Pinnacle West Capital Corp. Enters Material Agreement
Ticker: PNW · Form: 8-K · Filed: 2025-09-02T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, financials, exhibits
Related Tickers: PNW
TL;DR
PNW signed a big deal, filing shows financials & exhibits.
AI Summary
On August 28, 2025, Pinnacle West Capital Corp. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company, previously known as AZP Group Inc., is incorporated in Arizona and operates in the electric services sector.
Why It Matters
This filing indicates a significant new development for Pinnacle West Capital Corp., potentially impacting its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Numbers
- 86-0512431 — IRS Employer Identification No. (Identifies the company for tax purposes.)
- 1-8962 — Commission File Number (SEC filing identifier.)
Key Players & Entities
- PINNACLE WEST CAPITAL CORPORATION (company) — Registrant
- AZP GROUP INC (company) — Former company name
- August 28, 2025 (date) — Date of earliest event reported
- 400 North Fifth Street (location) — Principal executive office address
FAQ
What type of material definitive agreement did Pinnacle West Capital Corp. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on August 28, 2025.
What is the primary business of Pinnacle West Capital Corp.?
Pinnacle West Capital Corp. is in the ELECTRIC SERVICES industry, with SIC code 4911.
When was Pinnacle West Capital Corp. incorporated?
Pinnacle West Capital Corp. was incorporated in Arizona (AZ).
What was the previous name of Pinnacle West Capital Corp.?
The company was formerly known as AZP GROUP INC.
What is the address of Pinnacle West Capital Corp.'s principal executive offices?
The principal executive offices are located at 400 North Fifth Street, P.O. Box 53999, Phoenix, AZ 85004.
Filing Stats: 540 words · 2 min read · ~2 pages · Grade level 14.7 · Accepted 2025-09-02 16:04:02
Filing Documents
- pnw-20250828.htm (8-K) — 33KB
- amendmenttopnwforward.htm (EX-10.1) — 20KB
- 0000764622-25-000078.txt ( ) — 205KB
- pnw-20250828.xsd (EX-101.SCH) — 3KB
- pnw-20250828_def.xml (EX-101.DEF) — 14KB
- pnw-20250828_lab.xml (EX-101.LAB) — 26KB
- pnw-20250828_pre.xml (EX-101.PRE) — 15KB
- pnw-20250828_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On August 28, 2025, Pinnacle West Capital Corporation (the "Company") entered into an amendment (the "Amendment") to the forward sale agreements (the "Forward Sale Agreements"), dated as of February 28, 2024 and February 29, 2024, respectively, between the Company and Wells Fargo Bank, National Association. The Amendment provides for a December 31, 2026 settlement date for the Share Forward Transactions (as defined in the Amendment), subject to the terms of the Forward Sale Agreements. The above summary of the Amendment does not purport to be complete and is qualified in its entirety by the Amendment, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Registrant(s) Description 10.1 Pinnacle West Amendment , dated as of August 2 8 , 2025, to Forward Sale Agreement, dated as of February 28, 202 4, and Additional Forward Sale Agreement , dated as of February 2 9, 202 4 , between the Company and Wells Fargo Bank, National Association 104 Pinnacle West 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. PINNACLE WEST CAPITAL CORPORATION (Registrant) Dated: September 2, 2025 By: /s/ Andrew Cooper Andrew Cooper Senior Vice President and Chief Financial Officer