Hawaiian Electric Industries, Inc. Form 8-K Filing
Hawaiian Electric Industries, Inc. reported a change in its principal financial officer. Scott T. DeGhettoβs term as Executive Vice President & Chief Financial Officer ended on April 1, 2026. Subsequently, on April 6, 2026, the Company entered into a Consultant Services Agreement with Mr. DeGhetto, through his company Emberstone, LLC. Under this agreement, Mr. DeGhetto will provide advisory services on debt and equity financing, corporate dispositions, and other market-related projects for a term of one year, ending April 5, 2027. He will receive a monthly fee of $200,000, plus applicable taxes. Additionally, a special projects fee of $1,350,000, plus taxes, will be paid at the end of the term for specific projects. The company will also reimburse Mr. DeGhetto for reasonable out-of-pocket business expenses. This arrangement is in addition to previously reported consulting services. Paul K. Ito has been appointed as the new Executive Vice President and Chief Financial Officer.