Summary
Dominion Energy, Inc. (D) filed an 8-K on September 2, 2022, to report a significant corporate action: the amendment and restatement of its articles of incorporation. This action was primarily to remove Article IIIA, which detailed the terms of its Series A Cumulative Perpetual Convertible Preferred Stock. This amendment follows the complete redemption of all outstanding shares of the Series A Preferred Stock on September 1, 2022. For investors, this indicates the elimination of a specific class of preferred stock from the company's capital structure, simplifying its corporate governance and financial obligations.
Key Highlights
- 1Dominion Energy amended and restated its articles of incorporation on September 2, 2022.
- 2The amendment formally removed Article IIIA, related to Series A Cumulative Perpetual Convertible Preferred Stock.
- 3All outstanding shares of Series A Preferred Stock were redeemed by the company on September 1, 2022.
- 4This action effectively removes the Series A Preferred Stock from Dominion Energy's capital structure.
- 5The filing includes the amended and restated articles of incorporation as an exhibit.