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Get filing alertsSpire updates director and officer indemnification agreements
Filed May 1, 2026 · Period ending April 29, 2026 · ~1 min read
Key Changes
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Board approved updated indemnification agreements for all directors and officers, providing maximum legal protection under Missouri law and advancing legal expenses under certain conditions.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Agreements ensure continued D&O insurance coverage and replace prior indemnification terms with updated provisions.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
Summary
Spire disclosed that its Board approved updated indemnification agreements with all directors and officers on April 29, 2026. These agreements provide legal protection to the fullest extent permitted under Missouri law for claims arising from their service to the company, and allow for advancement of legal fees and expenses under certain conditions. The agreements also ensure continued coverage under the company's D&O insurance policies.
This is a routine governance matter with no material impact on operations or shareholder value. Companies regularly update indemnification agreements to maintain standard protections that help attract and retain qualified board members and executives. The disclosure reflects normal corporate housekeeping rather than any underlying concern about litigation risk or management changes.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
On April 29, 2026, the Board of Directors of Spire Inc. (the “Company”) approved and intends to enter into an updated form of an indemnification agreement (the “Indemnification Agreement”) with each of its directors and officers (each, an “Indemnitee”).
The Board approved updated indemnification agreements with all directors and officers. These agreements provide legal protection and expense coverage for claims arising from their service to the Company, replacing prior agreements with updated terms.
Added in current filing · verify on EDGAR →
The Indemnification Agreement provides, among other things, that the Company will indemnify the Indemnitee to the fullest extent permitted by Missouri law against certain liabilities and expenses that the Indemnitee may incur in connection with claims arising out of their service to the Company. The Indemnification Agreement also provides for the advancement of legal fees and expenses, subject to certain conditions, to provide for continued coverage of each Indemnitee under the Company's directors' and officers' insurance policies and includes provisions relating to the procedures for seeking indemnification and advancement.
The agreements provide maximum legal indemnification under Missouri law, advance legal fees and expenses under certain conditions, and ensure continued D&O insurance coverage. This is standard governance practice to attract and retain qualified directors and officers by protecting them from personal liability for good-faith business decisions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 3, 2026 · How we verify