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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: June 19, 2001
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Exact Name of Registrant Commission I.R.S. Employer
as Specified in Its Charter File Number Identification No.
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Hawaiian Electric Industries, Inc. 1-8503 99-0208097
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State of Hawaii
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(State or other jurisdiction of incorporation)
900 Richards Street, Honolulu, Hawaii 96813
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(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (808) 543-5662
None
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On June 19, 2001, the Board of Directors of Hawaiian Electric Industries, Inc.
(HEI) approved amendments to HEI's Restated By-Laws, which amendments have been
included in the Amended and Restated Bylaws of that date filed with this report
as an Exhibit. The amendments to the Bylaws (a) clarify the variety of means,
including electronic voting, by which shareholders may authorize others to act
as proxy (Art. II, Sec. 6 last paragraph), (b) require the preparation of lists
of shareholders entitled to vote at meetings and define the rights of
shareholders to inspect those lists (Art. II, Sec. 11), (c) specify that the
only limitation on the power of the Board of Directors to determine the number
of directors is that there shall not be less than 5 nor more than 18 directors
(Art. III, Sec. 13) and (d) authorize HEI to issue rights, options and warrants
entitling holders to purchase shares of HEI's stock on terms and for the
consideration determined by the Board of Directors, and permitting such rights,
options and warrants to include provisions that preclude the holder and
subsequent transferees of a specified percentage of HEI's common shares from
exercising such rights, options or warrants (Art. XIX.).
Also on June 19, 2001, the Board of Directors of HEI approved amendments to
HEI's 1987 Stock Option and Incentive Plan to permit issuance under the Plan of
restricted stock without consideration other than the provision of future
services by an employee of HEI or one of its subsidiaries. The Stock Option and
Incentive Plan, as amended and restated effective June 19, 2001, is filed as
exhibit to this report.
HEI has signed the "Third Amendment to Trust Agreement between Hawaiian Electric
Industries, Inc. and Fidelity Management Trust Company " which is effective as
of April 1, 2001. A copy of the Third amendment is filed with this report.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 3(ii) HEI's Amended and Restated By-Laws
Exhibit 4 1987 Stock Option and Incentive Plan of HEI as amended and
restated effective June 19, 2001 for incorporation by reference
into Registration Statements on Forms S-8 (Registration
Nos. 33-65234 and 333-05667)
Exhibit 99 Third Amendment to Trust Agreement, made and entered into
April 1, 2001, between HEI and Fidelity Management Trust Company
for the Hawaiian Electric Industries Retirement Savings Plan for
incorporation by reference into Registration Statement on Form
S-8 (Registration No. 333-02103)
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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.
HAWAIIAN ELECTRIC INDUSTRIES, INC.
(Registrant)
/s/ Curtis Y. Harada
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Curtis Y. Harada
Controller
(Principal Accounting Officer of HEI)
Date: June 26, 2001
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