Form 8-K
0001161728FALSE 0001161728 2020-07-17 2020-07-17

 

 

 

 

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

 

 

 

 

July 17, 2020

Date of report (date of earliest event reported)

 

 

 

 

 

 

 

Commission

File No.

 

Name of Registrant, State of Incorporation, Address

of Principal Executive Offices, and Telephone No.

 

IRS Employer

Identification No.

 

000-49965

 

 

MGE Energy, Inc.

(a Wisconsin Corporation)

133 South Blair Street

Madison, Wisconsin 53788

(608) 252-7000| mgeenergy.com

 

 

39-2040501

 

 

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:

 

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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 Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐

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. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading symbol(s)

 

Name of each exchange on which registered

Common Stock, $1 Par Value Per Share

 

MGEE

 

The NASDAQ Stock Market

1

 

Item 8.01. Results of Operations and Financial Condition.

 

On July 17, 2020, MGE Energy, Inc. (the Company) issued a press release announcing an increase in its regular quarterly dividend on its outstanding shares of common stock. The release announced the declaration of a quarterly dividend of $0.37 per share, payable on September 15, 2020, to shareholders of record as of September 1, 2020. The Company is filing a copy of that press release as Exhibit 99.1 to this report.

 

Item 9.01. Financial Statements and Exhibits.

 

(a)Financial statements of businesses acquired: None

(b)Pro forma financial information: None

(c)Shell company transactions: None

(d)Exhibits.

 

Exhibit No.

 

Description

99.1

 

Press release of MGE Energy, Inc., issued on July 17, 2020.

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SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

 

 

MGE Energy, Inc.

 

 

(Registrant)

 

 

 

 

 

 

Date: July 17, 2020

/s/ Jeffrey C. Newman

 

Jeffrey C. Newman

Executive Vice President, Chief Financial Officer,

Secretary and Treasurer

 

3

 Exhibit 99.1  

 

 

EXHIBIT 99.1

News

 

MGE Energy Increases Dividend for 45th Consecutive Year

 

Madison, Wis., July 17, 2020—The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today increased the regular quarterly dividend rate 5% to $0.37 per share on the outstanding shares of the company's common stock. The dividend is payable Sept. 15, 2020, to shareholders of record Sept. 1, 2020. This raises the annualized dividend rate by 7 cents from $1.41 per share to $1.48 per share.

 

"Todays 5% dividend increase marks the company's 45th consecutive year of increasing its dividend. We recognize the importance of dividend growth to our shareholders," Chairman, President and CEO Jeff Keebler said. "Our board's action today to increase the regular quarterly dividend rate reinforces the strength and resilience of MGE Energy's long-term business strategy in building your community energy company for the future."

 

MGE Energy has increased its dividend annually for the past 45 years and has paid cash dividends for more than 110 years.

 

About MGE Energy

 

MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 155,000 customers in Dane County, Wis., and purchases and distributes natural gas to 163,000 customers in seven south-central and western Wisconsin counties.

 

Contact

Steve Schultz

Corporate Communications Manager

608-252-7219 | sbschultz@mge.com

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Document and Entity Information
Jul. 17, 2020
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Entity Central Index Key 0001161728
Document Type 8-K
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Trading Symbol MGEE
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Security Exchange Name NASDAQ
Security 12b Title Common Stock, $1 Par Value Per Share
Entity Tax Identification Number 39-2040501
Entity File Number 000-49965
Entity Address Address Line1 133 South Blair Street
Entity Address City Or Town Madison
Entity Address State Or Province WI
Entity Address Postal Zip Code 53788
City Area Code 608
Local Phone Number 252-7000
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Entity Incorporation State Country Code WI