Event-Driven Stocks

Spin-offSpun off from HEI

The Form 10 registration was withdrawn on January 9, 2018 — this spin-off did not complete as filed (the company was sold, merged, or the plan was abandoned).

The two companies

Parent
HEI
↓ spun off ↓

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Financials
Industry
Savings Institution, Federally Chartered
Exchange
State of incorporation
HI
Record date
Distribution date
Ratio
0.2413:1
Parent sector
Form
10-12B/A
Filed
May 4, 2016

Spin-off signals

score 0/3 favorable · factors, not advice
  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)None recorded

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Time since spin-off10.1 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.