Middlesex Water Co. Announces Board and Executive Compensation Changes
Ticker: MSEXP · Form: 8-K · Filed: Oct 9, 2024 · CIK: 66004
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: MSEX
TL;DR
Middlesex Water Co. (MSEX) filed an 8-K detailing board changes and executive pay updates.
AI Summary
Middlesex Water Company announced on October 9, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain directors and the election of new ones, alongside updates to the compensatory arrangements for its key officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically have a low direct impact on the company's operational or financial risk.
Key Players & Entities
- MIDDLESEX WATER COMPANY (company) — Registrant
- October 9, 2024 (date) — Date of Report
- New Jersey (location) — State of Incorporation
- Iselin (location) — Principal Executive Offices City
FAQ
What specific changes were made to the Board of Directors?
The filing indicates the departure of certain directors and the election of new directors, though specific names of departing and newly elected individuals are not detailed in the provided excerpt.
What is the nature of the changes in compensatory arrangements?
The filing states that there are updates to the compensatory arrangements of certain officers, but the specific details of these changes are not included in the excerpt.
When was this report filed with the SEC?
This Form 8-K was filed on October 9, 2024.
What is Middlesex Water Company's primary business?
Middlesex Water Company operates in the Water Supply industry, as indicated by its Standard Industrial Classification code 4941.
Where are Middlesex Water Company's principal executive offices located?
The principal executive offices of Middlesex Water Company are located in Iselin, New Jersey.
Filing Stats: 498 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-10-09 17:09:03
Filing Documents
- form8k-32973_msx.htm (8-K) — 21KB
- ex99-1.htm (EX-99.1) — 5KB
- 0001174947-24-001125.txt ( ) — 197KB
- msex-20241009.xsd (EX-101.SCH) — 3KB
- msex-20241009_lab.xml (EX-101.LAB) — 33KB
- msex-20241009_pre.xml (EX-101.PRE) — 22KB
- form8k-32973_msx_htm.xml (XML) — 4KB
02. Departure of Director or Principal Officers; Election
Item 5.02. Departure of Director or Principal Officers; Election of Directors; Appointment of Certain Officers. On October 9, 2024, Middlesex Water Company announced the retirement of Bernadette M. Sohler, Vice President – Corporate Affairs of Middlesex Water Company (the "Company") effective December 31, 2024, as per the attached release. Press Release Middlesex Water Company has announced the retirement, after 30 years of service of Bernadette M. Sohler, Vice President of Corporate Affairs, effective December 31, 2024. As part of organizational realignment under new leadership, Ms. Sohler's current role is being reevaluated and the selection process will follow in due time. A copy of the Company's press release dated October 9, 2024 is filed herewith as Exhibit 99.1 and is hereby incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit Number Description of Document 99.1 Company press release dated October 9, 2024 announcing the retirement of Bernadette M. Sohler from its executive team . 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/Mohammed G. Zerhouni Mohammed G. Zerhouni Sr. Vice President, Chief Financial Officer and Treasurer Dated: October 9, 2024