Shareholders Approve Retirement of All Preferred Stock
SOCGM sits 23% above its 52-week low of $24.41 on light trading volume (0.2× avg).
Summary
Southern California Gas Company shareholders approved the retirement of all preferred stock for $31.135616 per share, simplifying the capital structure and leading to delisting of the preferred shares.
Key Events · Corporate Governance and Compliance · SOCGM
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Shareholder Approval
Shareholders voted on August 6, 2026, to approve the amendment to the Restated Articles of Incorporation, finalizing the preferred stock retirement plan.
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Preferred Stock Retirement
All outstanding 6% Preferred Stock and 6% Preferred Stock, Series A, will be automatically retired on August 17, 2026.
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Cash Payment
Each preferred share will be retired for a cash payment of $31.135616, which includes accrued and unpaid dividends.
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Delisting from OTC Markets
The Preferred Stock and Series A Preferred Stock are planned to be voluntarily delisted from the OTC Markets quotation system around August 13, 2026.
Analysis · SOCGM · Energy & Transportation
Shareholders of Southern California Gas Company have approved the plan to retire all outstanding shares of its 6% Preferred Stock and 6% Preferred Stock, Series A. This action, which was previously proposed and solicited, will simplify the company's capital structure. Each preferred share will be retired for a cash payment of $31.135616, and the preferred stock will be delisted from the OTC Markets.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SOCGM was trading at $30.00 on OTC in the Energy & Transportation sector. The 52-week trading range was $24.41 to $45.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.