Middlesex Water Company Announces Annual Meeting Results
May 24 2017 - 12:07PM
Middlesex Water Company (NASDAQ:MSEX), a provider of water and
wastewater and related services held its Annual Meeting on May 23,
2017 at which shareholders re-elected director John R. Middleton,
M.D., to a one-year term and directors James F. Cosgrove Jr., P. E.
and Jeffries Shein each to three-year terms. Shareholders
also approved a non-binding advisory resolution approving the
compensation of the Company’s named executive officers, approved a
one-year frequency for the non-binding vote approving named
executive officer compensation and voted to ratify the Audit
Committee’s selection of Baker Tilly Virchow Krause, LLP as the
Company’s independent registered public accounting firm for the
fiscal year ending December 31, 2017.
During the meeting, officers discussed the company’s 2016
financial results, customer growth, as well as operational plans
under its Water for Tomorrow® capital campaign in New Jersey.
Planned projects include construction of a large supplementary
transmission main, conversion to ozone treatment, water meter
relocations, booster station upgrades, additional elevated storage
needs – all designed to enhance service reliability, resiliency and
water quality both now and in the future. Management’s
presentation at the Annual Meeting of Shareholders is available in
the Investor Relations section of the company’s website
www.middlesexwater.com under News & Market
Data/Presentations and Interviews.
About Middlesex Water CompanyOrganized in 1897,
Middlesex Water provides regulated and unregulated water and
wastewater utility services in New Jersey, Delaware and
Pennsylvania through various subsidiary companies. For
additional information regarding Middlesex Water Company, visit the
Company's Web site at www.middlesexwater.com or call
(732) 634-1500.
This release contains forward- looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including, among others, our long-term strategy and
expectations, the status of our acquisition program, the impact of
our acquisitions, the impact of current and projected rate requests
and the impact of our capital program on our environmental
compliance. There are important factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements including: general economic
business conditions, unfavorable weather conditions, the success of
certain cost containment initiatives, changes in regulations
or regulatory treatment, availability and the cost of capital, the
success of growth initiatives and other factors discussed in our
filings with the Securities and Exchange Commission.
Media Contact:
Bernadette Sohler, Vice President – Corporate Affairs
Middlesex Water Company
(732) 638-7549
www.middlesexwater.com
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