NJR Files 8-K on Shareholder Vote Submission
Ticker: NJR · Form: 8-K · Filed: Jan 29, 2024 · CIK: 356309
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, 8-K
TL;DR
**NJR just filed an 8-K about a shareholder vote, standard corporate stuff.**
AI Summary
New Jersey Resources Corporation (NJR) filed an 8-K on January 29, 2024, reporting on matters submitted to a vote of security holders on January 24, 2024. This filing, under Item 5.07, indicates that the company held a vote, which is a routine corporate governance event. For investors, this matters because it signals transparency and adherence to regulatory requirements, ensuring shareholders have a say in company affairs, even if the specific outcomes of the vote aren't detailed in this particular filing.
Why It Matters
This filing confirms New Jersey Resources Corporation is adhering to corporate governance by submitting matters to a shareholder vote, a standard practice for public companies.
Risk Assessment
Risk Level: low — This filing is a routine disclosure about a shareholder vote, indicating normal corporate governance without any immediate negative implications.
Analyst Insight
A smart investor would note this routine filing as a sign of ongoing corporate governance, but would look for subsequent filings (like a 10-K or 10-Q) for details on the actual outcomes of the shareholder vote and their financial implications.
Key Numbers
- $2.50 — Common Stock par value (identifies the par value of the company's common stock)
Key Players & Entities
- NEW JERSEY RESOURCES CORPORATION (company) — the registrant filing the 8-K
- January 24, 2024 (date) — date of the earliest event reported
- January 29, 2024 (date) — date the 8-K was filed
- NJR (company) — trading symbol for New Jersey Resources Corporation
- $2.50 (dollar_amount) — par value of Common Stock
FAQ
What is the purpose of this 8-K filing by New Jersey Resources Corporation?
The 8-K filing by New Jersey Resources Corporation is to report the 'Submission of Matters to a Vote of Security Holders' as per Item 5.07, with the earliest event reported on January 24, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 24, 2024.
What is the trading symbol and par value of New Jersey Resources Corporation's common stock?
The trading symbol for New Jersey Resources Corporation's common stock is NJR, and its par value is $2.50.
Under which SEC Act and section is this current report filed?
This current report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the state of incorporation for New Jersey Resources Corporation?
New Jersey Resources Corporation is incorporated in New Jersey.
Filing Stats: 688 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-01-29 16:30:30
Key Financial Figures
- $2.50 — ge on which registered Common Stock - $2.50 par value NJR New York Stock Exchan
Filing Documents
- ef20019711_8k.htm (8-K) — 36KB
- 0001140361-24-004295.txt ( ) — 168KB
- njr-20240124.xsd (EX-101.SCH) — 4KB
- njr-20240124_lab.xml (EX-101.LAB) — 22KB
- njr-20240124_pre.xml (EX-101.PRE) — 16KB
- ef20019711_8k_htm.xml (XML) — 4KB
07
Item 5.07. Submission of Matters to a Vote of Security Holders. The Annual Meeting of Shareowners (the "Annual Meeting") of New Jersey Resources Corporation ("NJR") was held on January 24, 2024. At the Annual Meeting, of the 97,786,738 shares outstanding and entitled to vote as of the record date, 85,223,530 shares were represented, constituting a quorum. The final results for each of the matters submitted to a vote of shareowners at the Annual Meeting were as follows:
: The Company's
Item 1 : The Company's shareowners elected the four directors nominated by the Board for election to the Board at the Annual Meeting. Donald L. Correll, James H. DeGraffenreidt, Jr., M. Susan Hardwick and Peter C. Harvey have each been re-elected for a three-year term expiring in 2027, and until their respective successors are elected and have been qualified, by the votes set forth in the table below: Nominee For Withheld Broker Non-Votes Donald L. Correll 71,908,349 2,206,881 11,108,300 James H. DeGraffenreidt, Jr. 72,266,751 1,848,479 11,108,300 M. Susan Hardwick 73,387,262 727,968 11,108,300 Peter C. Harvey 73,545,896 569,334 11,108,300 The terms of office of the following directors continued after the Annual Meeting: Gregory E. Aliff, Jane M. Kenny, Thomas C. O'Connor, Michael A. O'Sullivan, Sharon C. Taylor and Stephen D. Westhoven. George R. Zoffinger, who has been a director since 1996 and whose term expired at the Meeting, has reached the mandatory retirement age under NJR's current director retirement policy and did not stand for reelection. Therefore, the Board was reduced in size to 10 members as of the conclusion of the Annual Meeting.
: The Company's
Item 2 : The Company's shareowners approved a non-binding advisory resolution approving the compensation of the Company's named executive officers, by the votes set forth in the table below: For Against Abstain Broker Non-Votes 71,929,766 1,636,493 548,971 11,108,300
: The Company's
Item 3 : The Company's shareowners ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024, by the votes set forth in the table below: For Against Abstain Broker Non-Votes 82,811,336 2,220,351 191,843 ------ 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 by the undersigned hereunto duly authorized. NEW JERSEY RESOURCES CORPORATION Date: January 29, 2024 By: /s/ Roberto F. Bel Roberto F. Bel Senior Vice President and Chief Financial Officer