{"success":true,"data":{"pressRelease":{"id":"32384","rtpr_id":"nPn3mLv84a","ticker":"SOCGP","exchange":"OTC","all_tickers":["SOCGP","SRE"],"title":"SoCalGas Urges Shareholders to Vote FOR Retirement of All Outstanding Shares of Preferred Stock at a Premium","author":"PR Newswire","published_at":"2026-05-12T20:15:01.330Z","article_body":"SoCalGas Urges Shareholders to Vote FOR Retirement of All Outstanding Shares of Preferred Stock at a Premium\n\nPR Newswire\n\nLOS ANGELES, May 12, 2026\n\nA $31.00 per share cash payment represents a premium of more than 20% over the\nrecent market prices, estimated fair value, and par value of the shares\n\nLOS ANGELES, May 12, 2026 /PRNewswire/ -- Southern California Gas Company\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=2197371547&u=http%3A%2F%2Fwww.socalgas.com%2F&a=Southern+California+Gas+Company)\n(SoCalGas) (OTCQB: SOCGP) (OTC PINK: SOCGM), a subsidiary of Sempra\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=3904637464&u=http%3A%2F%2Fwww.sempra.com%2F&a=Sempra)\n (NYSE: SRE), today announced it will hold a Special Meeting of Shareholders\n(the \"Special Meeting\") on July 13, 2026. The anticipated record date for the\nSpecial Meeting is May 18, 2026, and only shareholders at the close of\nbusiness on that date will be eligible to vote.\n\nAt the Special Meeting, SoCalGas will seek approval from holders of its 6%\nPreferred Stock, par value $25.00, and 6% Preferred Stock, Series A, par value\n$25.00, to retire all outstanding shares of preferred stock in exchange for a\ncash payment of $31.00 per share, plus accrued and unpaid dividends to but\nexcluding the retirement date. The cash payment represents a premium of more\nthan 20% over the recent market prices, estimated fair value, and par value of\nthe shares.\n\nAs part of our ongoing efforts to modernize our business and serve our\nstakeholders, SoCalGas is pursuing the proposed transaction to simplify its\ncapital structure while delivering immediate value to shareholders. SoCalGas\nhas filed a preliminary proxy statement for the Special Meeting with the U.S.\nSecurities and Exchange Commission (\"SEC\") and, subject to the timing of SEC\nreview, expects to file its definitive proxy statement on or about May 19,\n2026, at which time shareholders as of the record date for the Special Meeting\nwill be able to submit their votes.\n\nSoCalGas urges all preferred shareholders to vote \"FOR\" this proposal in\nadvance of the meeting. Copies of the proxy materials are available\non SoCalGas' website at socalgas.com/about-us/special-shareholder-meeting\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=3879398538&u=https%3A%2F%2Fwww.socalgas.com%2Fabout-us%2Fspecial-shareholder-meeting&a=socalgas.com%2Fabout-us%2Fspecial-shareholder-meeting)\n.\n\nShareholders with questions about how to vote should contact the Proxy\nInformation Administrator for the Special Meeting:\n\nD.F. King & Co, Inc.\n28 Liberty Street, 53rd Floor\nNew York, New York 10005\nShareholders may call toll free: (800) 769-7666\nBanks and brokers may call collect: (212) 914-0093\nSoCalGas@dfking.com (mailto:SoCalGas@dfking.com)\n\nAbout SoCalGas\nSoCalGas is the largest gas distribution utility in the United States, serving\nmore than 21 million consumers across approximately 24,000 square miles of\nCentral and Southern California. Our mission is: Safe, Reliable, and\nAffordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized\nleader in the energy industry and has been named Corporate Member of the Year\nby the Los Angeles Chamber of Commerce for its volunteer leadership in the\ncommunities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a\nleading U.S. utility holding company. For more information, visit\nSoCalGas.com/newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=2205833606&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4153537-1%26h%3D4198867895%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3473707-1%2526h%253D3807208466%2526u%253Dhttps%25253A%25252F%25252Fc212.net%25252Fc%25252Flink%25252F%25253Ft%25253D0%252526l%25253Den%252526o%25253D3411589-1%252526h%25253D2155989418%252526u%25253Dhttps%2525253A%2525252F%2525252Fc212.net%2525252Fc%2525252Flink%2525252F%2525253Ft%2525253D0%25252526l%2525253Den%25252526o%2525253D3105454-1%25252526h%2525253D2702673948%25252526u%2525253Dhttps%252525253A%252525252F%252525252Fc212.net%252525252Fc%252525252Flink%252525252F%252525253Ft%252525253D0%2525252526l%252525253Den%2525252526o%252525253D3069148-1%2525252526h%252525253D3084479627%2525252526u%252525253Dhttps%25252525253A%25252525252F%25252525252Fwww.socalgas.com%25252525252Fnewsroom%2525252526a%252525253Dsocalgas.com%25252525252Fnewsroom%25252526a%2525253Dsocalgas.com%252525252Fnewsroom%252526a%25253Dsocalgas.com%2525252Fnewsroom%2526a%253Dsocalgas.com%25252Fnewsroom%26a%3Dsocalgas.com%252Fnewsroom&a=SoCalGas.com%2Fnewsroom)\n or connect with SoCalGas on social media @SoCalGas\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=3614511733&u=https%3A%2F%2Fx.com%2Fsocalgas&a=%40SoCalGas)\n.