Consolidated Water Co. Ltd. Announces Annual General Meeting on May 28, 2024

TL;DR

Consolidated Water Co. Ltd. will hold its Annual General Meeting on May 28, 2024, to elect directors, vote on executive compensation, and ratify the appointment of its auditor.

AI Summary

Consolidated Water Co. Ltd. (CWCO) filed a Proxy Statement (DEF 14A) with the SEC on April 18, 2024. The Annual General Meeting (AGM) of Consolidated Water Co. Ltd. will be held on May 28, 2024, at 3:00 p.m. Cayman Islands time. Shareholders will vote on the election of eight directors to the Board of Directors. An advisory vote on executive compensation will be conducted. The ratification of Marcum LLP as the independent registered public accounting firm for fiscal year 2024 is on the agenda. The record date for determining shareholders eligible to attend the meeting is March 28, 2024.

Why It Matters

For investors and stakeholders tracking Consolidated Water Co. Ltd., this filing contains several important signals. The election of directors and advisory vote on executive compensation are key governance matters that shareholders will directly influence. Ratifying the independent auditor is crucial for financial transparency and regulatory compliance.

Risk Assessment

Risk Level: — Consolidated Water Co. Ltd. shows moderate risk based on this filing. The filing is a routine DEF 14A proxy statement detailing the agenda for the annual shareholder meeting, with no immediate financial or operational changes indicated.

Analyst Insight

Shareholders should review the director nominees and executive compensation proposals before the May 28th meeting.

Key Numbers

• May 28, 2024 — Annual General Meeting Date (Date of the shareholder meeting)
• 8 — Directors to be Elected (Number of directors proposed for election)
• March 28, 2024 — Record Date (Date to determine shareholder eligibility)

Key Players & Entities

• Consolidated Water Co. Ltd. (company) — Registrant name
• May 28, 2024 (date) — Annual General Meeting date
• eight (dollar_amount) — Number of directors to be elected
• Marcum LLP (company) — Independent registered public accounting firm
• December 31, 2024 (date) — Fiscal year end for auditor
• March 28, 2024 (date) — Record date for shareholders
• Grand Cayman Marriott Resort (company) — Location of the Annual General Meeting
• DEF 14A (other) — Filing type

FAQ

Risk Factors

• Regulatory Compliance [low — regulatory]: The company must comply with SEC regulations for proxy statements and shareholder meetings.
• Meeting Logistics [low — operational]: Ensuring smooth execution of the Annual General Meeting, including shareholder access and participation.
• Auditor Independence and Effectiveness [low — financial]: The ratification of Marcum LLP ensures the continued engagement of an independent auditor for financial statement verification.

Industry Context

Consolidated Water Co. Ltd. operates in the water utility sector, providing water and wastewater services. This filing pertains to corporate governance procedures.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, requiring public companies to provide shareholders with information prior to their annual meetings.

What Investors Should Do

1. Review the biographies and qualifications of the eight director nominees.
2. Analyze the advisory vote on executive compensation, considering the company's performance.
3. Confirm the ratification of Marcum LLP as the independent auditor for fiscal year 2024.

Key Dates

• 2024-05-28: Annual General Meeting — Shareholders will vote on key corporate matters.
• 2024-03-28: Record Date — Determines which shareholders are eligible to vote and attend the AGM.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement for an upcoming annual shareholder meeting, providing details on agenda items and record dates.

Key Financial Figures

• $5.5 million — ders, including returning approximately $5.5 million to shareholders in the form of dividend
• $0.50 — Company's Ordinary Shares, par value CI$0.50 per share (the "Ordinary Shares"), and

Filing Documents

• tm242988-1_def14a.htm (DEF 14A) — 499KB
• px_consolidateproxy1pg01-bw.jpg (GRAPHIC) — 238KB
• px_consolidateproxy1pg02-bw.jpg (GRAPHIC) — 272KB
• 0001104659-24-048920.txt ( ) — 1174KB

