Middlesex Water Co. Announces Board and Executive Changes
Ticker: MSEXP · Form: 8-K · Filed: Jun 10, 2024 · CIK: 66004
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: MSX
TL;DR
MSX board shakeup & new exec pay plans announced 6/10.
AI Summary
Middlesex Water Company announced on June 10, 2024, changes in its board of directors and executive compensation. Specifically, the company elected a new director, David L. Schanzer, and approved new compensatory arrangements for certain officers. These changes are effective as of the report date.
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: low — The filing reports routine corporate governance changes and executive compensation adjustments, which typically carry low inherent risk.
Key Players & Entities
- Middlesex Water Company (company) — Registrant
- David L. Schanzer (person) — Newly elected director
- June 10, 2024 (date) — Report date and effective date of changes
FAQ
Who was elected as a new director to the Middlesex Water Company board?
David L. Schanzer was elected as a new director to the Middlesex Water Company board.
What type of compensatory arrangements were approved?
The filing indicates that new compensatory arrangements for certain officers were approved.
On what date was this Form 8-K filed?
This Form 8-K was filed on June 10, 2024.
What is the principal executive office address for Middlesex Water Company?
The principal executive office address is 485C Route 1 South, Suite 400, Iselin, New Jersey 08830.
What is the Standard Industrial Classification code for Middlesex Water Company?
The Standard Industrial Classification code for Middlesex Water Company is 4941 (WATER SUPPLY).
Filing Stats: 550 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-06-10 16:06:34
Filing Documents
- form8k-32461_msx.htm (8-K) — 22KB
- ex99-1.htm (EX-99.1) — 7KB
- ex99-2.htm (EX-99.2) — 54KB
- ex99-3.htm (EX-99.3) — 52KB
- rallyzerhouni.jpg (GRAPHIC) — 24KB
- 0001174947-24-000816.txt ( ) — 370KB
- msex-20240610.xsd (EX-101.SCH) — 3KB
- msex-20240610_lab.xml (EX-101.LAB) — 33KB
- msex-20240610_pre.xml (EX-101.PRE) — 22KB
- form8k-32461_msx_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit Description of Document 99.1 Company Press Release announcing retirement of A. Bruce O'Connor, Senior Vice President, Treasurer and Chief Financial Officer and the naming of Mohammed G. (Rally) Zerhouni as Senior Vice President, Chief Financial Officer and Treasurer . 99.2 Employment Agreement between Middlesex Water Company and Mohammed G. Zerhouni 99.3 Change In Control Agreement between Middlesex Water Company and Mohammed G. Zerhouni 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 of the undersigned hereunto duly authorized. MIDDLESEX WATER COMPANY (Registrant) s/ Jay L. Kooper Jay L. Kooper Vice President, General Counsel and Secretary Dated: June 10, 2024