\n\nMessage Funded by Shareholders.\n\nAdditional Information about the Special Meeting and Where to Find It\n\nIn connection with the Special Meeting, on May 4, 2026, SoCalGas filed a\npreliminary proxy statement with the SEC. On or around May 19, 2026, SoCalGas\nexpects to file its definitive proxy statement and mail proxy cards for the\nSpecial Meeting to the shareholders of SoCalGas entitled to vote at the\nSpecial Meeting. This communication is not intended to be, and is not, a\nsubstitute for the proxy statement or any other document that SoCalGas may\nfile with the SEC in connection with the Special Meeting. SOCALGAS URGES\nINVESTORS TO READ THE PROXY STATEMENT AND OTHER MATERIALS FILED WITH THE SEC\n(INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR\nENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN\nIMPORTANT INFORMATION ABOUT THE SPECIAL MEETING AND THE PROPOSALS TO BE VOTED\nON AT THE SPECIAL MEETING. Investors are able to obtain free copies of the\nproxy statement and other documents that will be filed by SoCalGas with the\nSEC (when available) at http://www.sec.gov (http://www.sec.gov) , the SEC's\nwebsite, or from SoCalGas' website at\nhttps://www.socalgas.com/about-us/special-shareholder-meeting\n(http://www.socalgas.com/about-us/special-shareholder-meeting) . In addition,\ninvestors can obtain the Notice of Special Meeting of Shareholders, proxy\nstatement and proxy card free of charge (when available) at www.proxyvote.com\n(http://www.proxyvote.com) .\n\nThis communication does not constitute a solicitation of proxy, an offer to\npurchase or a solicitation of an offer to sell any securities. SoCalGas, its\ndirectors and certain of its officers and employees may be deemed to be\nparticipants in the solicitation of proxies from shareholders in connection\nwith the Special Meeting. Information about SoCalGas' directors and executive\nofficers is set forth in its definitive information statement for its 2026\nannual shareholders meeting filed with the SEC on April 14, 2026. These\ndocuments may be obtained free of charge at the SEC's website at www.sec.gov\n(http://www.sec.gov) or from the Sempra website at www.sempra.com\n(http://www.sempra.com) under the \"Investors\" and \"SEC Filings\" tabs.\nAdditional information regarding the interests of participants in the\nsolicitation of proxies in connection with the Special Meetings will be\nincluded in the definitive proxy statement that SoCalGas will file the SEC in\nconnection with the Special Meeting and other relevant materials SoCalGas may\nfile with the SEC.\n\nInformation Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. Forward-looking\nstatements are based on assumptions about the future, involve risks and\nuncertainties, and are not guarantees. Future results may differ materially\nfrom those expressed or implied in any forward-looking statement. These\nforward-looking statements represent our estimates and assumptions only as of\nthe date of this press release. We assume no obligation to update or revise\nany forward-looking statement as a result of new information, future events or\notherwise.\n\nIn this press release, forward-looking statements can be identified by words\nsuch as \"believe,\" \"expect,\" \"intend,\" \"anticipate,\" \"contemplate,\" \"plan,\"\n\"estimate,\" \"project,\" \"forecast,\" \"envision,\" \"should,\" \"could,\" \"would,\"\n\"will,\" \"confident,\" \"may,\" \"can,\" \"potential,\" \"possible,\" \"proposed,\" \"in\nprocess,\" \"construct,\" \"develop,\" \"opportunity,\" \"preliminary,\" \"pro forma,\"\n\"strategic,\" \"initiative,\" \"target,\" \"outlook,\" \"optimistic,\" \"poised,\"\n\"positioned,\" \"maintain,\" \"continue,\" \"progress,\" \"advance,\" \"goal,\" \"aim,\"\n\"commit,\" or similar expressions, or when we discuss our guidance, priorities,\nstrategies, goals, vision, mission, projections, intentions or expectations.