Essential Utilities Names New Directors and Officers

TL;DR

Essential Utilities shakes up leadership with new board members and key officers.

AI Summary

On November 6, 2024, Essential Utilities, Inc. announced changes in its executive team and board of directors. The company elected two new directors, Christopher J. Foley and David J. Schanzer, to its Board, effective November 6, 2024. Additionally, the company appointed a new Chief Accounting Officer, Sarah J. Kelleher, and a new Senior Vice President, General Counsel, and Corporate Secretary, David P. O'Connell.

Why It Matters

These executive and board changes could signal a shift in company strategy or governance, potentially impacting investor confidence and future operational decisions.

Risk Assessment

Risk Level: medium — Changes in key leadership roles can introduce uncertainty regarding future strategy and execution, warranting closer observation.

Key Players & Entities

• Essential Utilities, Inc. (company) — Registrant
• Christopher J. Foley (person) — Newly elected Director
• David J. Schanzer (person) — Newly elected Director
• Sarah J. Kelleher (person) — Newly appointed Chief Accounting Officer
• David P. O'Connell (person) — Newly appointed Senior Vice President, General Counsel, and Corporate Secretary
• November 6, 2024 (date) — Effective date of appointments and elections

FAQ

From the Filing

0001552781-24-000585.txt : 20241107 0001552781-24-000585.hdr.sgml : 20241107 20241107161451 ACCESSION NUMBER: 0001552781-24-000585 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241106 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Essential Utilities, Inc. CENTRAL INDEX KEY: 0000078128 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 231702594 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06659 FILM NUMBER: 241435922 BUSINESS ADDRESS: STREET 1: 762 W. LANCASTER AVE CITY: BRYN MAWR STATE: PA ZIP: 19010-3489 BUSINESS PHONE: 610-527-8000 MAIL ADDRESS: STREET 1: 762 W. LANCASTER AVE CITY: BRYN MAWR STATE: PA ZIP: 19010-3489 FORMER COMPANY: FORMER CONFORMED NAME: AQUA AMERICA INC DATE OF NAME CHANGE: 20040120 FORMER COMPANY: FORMER CONFORMED NAME: PHILADELPHIA SUBURBAN CORP DATE OF NAME CHANGE: 19920703 8-K 1 e24439_wtrg-8k.htm WTRG 8-K false 0000078128 0000078128 2024-11-06 2024-11-06 iso4217:USD xbrli:shares iso4217:USD xbrli:shares   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________ FORM 8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): November 6, 2024   Essential Utilities, Inc. (Exact Name of Registrant Specified in Charter) Pennsylvania 001-06659 23-1702594 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)   762 West Lancaster Avenue     Bryn Mawr , Pennsylvania   19010-3489 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s telephone number, including area code: (610) 527-8000   Not Applicable (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, $.50 par value   WTRG   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐     Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   Departure of Director   On November 6, 2024, Edwina Kelly, notified the Chairman and Chief Executive Officer of Essential Utilities, Inc. (the “Company”) of her resignation, effective as of the date thereof, from her position a