UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year |
Effective December 9, 2021, Dominion Energy, Inc. (the “Company”) amended its articles of incorporation to create a new series of the Company’s Preferred Stock, which is designated as the 4.35% Series C Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, without par value (the “Series C Preferred Stock”).
A copy of the Company’s articles of incorporation, as amended, is filed as Exhibit 3.1 to this Form 8-K and is incorporated herein by reference.
| Item 8.01 | Other Events. |
On December 9, 2021, the Company consummated the issuance and sale of 750,000 shares of Series C Preferred Stock pursuant to an underwriting agreement, dated December 1, 2021 (the “Underwriting Agreement”), with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, as representatives of the underwriters named in the Underwriting Agreement. The Series C Preferred Stock issued pursuant to the Underwriting Agreement was registered by the Company under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a registration statement on Form S-3 (the “Registration Statement”), which became effective on June 26, 2020 (File No. 333-239467). A copy of the Underwriting Agreement, including exhibits thereto, is filed as Exhibit 1.1 to this Form 8-K.
On December 9, 2021, the Company also contributed 250,000 shares of Series C Preferred Stock (the “Pension Shares”) to the Dominion Energy, Inc. Defined Benefit Master Trust (the “Trust”), which serves as the funding vehicle for the Dominion Energy Pension Plan and certain other company-sponsored defined benefit plans. The Pension Shares were contributed to the Trust in a transaction exempt from registration pursuant to Section 4(a)(2) of the Securities Act and in accordance with the terms of the Employer Stock Contribution and Independent Fiduciary Engagement Agreement, dated December 16, 2019 and amended effective November 6, 2021, between the Company, the Dominion Energy Asset Management Committee and Gallagher Fiduciary Advisors, LLC (“Gallagher”), in its capacity as independent fiduciary and investment manager with respect to a separate account in the Trust into which the Pension Shares were deposited (the “Separate Account”).
In connection with the contribution of the Pension Shares, the Company also entered into a registration rights agreement, dated December 1, 2021 (the “Registration Rights Agreement”), with Gallagher, in its capacity as independent fiduciary and investment manager of the Separate Account, pursuant to which the Company agreed to provide customary registration rights with respect to the Pension Shares. A copy of the Registration Rights Agreement is filed as Exhibit 4.2 hereto and is incorporated herein by reference. On December 9, 2021, in accordance with the terms of the Registration Rights Agreement, the Company filed a prospectus supplement to the Registration Statement for the purpose of registering the resale of the Pension Shares (the “Prospectus Supplement”). Exhibits 4.2 and 5.2 are being filed with this Form 8-K for the purpose of incorporating such exhibits by reference into the Registration Statement and the related prospectus contained therein, as supplemented by the Prospectus Supplement.
| Item 9.01 | Financial Statements and Exhibits. |
Exhibits
| * | Filed herewith. |
SIGNATURE
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.
| DOMINION ENERGY, INC. Registrant | ||
| /s/ James R. Chapman | ||
| Name: | James R. Chapman | |
| Title: |
Executive Vice President, Chief Financial Officer and Treasurer | |
Date: December 9, 2021