\n\nFactors, among others, that could cause actual results and events to differ\nmaterially from those expressed or implied in any forward-looking statement\ninclude: the ability to obtain all necessary approvals to effect the amendment\nof our restated articles of incorporation and the retirement of the preferred\nstock; the ability to achieve the anticipated benefits of the transactions\ndescribed herein; the effects on such transactions of industry, market,\neconomic, political or regulatory conditions outside of SoCalGas' control;\nfees, costs and expenses associated with the transactions described herein;\ntransaction-related tax and accounting impacts; the diversion of management\ntime on transaction-related issues; and the effects on such transactions of\nfactors affecting SoCalGas' business and securities, including the risks and\nuncertainties discussed in the reports we file with the SEC, including under\nthe headings \"Risk Factors\" and \"Information Regarding Forward-Looking\nStatements\" in our annual report on Form 10-K for the year ended December 31,\n2025 and subsequently filed quarterly reports on Form 10-Q. Investors should\nnot rely unduly on any forward-looking statements.\n\n(https://mma.prnewswire.com/media/1561263/SoCalGas_Logo_v2.html)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/socalgas-urges-shareholders-to-vote-for-retirement-of-all-outstanding-shares-of-preferred-stock-at-a-premium-302770067.html\n(https://www.prnewswire.com/news-releases/socalgas-urges-shareholders-to-vote-for-retirement-of-all-outstanding-shares-of-preferred-stock-at-a-premium-302770067.html)\n\nSOURCE Southern California Gas Company\n\n\n\nMedia Contact: Southern California Gas Company, 24-Hour Media Hotline, (213) 244-2442; Financial Contact: Jenell McKay, Sempra, (877) 736-7727, investor@sempra.com\n\nPhoto: \nhttps://mma.prnewswire.com/media/1561263/SoCalGas_Logo_v2.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn3mLv84a","title":"SoCalGas Urges Shareholders to Vote FOR Retirement of All Outstanding Shares of Preferred Stock at a Premium","author":"PR Newswire","ticker":"SOCGP","created":"2026-05-12T20:15:01.330Z","tickers":["SOCGP","SRE"],"exchange":"OTC","article_body":"SoCalGas Urges Shareholders to Vote FOR Retirement of All Outstanding Shares of Preferred Stock at a Premium\n\nPR Newswire\n\nLOS ANGELES, May 12, 2026\n\nA $31.00 per share cash payment represents a premium of more than 20% over the\nrecent market prices, estimated fair value, and par value of the shares\n\nLOS ANGELES, May 12, 2026 /PRNewswire/ -- Southern California Gas Company\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=2197371547&u=http%3A%2F%2Fwww.socalgas.com%2F&a=Southern+California+Gas+Company)\n(SoCalGas) (OTCQB: SOCGP) (OTC PINK: SOCGM), a subsidiary of Sempra\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=3904637464&u=http%3A%2F%2Fwww.sempra.com%2F&a=Sempra)\n (NYSE: SRE), today announced it will hold a Special Meeting of Shareholders\n(the \"Special Meeting\") on July 13, 2026. The anticipated record date for the\nSpecial Meeting is May 18, 2026, and only shareholders at the close of\nbusiness on that date will be eligible to vote.\n\nAt the Special Meeting, SoCalGas will seek approval from holders of its 6%\nPreferred Stock, par value $25.00, and 6% Preferred Stock, Series A, par value\n$25.00, to retire all outstanding shares of preferred stock in exchange for a\ncash payment of $31.00 per share, plus accrued and unpaid dividends to but\nexcluding the retirement date. The cash payment represents a premium of more\nthan 20% over the recent market prices, estimated fair value, and par value of\nthe shares.\n\nAs part of our ongoing efforts to modernize our business and serve our\nstakeholders, SoCalGas is pursuing the proposed transaction to simplify its\ncapital structure while delivering immediate value to shareholders. SoCalGas\nhas filed a preliminary proxy statement for the Special Meeting with the U.S.\nSecurities and Exchange Commission (\"SEC\") and, subject to the timing of SEC\nreview, expects to file its definitive proxy statement on or about May 19,\n2026, at which time shareholders as of the record date for the Special Meeting\nwill be able to submit their votes.