Oct. 27 at 11:40 PM
$HE Form 15 does not mean that Hawaiian Electric (HE) — the publicly traded parent company listed as HE on the NYSE — is being delisted.
Instead, this filing refers specifically to Hawaiian Electric Company, Inc., which is a subsidiary of Hawaiian Electric Industries, Inc. (HE).
Form 15 is used when a company (or a subsidiary) terminates or suspends its obligation to file reports with the SEC under the Securities Exchange Act of 1934 — typically because:
The number of shareholders has fallen below 300, or
Certain classes of securities (like preferred shares) are no longer publicly traded.
In this case:
The filing applies to “Cumulative Preferred Stock” of the subsidiary, not HE’s common stock.
HE’s common stock (NYSE: HE) remains listed and continues to trade publicly.
The Form 15 simply ends SEC reporting requirements for that specific preferred stock — it doesn’t delist the parent or its common shares.
