Unitil Corp. Reports Board and Executive Changes
Ticker: UTL · Form: 8-K · Filed: Nov 5, 2024 · CIK: 755001
| Field | Detail |
|---|---|
| Company | Unitil Corp (UTL) |
| Form Type | 8-K |
| Filed Date | Nov 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $65,000, $95,000, $2,000, $7,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, governance
TL;DR
Unitil Corp. shook up its board and exec pay structure on Oct 30th.
AI Summary
On October 30, 2024, Unitil Corp. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. These changes are effective as of the reporting date.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may pose risks.
Key Numbers
- 001-08858 — SEC File Number (Unitil Corp.'s SEC filing identifier)
- 02-0381573 — IRS Employer Identification No. (Unitil Corp.'s tax identification number)
Key Players & Entities
- Unitil Corp. (company) — Registrant
- October 30, 2024 (date) — Date of earliest event reported
- New Hampshire (location) — State of incorporation
- 6 Liberty Lane West, Hampton, New Hampshire 03842-1720 (address) — Principal executive offices
- (603) 772-0775 (phone_number) — Registrant's telephone number
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing indicates the departure of certain officers and directors, but does not specify the exact roles in the provided text.
Who are the newly elected directors?
The filing states that new directors have been elected, but their names are not listed in the provided text.
What are the key changes in compensatory arrangements for officers?
The filing mentions updates to compensatory arrangements for certain officers, but the specifics of these changes are not detailed in the provided text.
What is the primary business of Unitil Corp.?
Unitil Corp. is in the 'ELECTRIC & OTHER SERVICES COMBINED' industry, as indicated by its Standard Industrial Classification code.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 30, 2024.
Filing Stats: 1,014 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-11-05 16:30:52
Key Financial Figures
- $65,000 — hich is currently i) a cash retainer of $65,000 per year paid in quarterly installments
- $95,000 — nstallments, (ii) an equity retainer of $95,000 per year payable in kind as common stoc
- $2,000 — ock or restricted stock units and (iii) $2,000 for each special meeting of the Board o
- $7,000 — will receive an annual cash retainer of $7,000 per committee per year, which is paid i
Filing Documents
- d891602d8k.htm (8-K) — 29KB
- d891602dex991.htm (EX-99.1) — 8KB
- g891602g64c16.jpg (GRAPHIC) — 12KB
- 0001193125-24-251276.txt ( ) — 173KB
- utl-20241030.xsd (EX-101.SCH) — 3KB
- utl-20241030_lab.xml (EX-101.LAB) — 17KB
- utl-20241030_pre.xml (EX-101.PRE) — 11KB
- d891602d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d)Exhibits Number Exhibit 99.1 Press Release dated October 30, 2024 regarding election of director 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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 hereunto duly authorized. UNITIL CORPORATION By: /s/ Daniel J. Hurstak Daniel J. Hurstak Senior Vice President, Chief Financial Officer and Treasurer Date: November 5, 2024