\n\nSoCalGas urges all preferred shareholders to vote \"FOR\" this proposal in\nadvance of the meeting. Copies of the proxy materials are available\non SoCalGas' website at socalgas.com/about-us/special-shareholder-meeting\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=3879398538&u=https%3A%2F%2Fwww.socalgas.com%2Fabout-us%2Fspecial-shareholder-meeting&a=socalgas.com%2Fabout-us%2Fspecial-shareholder-meeting)\n.\n\nShareholders with questions about how to vote should contact the Proxy\nInformation Administrator for the Special Meeting:\n\nD.F. King & Co, Inc.\n28 Liberty Street, 53rd Floor\nNew York, New York 10005\nShareholders may call toll free: (800) 769-7666\nBanks and brokers may call collect: (212) 914-0093\nSoCalGas@dfking.com (mailto:SoCalGas@dfking.com)\n\nAbout SoCalGas\nSoCalGas is the largest gas distribution utility in the United States, serving\nmore than 21 million consumers across approximately 24,000 square miles of\nCentral and Southern California. Our mission is: Safe, Reliable, and\nAffordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized\nleader in the energy industry and has been named Corporate Member of the Year\nby the Los Angeles Chamber of Commerce for its volunteer leadership in the\ncommunities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a\nleading U.S. utility holding company. For more information, visit\nSoCalGas.com/newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=2205833606&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4153537-1%26h%3D4198867895%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3473707-1%2526h%253D3807208466%2526u%253Dhttps%25253A%25252F%25252Fc212.net%25252Fc%25252Flink%25252F%25253Ft%25253D0%252526l%25253Den%252526o%25253D3411589-1%252526h%25253D2155989418%252526u%25253Dhttps%2525253A%2525252F%2525252Fc212.net%2525252Fc%2525252Flink%2525252F%2525253Ft%2525253D0%25252526l%2525253Den%25252526o%2525253D3105454-1%25252526h%2525253D2702673948%25252526u%2525253Dhttps%252525253A%252525252F%252525252Fc212.net%252525252Fc%252525252Flink%252525252F%252525253Ft%252525253D0%2525252526l%252525253Den%2525252526o%252525253D3069148-1%2525252526h%252525253D3084479627%2525252526u%252525253Dhttps%25252525253A%25252525252F%25252525252Fwww.socalgas.com%25252525252Fnewsroom%2525252526a%252525253Dsocalgas.com%25252525252Fnewsroom%25252526a%2525253Dsocalgas.com%252525252Fnewsroom%252526a%25253Dsocalgas.com%2525252Fnewsroom%2526a%253Dsocalgas.com%25252Fnewsroom%26a%3Dsocalgas.com%252Fnewsroom&a=SoCalGas.com%2Fnewsroom)\n or connect with SoCalGas on social media @SoCalGas\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686925-1&h=3614511733&u=https%3A%2F%2Fx.com%2Fsocalgas&a=%40SoCalGas)\n.\n\nMessage Funded by Shareholders.\n\nAdditional Information about the Special Meeting and Where to Find It\n\nIn connection with the Special Meeting, on May 4, 2026, SoCalGas filed a\npreliminary proxy statement with the SEC. On or around May 19, 2026, SoCalGas\nexpects to file its definitive proxy statement and mail proxy cards for the\nSpecial Meeting to the shareholders of SoCalGas entitled to vote at the\nSpecial Meeting. This communication is not intended to be, and is not, a\nsubstitute for the proxy statement or any other document that SoCalGas may\nfile with the SEC in connection with the Special Meeting. SOCALGAS URGES\nINVESTORS TO READ THE PROXY STATEMENT AND OTHER MATERIALS FILED WITH THE SEC\n(INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR\nENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN\nIMPORTANT INFORMATION ABOUT THE SPECIAL MEETING AND THE PROPOSALS TO BE VOTED\nON AT THE SPECIAL MEETING. Investors are able to obtain free copies of the\nproxy statement and other documents that will be filed by SoCalGas with the\nSEC (when available) at http://www.sec.gov (http://www.sec.gov) , the SEC's\nwebsite, or from SoCalGas' website at\nhttps://www.socalgas.com/about-us/special-shareholder-meeting\n(http://www.socalgas.com/about-us/special-shareholder-meeting) . In addition,\ninvestors can obtain the Notice of Special Meeting of Shareholders, proxy\nstatement and proxy card free of charge (when available) at www.proxyvote.com\n(http://www.proxyvote.com) .