From the Filing

DEF 14A 1 tm242988-1_def14a.htm DEF 14A tm242988-1_def14a - none - 4.9063038s UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 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 CONSOLIDATED WATER CO. LTD. (Name of Registrant as Specified in Its Charter) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. CONSOLIDATED WATER CO. LTD. Regatta Office Park, Windward Three, 4th Floor, West Bay Road P.O. Box 1114 Grand Cayman, KY1-1102 Cayman Islands Notice of Annual General Meeting of Shareholders to be held on Tuesday, May 28, 2024 Notice is hereby given that the Annual General Meeting of Shareholders of Consolidated Water Co. Ltd. (the " Company " ) will be held at the Grand Cayman Marriott Resort, 389 West Bay Road, Seven Mile Beach, Grand Cayman, Cayman Islands, at 3:00 p.m. Cayman Islands time (4:00 p.m. Eastern Daylight Time), on Tuesday, May 28, 2024. Shareholders will need to have the 16-digit control number included on their Notice of Internet Availability, their proxy card or the instructions that accompanied their proxy materials to be admitted to the Annual General Meeting. The Annual General Meeting will be held for the purpose of considering and acting upon the following matters: 1. The election of eight directors to the Board of Directors; 2. The advisory vote on executive compensation; 3. The ratification of the selection of Marcum LLP as the Company ' s independent registered public accounting firm for the fiscal year ending December 31, 2024, at the remuneration to be determined by the Audit Committee of the Board of Directors; and 4. Such other business as may properly come before the meeting. Admittance to the meeting will be limited to shareholders. The Board of Directors has fixed the close of business on March 28, 2024 as the record date for the determination of shareholders entitled to notice of and to vote at the meeting and any postponement or adjournment thereof. Accordingly, only shareholders of record at the close of business on that date will be entitled to vote at the meeting. EACH SHAREHOLDER IS URGED TO SUBMIT A PROXY AS SOON AS POSSIBLE VIA THE INTERNET, TELEPHONE OR MAIL. ANY PROXY (AND ANY POWER OF ATTORNEY OR OTHER AUTHORITY UNDER WHICH IT IS SIGNED, OR A NOTARIZED COPY OF SUCH AUTHORITY) MUST BE DEPOSITED BY MAIL AT THE FOLLOWING ADDRESS: VOTE PROCESSING, C/O BROADRIDGE, 51 MERCEDES WAY, EDGEWOOD, NY 11717 OR ELECTRONICALLY AT WWW.PROXYVOTE.COM AT LEAST 24 HOURS BEFORE THE MEETING IN ORDER TO BE VOTED AT THE MEETING. SHAREHOLDERS WHO EXECUTE A PROXY MAY ATTEND THE MEETING; HOWEVER, ATTENDANCE AT THE MEETING WILL AUTOMATICALLY REVOKE A SHAREHOLDER ' S PREVIOUSLY SUBMITTED PROXY. THEREFORE, A SHAREHOLDER WHO ATTENDS THE MEETING WILL NEED TO VOTE HIS, HER OR ITS SHARES AT THE MEETING IN ORDER FOR HIS, HER OR ITS SHARES TO BE COUNTED. IN THE CASE OF JOINT HOLDERS, THE VOTE OF THE SENIOR HOLDER WHO TENDERS A VOTE, WHETHER IN PERSON OR BY PROXY, SHALL BE ACCEPTED TO THE EXCLUSION OF THE VOTES OF THE OTHER JOINT HOLDERS, AND FOR THIS PURPOSE SENIORITY SHALL BE DETERMINED BY THE ORDER IN WHICH THE NAMES OF THE HOLDERS STAND IN THE REGISTER. By Order of the Board of Directors, Wilmer F. Pergande Chairman of the Board April 18, 2024 Enclosures CHAIRMAN'S LETTER April 18, 2024 Dear Shareholder: On behalf of the Board of Directors, it is our pleasure to invite you to the 2024 Annual General Meeting of Shareholders of Consolidated Water Co. Ltd. to be held at the Grand Cayman Marriott Resort, 389 West Bay Road, Seven Mile Beach, Grand Cayman, Cayman Islands, at 3:00 p.m. Cayman Islands time (4:00 p.m. Eastern Daylight Time), on Tuesday, May 28, 2024. These past several years have presented unprecedented challenges on a global scale. We are appreciative of the opportunities we have had to continue to serve our customers after overcoming the challenges they faced. Throughout the year, the Board of Directors and executive management collaborated closely to ensure the company met its commitments to a broad range of stakeholders, including our employees, customers, the communities we operate in, suppliers, and of course our shareholders. Amidst the challenges, this past fiscal year offered another year for quality financial performance, and we delivered positive results for our shareholders, including returning approximately $5.5 million to shareholders in the form of dividends and increasi

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View this DEF 14A filing on SEC EDGAR