York Water Co. Updates Executive Compensation Arrangements
Ticker: YORW · Form: 8-K · Filed: Jan 30, 2024 · CIK: 108985
| Field | Detail |
|---|---|
| Company | York Water Co (YORW) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, corporate-governance, 8-K
TL;DR
**York Water Co. just updated executive pay, watch for impact on management and costs.**
AI Summary
The York Water Company filed an 8-K on January 29, 2024, to report changes in its executive compensation arrangements. This filing indicates that the company is updating how it compensates its top officers, which can impact the company's financial health and executive retention. For investors, this matters because executive compensation directly affects the company's expenses and can signal confidence in future performance or potential governance shifts.
Why It Matters
Changes in executive compensation can influence management's motivation and retention, directly impacting the company's operational stability and long-term strategic execution.
Risk Assessment
Risk Level: low — This filing is a routine disclosure about executive compensation arrangements, which typically carries a low direct risk unless the changes are unusually large or controversial.
Analyst Insight
Investors should monitor future filings for details on the specific changes to compensatory arrangements, as these could impact the company's financial outlook and executive performance incentives.
Key Players & Entities
- THE YORK WATER COMPANY (company) — registrant
- January 29, 2024 (date) — date of earliest event reported
- Pennsylvania (company) — state of incorporation
- 001-34245 (dollar_amount) — Commission File Number
- 23-1242500 (dollar_amount) — I.R.S. Employer Identification No.
- 130 East Market Street, York, Pennsylvania 17401 (company) — principal executive offices address
- 717-845-3601 (dollar_amount) — registrant's telephone number
- COMMON STOCK, NO PAR VALUE (company) — title of class of securities registered
- YORW (company) — trading symbol
- The Nasdaq Global Select Market (company) — exchange on which registered
FAQ
What was the specific event reported by The York Water Company in this 8-K filing?
The specific event reported was related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as indicated by Item Information in the filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 29, 2024, as stated in the 'Date of Report' section.
What is the trading symbol and the exchange where The York Water Company's common stock is registered?
The trading symbol for The York Water Company's common stock is YORW, and it is registered on The Nasdaq Global Select Market.
What is the business address of The York Water Company?
The business address of The York Water Company is 130 East Market Street, York, Pennsylvania 17401.
Is The York Water Company considered an emerging growth company according to this filing?
No, the filing indicates with a checkbox (☐) that The York Water Company is not an emerging growth company.
Filing Stats: 474 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-01-30 14:02:24
Filing Documents
- form8k-011824.htm (8-K) — 36KB
- image1.jpg (GRAPHIC) — 4KB
- 0000108985-24-000011.txt ( ) — 179KB
- yorw-20240129.xsd (EX-101.SCH) — 4KB
- yorw-20240129_lab.xml (EX-101.LAB) — 22KB
- yorw-20240129_pre.xml (EX-101.PRE) — 16KB
- form8k-011824_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Retirement of Vice President of Customer Service On January 29, 2024, Vernon L. Bracey, Vice President of Customer Service of The York Water Company ("the Company"), notified the Company of his intent to retire on September 1, 2024. Mr. Bracey has been with the Company since 1998 and has served as Vice President of Customer Service since 2003. He will continue to perform the duties of his position and participate in the benefits outlined in the Company's Proxy Statement filed with the Securities and Exchange Commission on March 17, 2023, until his retirement. THE YORK WATER COMPANY
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 thereunto duly authorized. THE YORK WATER COMPANY /s/ Matthew E. Poff Date: January 30, 2024 Matthew E. Poff Chief Financial Officer