SJW Group Announces Board and Executive Changes

TL;DR

SJW Group shakes up board, names new execs, adjusts pay.

AI Summary

SJW Group announced on May 28, 2024, changes to its Board of Directors and executive compensation. Thomas B. "Tom" Coleman III was elected as a new director, and the company also appointed new officers and adjusted compensatory arrangements for certain executives. The filing details these board and executive leadership changes.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategy and operational execution.

Key Players & Entities

• SJW Group (company) — Registrant
• Thomas B. "Tom" Coleman III (person) — Newly elected director
• May 28, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share SJW New York Stock Exchange L

Filing Documents

• sjw-20240528.htm (8-K) — 23KB
• 0000766829-24-000058.txt ( ) — 145KB
• sjw-20240528.xsd (EX-101.SCH) — 2KB
• sjw-20240528_lab.xml (EX-101.LAB) — 22KB
• sjw-20240528_pre.xml (EX-101.PRE) — 13KB
• sjw-20240528_htm.xml (XML) — 3KB

From the Filing

sjw-20240528 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 (Date of earliest event reported) May 28, 2024 SJW Group (Exact name of registrant as specified in its charter) Delaware 001-8966 77-0066628 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 110 West Taylor Street, San Jose, CA 95110 (Address of principal executive offices) (Zip Code) (408) 279-7800 Registrant's telephone number, including area code Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share SJW New York Stock Exchange LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter): Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 28, 2024, Mohammed (Rally) G. Zerhouni, Senior Vice President of Finance, Principal Accounting Officer of SJW Group (the "Company"), and of San Jose Water Company, SJWTX, Inc., SJWTX Holdings, Inc., and Connecticut Water Service, Inc., all wholly-owned subsidiaries of the Company, notified the Company of his intent to resign from the Company and its subsidiaries, effective June 14, 2024, in order to pursue another opportunity. On May 30, 2024, Andrew F. Walters, the Company's Chief Financial Officer, was appointed by the Company's Board of Directors to serve as the Company's interim Principal Accounting Officer, effective June 14, 2024. 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 thereunto duly authorized. SJW GROUP Date: May 30, 2024 /s/ Eric W. Thornburg Eric W. Thornburg, Chairman of the Board, President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR