 1(b) Address of Issuer's Principal Executive Offices. 1001 Bishop Street Suite 2900 Honolulu, HI 96813
(a)
Item 2(a) Name of Person Filing. (1) Zimmer Partners, LP (2) Zimmer Financial Services Group LLC (3) Zimmer Partners GP, LLC (4) Stuart J. Zimmer
(b)
Item 2(b) Address of Principal Business Office, or, if none, Residence. For all Filers: 9 West 57 th Street, 33rd Floor New York, NY 10019
(c)
Item 2(c) Citizenship or Place of Organization. (1) Zimmer Partners, LP is a Delaware limited partnership. (2) Zimmer Financial Services Group LLC is a Delaware limited liability company (3) Zimmer Partners GP, LLC is a Delaware limited liability company. (4) Stuart J. Zimmer is a U.S. citizen.
(d)
Item 2(d) Title of Class of Securities. Common Stock, no par value per share ("Common Stock")
(e)
Item 2(e) CUSIP Number. 419870100 Item 3 Reporting Person. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4 (a) The Reporting Persons may be deemed the beneficial owners of 15,000,000 shares of Common Stock. (b) The Reporting Persons may be deemed the beneficial owners of approximately 8.7% of the outstanding shares of Common Stock. This percentage was determined by dividing 15,000,000 by 172,465,608, which is the number of shares of Common Stock outstanding as of September 30, 2024, as reported in the Issuer's Form 10-Q filed on November 8, 2024, with the Securities and Exchange Commission. (c) The Reporting Persons have the shared power to vote and dispose of the 15,000,000 shares of Common Stock beneficially owned. Item 5 Not applicable. Item 6 Another Person. The Zimmer Accounts have an indirect interest in dividends and/or sale proceeds of