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Southwest Gas Holdings, Inc., et al. – ‘8-K’ for 6/6/22

On:  Thursday, 6/9/22, at 4:57pm ET   ·   For:  6/6/22   ·   Accession #:  1193125-22-171121   ·   File #s:  1-07850, 1-37976

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/09/22  Southwest Gas Holdings, Inc.      8-K:5       6/06/22   12:201K                                   Donnelley … Solutions/FA
          Southwest Gas Corp.

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     34K 
 7: R1          Cover                                               HTML     60K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- d359506d8k_htm                      XML     24K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 3: EX-101.CAL  XBRL Calculations -- swx-20220606_cal                XML      7K 
 4: EX-101.DEF  XBRL Definitions -- swx-20220606_def                 XML     45K 
 5: EX-101.LAB  XBRL Labels -- swx-20220606_lab                      XML     57K 
 6: EX-101.PRE  XBRL Presentations -- swx-20220606_pre               XML     44K 
 2: EX-101.SCH  XBRL Schema -- swx-20220606                          XSD     18K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               15±    21K 
12: ZIP         XBRL Zipped Folder -- 0001193125-22-171121-xbrl      Zip     12K

‘8-K’   —   Current Report

This is an HTML Document rendered as filed.  [ Alternative Formats ]

 iX: 
  8-K  
 i false i false i 0001692115 i 0000092416 0001692115 2022-06-06 2022-06-06 0001692115 swx:SouthwestGasCorporationMember 2022-06-06 2022-06-06 0001692115 us-gaap:CommonStockMember 2022-06-06 2022-06-06 0001692115 swx:PreferredStockPurchaseRightsMember 2022-06-06 2022-06-06
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
Form
 i 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)  i June 6, 2022
 
 
 
Commission File
Number
   
Exact name of registrant as specified in its charter and
principal office address and telephone number
   
State of Incorporation
   
I.R.S. Employer
Identification No.
 i 001-37976
   
 i Southwest Gas Holdings, Inc.
 i 8360 S. Durango Drive
 i Post Office Box 98510
 i Las Vegas,  i Nevada  i 89193
( i 702)
 i 876-7237
     i Delaware   
 i 81-3881866
 i 001-07850
   
 i Southwest Gas Corporation
 i 8360 S. Durango Drive
 i Post Office Box 98510
 i Las Vegas,  i Nevada  i 89193
( i 702)
 i 876-7237
     i California   
 i 88-0085720
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
   i ☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
   i ☐
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
   i ☐
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
   i ☐
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Southwest Gas Holdings, Inc:
 
 
 
(Title of class)
  
(Trading
symbol)
  
(Exchange
on which registered)
 i Southwest Gas Holdings, Inc. Common Stock, $1 par value
  
 i SWX
  
 i New York Stock Exchange
 i Preferred Stock Purchase Rights
  
 i N/A
  
 i New York Stock Exchange
Southwest Gas Corporation:
None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company  i ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
Item 5.02.     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 6, 2022, Southwest Gas Holdings, Inc. (“SWX”) and Southwest Gas Corporation (“SWG” and together with SWX, “Southwest”) entered into a severance agreement and general release (the “Separation Agreement”), effective June 11, 2022, with John P. Hester, Southwest’s former President and Chief Executive Officer, who had previously retired from his positions with Southwest on May 5, 2022 (the “Separation Date”). Mr. Hester’s retirement was previously disclosed in Southwest’s Current Report on Form
8-K
filed on May 10, 2022.
Pursuant
 
to the Separation Agreement, in consideration for a general release of claims and other covenants, Mr. Hester will receive (i) a lump sum payment in the aggregate amount of $2,458,714, representing approximately 13 months of his base salary, his 2022 target annual incentive award under the Southwest Gas Holdings, Inc. Management Incentive Plan and costs of COBRA premiums for 18 months; (ii) all outstanding equity awards held by Mr. Hester will be settled in accordance with the terms of the applicable award agreement; and (iii) reimbursement up to $15,000 for legal fees. In addition, Mr. Hester will receive distributions under Southwest’s Executive Deferred Compensation Plan, the Supplemental Employee Retirement Plan, the Retirement Plan for Employees of Southwest Gas Corporation and the Southwest Gas Corporation Employee Investment Plan in accordance with the terms of the applicable plan.
In addition, pursuant to the Separation Agreement, Mr. Hester will provide litigation assistance in the defense of any actions brought by any third party against Southwest and its affiliates for up to 50 hours per year in each of the next three years. Mr. Hester will be compensated at an hourly rate of $525 for such services (but not for time spent testifying in court or in an arbitration hearing)
.
SIGNATURES
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.
 
            SOUTHWEST GAS HOLDINGS, INC.
       
Date: June 9, 2022          
/s/ Thomas E. Moran
            Thomas E. Moran
            Vice President/Corporate Secretary/Legal Counsel
       
            SOUTHWEST GAS CORPORATION
       
Date: June 9, 2022          
/s/ Thomas E. Moran
            Thomas E. Moran
            Vice President/Corporate Secretary

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
6/11/22
Filed on:6/9/22
For Period end:6/6/223,  8-K/A
5/10/2210-Q,  8-A12B/A,  8-K,  DEFA14A,  SC 14D9/A
5/5/228-K
 List all Filings 

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/30/22  Southwest Gas Corp.               424B5                  2:647K                                   Donnelley … Solutions/FA
11/29/22  Southwest Gas Corp.               424B5                  1:619K                                   Donnelley … Solutions/FA
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