AI English summary of an SEC filing — figures as filed
Dominion Energy DThe company said Amendment No. 8 replaces the description of its capital stock that it filed with Amendment No. 7 on February 21, 2023. The company said it updated the description to remove references to the 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, which it redeemed in full effective December 15, 2024.
Key points
AI summaryThe company said Amendment No. 8 replaces the description of its capital stock that it filed with Amendment No. 7 on February 21, 2023. The company said it updated the description to remove references to the 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, which it redeemed in full effective December 15, 2024.
The company said that as of December 17, 2024, its authorized capital stock was 1.77 billion shares, consisting of 20 million shares of preferred stock and 1.75 billion shares of common stock. It said approximately 840 million shares of common stock were issued and outstanding as of December 13, and approximately 1 million shares of preferred stock were issued and outstanding as of December 17.
The company said 1,000,000 shares of its 4.35% Series C Fixed-Rate Cumulative Redeemable Perpetual Preferred Stock, issued on December 9, 2021, remain outstanding. It said the preferred stock ranks senior to common stock in dividend rights and in rights upon liquidation. Upon liquidation, holders are entitled to receive $1,000 per share plus accumulated and unpaid dividends before common shareholders are paid.
The company said dividends on the Series C preferred stock are payable semi-annually in arrears and accumulate whether or not the board declares them, and that they are payable only in cash. Until all accumulated and unpaid dividends are paid, the company is restricted from declaring or paying dividends on common stock or redeeming or acquiring common stock.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Replacing Capital Stock Description and Reflecting Series B Preferred Redemption
The company said Amendment No. 8 replaces the description of its capital stock that it filed with Amendment No. 7 on February 21, 2023. The company said it updated the description to remove references to the 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, which it redeemed in full effective December 15, 2024.
Source · Based on the filing body and exhibits
Authorized and Outstanding Shares as of December 17, 2024
The company said that as of December 17, 2024, its authorized capital stock was 1.77 billion shares, consisting of 20 million shares of preferred stock and 1.75 billion shares of common stock. It said approximately 840 million shares of common stock were issued and outstanding as of December 13, and approximately 1 million shares of preferred stock were issued and outstanding as of December 17.
Source · Based on the filing body and exhibits
Ranking and Liquidation Preference of 4.35% Series C Preferred Stock
The company said 1,000,000 shares of its 4.35% Series C Fixed-Rate Cumulative Redeemable Perpetual Preferred Stock, issued on December 9, 2021, remain outstanding. It said the preferred stock ranks senior to common stock in dividend rights and in rights upon liquidation. Upon liquidation, holders are entitled to receive $1,000 per share plus accumulated and unpaid dividends before common shareholders are paid.
Source · Based on the filing body and exhibits
Cumulative Series C Preferred Dividends and Common Dividend Restrictions
The company said dividends on the Series C preferred stock are payable semi-annually in arrears and accumulate whether or not the board declares them, and that they are payable only in cash. Until all accumulated and unpaid dividends are paid, the company is restricted from declaring or paying dividends on common stock or redeeming or acquiring common stock.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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