8-KOther Events

DOMINION ENERGY, INC 8-K Report (Mar 15, 2002)

Filed March 15, 2002For Securities:D

Summary

Dominion Energy, Inc. (D) filed an 8-K on March 14, 2002, reporting a significant event on March 13, 2002. The company entered into a purchase agreement with Salomon Smith Barney Inc. for the issuance and sale of 9,400,000 shares of its common stock. This stock sale is part of a larger registered offering of $2.0 billion in securities previously filed under a Form S-3 registration statement, which became effective on March 2, 2001. This filing indicates Dominion Energy is raising capital through equity issuance. Investors should note that this event is a follow-on to an existing shelf registration, suggesting the company is executing a pre-planned financing strategy. The specifics of the stock price and total proceeds are not detailed in this 8-K, but the magnitude of the shares being sold points to a material capital raise designed to support the company's operations or strategic initiatives.

Key Highlights

  • 1Dominion Energy entered into a purchase agreement on March 13, 2002, with Salomon Smith Barney Inc.
  • 2The agreement concerns the issuance and sale of 9,400,000 shares of Dominion Energy's common stock.
  • 3This stock issuance is part of a previously registered $2.0 billion aggregate principal amount of securities.
  • 4The underlying registration statement on Form S-3 was declared effective on March 2, 2001.
  • 5This 8-K filing serves as notice of the execution of a specific tranche of the planned securities offering.
  • 6The filing includes the Purchase Agreement as an exhibit.

Frequently Asked Questions

The main purpose of this 8-K filing is to report that Dominion Energy entered into a purchase agreement to sell 9,400,000 shares of its common stock, as part of a larger, previously registered securities offering.

This 8-K filing does not specify the exact amount of money Dominion Energy expects to raise. It only states the number of shares to be sold (9,400,000) and that it is part of a larger $2.0 billion securities offering.

This is part of an existing plan. The shares are being sold under a registration statement on Form S-3 that was declared effective on March 2, 2001, for up to $2.0 billion in securities.

Salomon Smith Barney Inc. is the underwriter or agent involved in the purchase agreement for this issuance and sale of common stock.