Middlesex Water Co. Announces Executive and Board Changes
Ticker: MSEXP · Form: 8-K · Filed: Nov 26, 2024 · CIK: 66004
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Middlesex Water Co. is shuffling its execs and board – watch for new strategies.
AI Summary
Middlesex Water Company announced on November 26, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names and financial details of these arrangements are not fully disclosed in this initial summary but are expected within the filing.
Why It Matters
Changes in leadership and board composition can signal shifts in company strategy, governance, and future performance, impacting investor confidence and operational direction.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational stability.
Key Numbers
- 2024-11-26 — Report Date (Date of the 8-K filing and report)
Key Players & Entities
- MIDDLESEX WATER COMPANY (company) — Registrant
- New Jersey (location) — State of incorporation
- Iselin (location) — Principal executive offices city
FAQ
What specific roles have been affected by the executive and director changes?
The filing indicates the departure of certain officers and directors, and the election of new directors, but does not specify the exact roles in this summary.
When were these changes effective?
The report is dated November 26, 2024, suggesting the changes are effective around this date.
Are there any details on new compensatory arrangements?
The filing mentions updates to compensatory arrangements of certain officers, but specific details are not provided in the initial summary.
What is Middlesex Water Company's primary business?
Middlesex Water Company operates in the Water Supply industry, as indicated by its SIC code 4941.
Where is Middlesex Water Company headquartered?
The company's principal executive offices are located at 485C Route One South, Suite 400, Iselin, New Jersey 08830.
Filing Stats: 581 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-11-26 16:05:17
Filing Documents
- tm2429517d1_8k.htm (8-K) — 27KB
- tm2429517d1_ex99-1.htm (EX-99.1) — 8KB
- tm2429517d1_ex99-2.htm (EX-99.2) — 63KB
- tm2429517d1_ex99-3.htm (EX-99.3) — 53KB
- tm2429517d1_ex99-4.htm (EX-99.4) — 7KB
- 0001104659-24-123078.txt ( ) — 366KB
- msex-20241126.xsd (EX-101.SCH) — 3KB
- msex-20241126_lab.xml (EX-101.LAB) — 33KB
- msex-20241126_pre.xml (EX-101.PRE) — 22KB
- tm2429517d1_8k_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Description of Document 99.1 Company Press Release announcing the appointment of Gregory Sorensen as Vice President and Chief Operating Officer. 99.2 Employment Agreement between Middlesex Water Company and Gregory Sorensen 99.3 Change In Control Agreement between Middlesex Water Company and Gregory Sorensen 99.4 Company Press Release announcing retirement of G. Christian Andreasen, Vice President, Enterprise Engineering. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. 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 Sr. Vice President, Chief Financial Officer and Treasurer Dated: November 26, 2024