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  <TITLE>Form 8-K</TITLE>
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   <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>UNITED STATES </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV> <DIV ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Washington, D.C. 20549 </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"
  COLOR="#000000"><B>FORM 8-K </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>CURRENT REPORT </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Pursuant to Section 13 or 15(d) of the </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000"><B>Securities Exchange Act of 1934 </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Date of Report: December 26, 2002 </B></FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
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  <TD VALIGN="bottom" WIDTH="31%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Exact Name of Registrant</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>as
  Specified in Its Charter</B></FONT></DIV> <HR SIZE="1" NOSHADE WIDTH="185" COLOR="#000000"></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="31%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Commission</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>File
  Number</B></FONT></DIV> <HR SIZE="1" NOSHADE WIDTH="90" COLOR="#000000"></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="31%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>I.R.S. Employer</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Identification
  No.</B></FONT></DIV> <HR SIZE="1" NOSHADE WIDTH="124" COLOR="#000000"></TD> </TR>
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  <TD HEIGHT="5"> </TD> </TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Hawaiian Electric Industries, Inc.</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">1-8503</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99-0208097</FONT></DIV> </TD> </TR>
   </TABLE> </DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"><DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>State of Hawaii </B></FONT></DIV> <HR SIZE="1" NOSHADE WIDTH="33%" COLOR="#000000"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">(State or other jurisdiction of incorporation) </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>900 Richards
  Street, Honolulu, Hawaii 93813 </B></FONT></DIV> <HR SIZE="1" NOSHADE WIDTH="40%" COLOR="#000000"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Address of principal executive offices and zip code) </FONT></DIV>
  <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Registrant&#146;s telephone number, including area code:&nbsp;&nbsp;&nbsp;&nbsp;<B>(808)
  543-5662</B> </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>None </B></FONT></DIV> <HR SIZE="1" NOSHADE WIDTH="17%"
  COLOR="#000000"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Former name or former address, if changed since last report.) </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
  <HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left">
  
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   <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;Other Events </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
  <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On December 26, 2002, HEI issued the following news release: </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>HAWAIIAN
  ELECTRIC INDUSTRIES, INC. ANNOUNCES APPOINTMENT OF ERIC K. YEAMAN AS FINANCIAL VICE PRESIDENT, TREASURER AND CHIEF FINANCIAL OFFICER </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman"
  SIZE="2" COLOR="#000000">HONOLULU&#151;Hawaiian Electric Industries, Inc. (<B>NYSE-HE</B>) today announced the appointment of Eric K. Yeaman as financial vice president, treasurer and chief financial officer. Mr. Yeaman will assume his new role
  effective January 15, 2003. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Mr. Yeaman is currently chief operating officer and chief financial officer at
  Kamehameha Schools, one of the nation&#146;s largest private trusts with assets of $5.6 billion, which was established by the Princess Bernice Pauahi Bishop for the education of children of Hawaiian ancestry. Prior to joining Kamehameha Schools, Mr.
  Yeaman was an audit senior manager with Arthur Andersen LLP. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Mr. Yeaman earned his bachelor of business
  administration in accounting degree from the University of Hawaii at Manoa. He is a certified public accountant, a member of the Hawaii Society of Certified Public Accountants, and the American Institute of Certified Public Accountants.
  </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The company&#146;s board of directors met last week to vote on Mr. Yeaman&#146;s appointment. Recusing themselves
  from the board meeting were directors Ms. Diane Plotts and Ms. Constance Lau, who are also trustees of Kamehameha Schools. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">&#147;Eric is an executive with extraordinary talent and energy and we are fortunate to have him join our company,&#148; said Robert F. Clarke, HEI chairman, president and chief executive officer. </FONT></DIV> <DIV><FONT
  SIZE="1">&nbsp;</FONT></DIV> <DIV STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">HEI is the largest Hawaii-based company, providing electric utility services to 95% of Hawaii&#146;s residents and a wide array of banking
  services to consumers and businesses through the state&#146;s third largest bank. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">### </FONT></DIV>
   <P></P> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">1 </FONT></DIV>
  
