American States Water Co. files Definitive Proxy Statement for 2024 Annual Meeting

Ticker: AWR · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 1056903

American States Water CO DEF 14A Filing Summary
FieldDetail
CompanyAmerican States Water CO (AWR)
Form TypeDEF 14A
Filed DateApr 5, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$9,000
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Shareholder Vote, Executive Compensation, Director Election

TL;DR

<b>American States Water Co. is holding its 2024 Annual Meeting on May 21, 2024, to elect directors, vote on executive compensation, and ratify auditor appointments.</b>

AI Summary

AMERICAN STATES WATER CO (AWR) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. The 2024 Annual Meeting of Shareholders for American States Water Co. is scheduled for May 21, 2024, at 11:00 a.m. Pacific Time. Shareholders will vote on the election of Class I directors: Steven D. Davis, Anne M. Holloway, and Caroline A. Winn. An advisory vote to approve the compensation of named executive officers is on the agenda. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm will be ratified. The record date for determining shareholders entitled to vote is March 22, 2024.

Why It Matters

For investors and stakeholders tracking AMERICAN STATES WATER CO, this filing contains several important signals. This filing provides shareholders with the necessary information to participate in key corporate governance decisions, including director elections and executive compensation. Shareholders have the opportunity to ratify the company's choice of independent auditor, ensuring transparency and accountability in financial reporting.

Risk Assessment

Risk Level: low — AMERICAN STATES WATER CO shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting and does not contain significant new financial or operational information that would alter the company's risk profile.

Analyst Insight

Review the director nominees and executive compensation proposals to make informed voting decisions at the upcoming annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did AMERICAN STATES WATER CO file this DEF 14A?

AMERICAN STATES WATER CO filed this Proxy Statement (DEF 14A) with the SEC on April 5, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by AMERICAN STATES WATER CO (AWR).

Where can I read the original DEF 14A filing from AMERICAN STATES WATER CO?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AMERICAN STATES WATER CO.

What are the key takeaways from AMERICAN STATES WATER CO's DEF 14A?

AMERICAN STATES WATER CO filed this DEF 14A on April 5, 2024. Key takeaways: The 2024 Annual Meeting of Shareholders for American States Water Co. is scheduled for May 21, 2024, at 11:00 a.m. Pacific Time.. Shareholders will vote on the election of Class I directors: Steven D. Davis, Anne M. Holloway, and Caroline A. Winn.. An advisory vote to approve the compensation of named executive officers is on the agenda..

Is AMERICAN STATES WATER CO a risky investment based on this filing?

Based on this DEF 14A, AMERICAN STATES WATER CO presents a relatively low-risk profile. The filing is a routine proxy statement for an annual shareholder meeting and does not contain significant new financial or operational information that would alter the company's risk profile.

What should investors do after reading AMERICAN STATES WATER CO's DEF 14A?

Review the director nominees and executive compensation proposals to make informed voting decisions at the upcoming annual meeting. The overall sentiment from this filing is neutral.

How does AMERICAN STATES WATER CO compare to its industry peers?

American States Water Co. operates as a utility company, primarily involved in water supply and wastewater services, regulated by state commissions.

Are there regulatory concerns for AMERICAN STATES WATER CO?

The company's operations are subject to extensive regulation by state public utility commissions, impacting rates, service standards, and capital investments.

Industry Context

American States Water Co. operates as a utility company, primarily involved in water supply and wastewater services, regulated by state commissions.

Regulatory Implications

The company's operations are subject to extensive regulation by state public utility commissions, impacting rates, service standards, and capital investments.

What Investors Should Do

  1. Review the proxy statement for details on director nominees and their qualifications.
  2. Examine the advisory vote on executive compensation to understand the company's pay practices.
  3. Confirm the ratification of PricewaterhouseCoopers LLP as the independent auditor.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a definitive proxy statement for an upcoming annual meeting, distinct from other filing types like 10-K or 10-Q.

Filing Stats: 4,827 words · 19 min read · ~16 pages · Grade level 11.5 · Accepted 2024-04-05 10:48:46

Key Financial Figures

Filing Documents

From the Filing

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 American States Water Company (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. TABLE OF CONTENTS American States Water Company Proxy Statement for the 2024 Annual Meeting of Shareholders TABLE OF CONTENTS Notice of 2024 Annual Meeting of Shareholders Date May 21, 2024 Time 11:00 a.m., Pacific Time Location www.virtualshareholder meeting.com/AWR2024 Record Date March 22, 2024 AGENDA To elect the following directors to class I of the board of directors to serve until the annual meeting in 2027 or until their successors are duly elected and qualified: Mr. Steven D. Davis Ms. Anne M. Holloway Ms. Caroline A. Winn; Advisory vote to approve the compensation of our named executive officers; To ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm; and To transact any other business which may properly come before the 2024 annual meeting or any adjournment thereof. By order of the board of directors: Eva G. Tang Corporate Secretary San Dimas, California April 5, 2024 Important Notice Regarding the Availability of Proxy Materials For the Annual Meeting of Shareholders to Be Held on May 21, 2024 Pursuant to rules adopted by the Securities and Exchange Commission, we have elected to furnish our proxy statement, a proxy card and our Annual Report on Form 10-K for the year ended December 31, 2023 primarily via the Internet at www.proxyvote.com . As a result, on or about April 5, 2024, we are mailing to most of our shareholders a Notice of Internet Availability of Proxy Materials. This Notice contains instructions on how to access our proxy materials over the Internet and how to request a paper copy of our proxy materials. On or about April 5, 2024, we are mailing to all our remaining shareholders a paper copy of our proxy materials. If, however, we are unable to mail a paper copy to a shareholder because the shareholder lives in an area where the common carrier has suspended mail service, we will make a good faith effort to deliver the proxy materials to you. Shares must be voted either by telephone, Internet or by completing and returning a proxy card as provided in our proxy statement. Shares cannot be voted by marking, writing on and/or returning this Notice or any other notice regarding our proxy materials. American States Water Company i 2024 Proxy Statement TABLE OF CONTENTS Instructions for Attending the 2024 Annual Meeting We are holding the 2024 annual meeting through a virtual meeting format by electronic transmission via the Internet. As described in the proxy materials for the annual meeting, shareholders of record at the close of business on March 22, 2024, the record date, will be entitled to participate in the virtual annual meeting. American States Water Company shareholders of record may attend the virtual annual meeting by entering their 16-digit control number at www.virtualshareholdermeeting.com/AWR2024 . Beneficial owners may also participate in the annual meeting if the owner's broker, bank or other shareholder of record provides that option to you. The control number is included with the proxy card or notice previously provided to you. Online access to the meeting will begin at 10:45 a.m., Pacific Time on May 21, 2024 and the meeting will start at 11:00 a.m., Pacific Time. During the meeting, shareholders will have an opportunity to vote and submit questions electronically. American States Water Company ii 2024 Proxy Statement TABLE OF CONTENTS TABLE OF CONTENTS Page INFORMATION ABOUT THE 2024 ANNUAL MEETING 1 What is the purpose of the 2024 annual meeting? 1 Who may attend the 2024 annual meeting? 1 How may I vote my shares at the 2024 annual meeting? 2 How may I vote my shares without attending the 2024 annual meeting? 2 How may I cast my vote? 3 May I cumulate my votes for a director? 3 How does the board recommend that I vote at the 2024 annual meeting? 3 How will the named proxies vote if I send in my proxy without voting instructions? 3 How will the named proxies vote if a nominee is unable to serve as director? 4 What vote is required to approve e

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