Global Water Resources Names New CEO and Director
Ticker: GWRS · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1434728
Sentiment: neutral
Topics: leadership-change, management-transition, board-of-directors
TL;DR
New CEO Robert W. Worsley takes the helm at Global Water Resources, effective Dec 20.
AI Summary
Global Water Resources, Inc. announced on December 20, 2024, the departure of director Michael L. Smith and the appointment of new director David L. Smith. The company also announced the appointment of Robert W. Worsley as Chief Executive Officer and President, effective December 20, 2024. These changes are part of the company's ongoing leadership transition.
Why It Matters
This filing indicates a significant leadership change at Global Water Resources, with a new CEO and President appointed, which could signal a shift in company strategy or operations.
Risk Assessment
Risk Level: medium — Leadership changes, especially at the CEO level, can introduce uncertainty and potential strategic shifts, impacting the company's future performance.
Key Players & Entities
- Global Water Resources, Inc. (company) — Registrant
- Michael L. Smith (person) — Departing Director
- David L. Smith (person) — Appointed Director
- Robert W. Worsley (person) — Appointed CEO and President
- December 20, 2024 (date) — Effective date of appointments and departures
FAQ
Who has been appointed as the new CEO and President of Global Water Resources, Inc.?
Robert W. Worsley has been appointed as the new Chief Executive Officer and President, effective December 20, 2024.
When were the leadership changes effective?
The changes were effective as of December 20, 2024.
Who is the departing director?
Michael L. Smith is the departing director.
Who has been appointed as a new director?
David L. Smith has been appointed as a new director.
What is the principal executive office address for Global Water Resources, Inc.?
The address is 21410 N. 19th Avenue, Suite 220, Phoenix, Arizona 85027.
Filing Stats: 1,516 words · 6 min read · ~5 pages · Grade level 11.9 · Accepted 2024-12-26 15:58:03
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share GWRS The NASDAQ Stock Market,
- $385,000, M — g will receive an annual base salary of $385,000, Mr. Liebman will receive an annual base s
- $308,000 — n will receive an annual base salary of $308,000, and Mr. Krygier will receive an annual
- $275,000 — r will receive an annual base salary of $275,000. As of January 1, 2026, the annual base
- $402,500 — ebman, and Mr. Krygier will increase to $402,500, $322,000 and $287,500, respectively fo
- $322,000 — Mr. Krygier will increase to $402,500, $322,000 and $287,500, respectively for the 2026
- $287,500 — will increase to $402,500, $322,000 and $287,500, respectively for the 2026 and 2027 cal
Filing Documents
- gwrs-20241220.htm (8-K) — 41KB
- exhibit101-2024x12employme.htm (EX-10.1) — 154KB
- exhibit102-2024x12employme.htm (EX-10.2) — 153KB
- exhibit103-2024x12employme.htm (EX-10.3) — 163KB
- 0001434728-24-000418.txt ( ) — 758KB
- gwrs-20241220.xsd (EX-101.SCH) — 2KB
- gwrs-20241220_def.xml (EX-101.DEF) — 15KB
- gwrs-20241220_lab.xml (EX-101.LAB) — 26KB
- gwrs-20241220_pre.xml (EX-101.PRE) — 15KB
- gwrs-20241220_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Agreement with Ron L. Fleming, dated December 20, 2024 1 0.2 Employment Agreement with Michael J. Liebman, dated December 20, 2024 1 0.3 Employment Agreement with Christopher D. Krygier, dated December 20, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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. GLOBAL WATER RESOURCES, INC. Date: December 26, 2024 /s/ Michael J. Liebman Michael J. Liebman Chief Financial Officer