  
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   <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>SIGNATURE </B></FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
  STYLE="text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
  authorized. </FONT></DIV> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="right">
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  <TD VALIGN="top" COLSPAN="3" WIDTH="35%"> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">HAWAIIAN ELECTRIC INDUSTRIES, INC.</FONT></DIV> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Registrant)</FONT></DIV>
  </TD> </TR>
  <TR>
  <TD HEIGHT="16"> </TD> </TR>
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  <TD VALIGN="top" COLSPAN="3" WIDTH="35%"> <DIV STYLE="margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">/s/&nbsp;&nbsp;&nbsp;&nbsp;C<SMALL>URTIS</SMALL> Y.
  H<SMALL>ARADA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></DIV> </TD> </TR>
  <TR>
  <TD COLSPAN="3"> <HR SIZE="1" NOSHADE COLOR="#000000"></TD> </TR>
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  <TD VALIGN="top" COLSPAN="3" WIDTH="35%"> <DIV STYLE="margin-left:4%; text-indent:-4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Curtis Y. Harada</FONT></DIV> <DIV STYLE="margin-left:4%; text-indent:-4%"><FONT FACE="Times New Roman"
  SIZE="2" COLOR="#000000">Interim Financial Vice President, Treasurer and Chief Financial Officer</FONT></DIV> <DIV STYLE="margin-left:4%; text-indent:-4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Controller</FONT></DIV> <DIV><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(Principal Financial and Accounting Officer of HEI)</FONT></DIV> </TD> </TR>
  <TR>
  <TD VALIGN="top" WIDTH="4%"> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Date:</FONT></DIV> </TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="35%"> <DIV><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">December 26, 2002</FONT></DIV> </TD> </TR>
   </TABLE> </DIV>
   <P></P> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2 </FONT></DIV>
  
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metadata_filer: {"company-data": {"conformed-name": "HAWAIIAN ELECTRIC INDUSTRIES INC", "cik": "0000354707", "assigned-sic": "4911", "irs-number": "990208097", "state-of-incorporation": "HI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08503", "film-number": "02869167"}, "business-address": {"street1": "900 RICHARDS ST", "city": "HONOLULU", "state": "HI", "zip": "96813", "phone": "8085435662"}, "mail-address": {"street1": "900 RICHARDS STREET", "city": "HONOLULU", "state": "HI", "zip": "96813"}}
text: Form 8-K
  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
  Date of Report: December 26, 2002
  Exact Name of Registrant
  as
  Specified in Its Charter
  Commission
  File
  Number
  I.R.S. Employer
  Identification
  No.
  Hawaiian Electric Industries, Inc.
  1-8503
  99-0208097
  State of Hawaii
  (State or other jurisdiction of incorporation)
  900 Richards
  Street, Honolulu, Hawaii 93813
  (Address of principal executive offices and zip code)
  Registrant's telephone number, including area code:
  (808)
  543-5662
  None
  (Former name or former address, if changed since last report.)
  Item 5.    Other Events
  On December 26, 2002, HEI issued the following news release:
  HAWAIIAN
  ELECTRIC INDUSTRIES, INC. ANNOUNCES APPOINTMENT OF ERIC K. YEAMAN AS FINANCIAL VICE PRESIDENT, TREASURER AND CHIEF FINANCIAL OFFICER
  HONOLULU—Hawaiian Electric Industries, Inc. (
  NYSE-HE
  ) today announced the appointment of Eric K. Yeaman as financial vice president, treasurer and chief financial officer. Mr. Yeaman will assume his new role
  effective January 15, 2003.
  Mr. Yeaman is currently chief operating officer and chief financial officer at
  Kamehameha Schools, one of the nation's largest private trusts with assets of $5.6 billion, which was established by the Princess Bernice Pauahi Bishop for the education of children of Hawaiian ancestry. Prior to joining Kamehameha Schools, Mr.
  Yeaman was an audit senior manager with Arthur Andersen LLP.
  Mr. Yeaman earned his bachelor of business
  administration in accounting degree from the University of Hawaii at Manoa. He is a certified public accountant, a member of the Hawaii Society of Certified Public Accountants, and the American Institute of Certified Public Accountants.
  The company's board of directors met last week to vote on Mr. Yeaman's appointment. Recusing themselves
  from the board meeting were directors Ms. Diane Plotts and Ms. Constance Lau, who are also trustees of Kamehameha Schools.
  "Eric is an executive with extraordinary talent and energy and we are fortunate to have him join our company," said Robert F. Clarke, HEI chairman, president and chief executive officer.
  HEI is the largest Hawaii-based company, providing electric utility services to 95% of Hawaii's residents and a wide array of banking
  services to consumers and businesses through the state's third largest bank.
  ###
  1
  SIGNATURE
  Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
  authorized.
  HAWAIIAN ELECTRIC INDUSTRIES, INC.
  (Registrant)
  /s/    C
  URTIS
  Y.
  H
  ARADA
  Curtis Y. Harada
  Interim Financial Vice President, Treasurer and Chief Financial Officer
  Controller
  (Principal Financial and Accounting Officer of HEI)
  Date:
  December 26, 2002
  2