\n\nThis communication does not constitute a solicitation of proxy, an offer to\npurchase or a solicitation of an offer to sell any securities. SoCalGas, its\ndirectors and certain of its officers and employees may be deemed to be\nparticipants in the solicitation of proxies from shareholders in connection\nwith the Special Meeting. Information about SoCalGas' directors and executive\nofficers is set forth in its definitive information statement for its 2026\nannual shareholders meeting filed with the SEC on April 14, 2026. These\ndocuments may be obtained free of charge at the SEC's website at www.sec.gov\n(http://www.sec.gov) or from the Sempra website at www.sempra.com\n(http://www.sempra.com) under the \"Investors\" and \"SEC Filings\" tabs.\nAdditional information regarding the interests of participants in the\nsolicitation of proxies in connection with the Special Meetings will be\nincluded in the definitive proxy statement that SoCalGas will file the SEC in\nconnection with the Special Meeting and other relevant materials SoCalGas may\nfile with the SEC.\n\nInformation Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. Forward-looking\nstatements are based on assumptions about the future, involve risks and\nuncertainties, and are not guarantees. Future results may differ materially\nfrom those expressed or implied in any forward-looking statement. These\nforward-looking statements represent our estimates and assumptions only as of\nthe date of this press release. We assume no obligation to update or revise\nany forward-looking statement as a result of new information, future events or\notherwise.\n\nIn this press release, forward-looking statements can be identified by words\nsuch as \"believe,\" \"expect,\" \"intend,\" \"anticipate,\" \"contemplate,\" \"plan,\"\n\"estimate,\" \"project,\" \"forecast,\" \"envision,\" \"should,\" \"could,\" \"would,\"\n\"will,\" \"confident,\" \"may,\" \"can,\" \"potential,\" \"possible,\" \"proposed,\" \"in\nprocess,\" \"construct,\" \"develop,\" \"opportunity,\" \"preliminary,\" \"pro forma,\"\n\"strategic,\" \"initiative,\" \"target,\" \"outlook,\" \"optimistic,\" \"poised,\"\n\"positioned,\" \"maintain,\" \"continue,\" \"progress,\" \"advance,\" \"goal,\" \"aim,\"\n\"commit,\" or similar expressions, or when we discuss our guidance, priorities,\nstrategies, goals, vision, mission, projections, intentions or expectations.\n\nFactors, among others, that could cause actual results and events to differ\nmaterially from those expressed or implied in any forward-looking statement\ninclude: the ability to obtain all necessary approvals to effect the amendment\nof our restated articles of incorporation and the retirement of the preferred\nstock; the ability to achieve the anticipated benefits of the transactions\ndescribed herein; the effects on such transactions of industry, market,\neconomic, political or regulatory conditions outside of SoCalGas' control;\nfees, costs and expenses associated with the transactions described herein;\ntransaction-related tax and accounting impacts; the diversion of management\ntime on transaction-related issues; and the effects on such transactions of\nfactors affecting SoCalGas' business and securities, including the risks and\nuncertainties discussed in the reports we file with the SEC, including under\nthe headings \"Risk Factors\" and \"Information Regarding Forward-Looking\nStatements\" in our annual report on Form 10-K for the year ended December 31,\n2025 and subsequently filed quarterly reports on Form 10-Q. Investors should\nnot rely unduly on any forward-looking statements.\n\n(https://mma.prnewswire.com/media/1561263/SoCalGas_Logo_v2.html)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/socalgas-urges-shareholders-to-vote-for-retirement-of-all-outstanding-shares-of-preferred-stock-at-a-premium-302770067.html\n(https://www.prnewswire.com/news-releases/socalgas-urges-shareholders-to-vote-for-retirement-of-all-outstanding-shares-of-preferred-stock-at-a-premium-302770067.html)\n\nSOURCE Southern California Gas Company\n\n\n\nMedia Contact: Southern California Gas Company, 24-Hour Media Hotline, (213) 244-2442; Financial Contact: Jenell McKay, Sempra, (877) 736-7727, investor@sempra.com\n\nPhoto: \nhttps://mma.prnewswire.com/media/1561263/SoCalGas_Logo_v2.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-12T20:15:01.377842068Z","server_sent_at_ms":1778616901377},"received_at":"2026-05-12T20:15:01.668Z","source_url":"https://www.prnewswire.com/news-releases/socalgas-urges-shareholders-to-vote-for-retirement-of-all-outstanding-shares-of-preferred-stock-at-a-premium-302770067.html"},"analysis":null,"durationMs":null,"modelName":null}}