8-KThe WireRoutine
Company Update
Filed Dec 13, 2024 · 1y ago · Accession 0001552781-24-000632
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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): December 11, 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))
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. ☐
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
Item
8.01 Other Events.
Annually, the Essential Board of Directors (the “Board”)
consults with the independent compensation consultant retained by the Board’s Executive Compensation Committee, Pay Governance,
to review compensation paid with the goals of attracting and retaining high quality directors. Based on advice from Pay Governance and
Board deliberation, on December 11, 2024, the Board of Essential Utilities, Inc. (the “Company”), upon the recommendation
of the Executive Compensation Committee and the Corporate Governance Committee, approved an increase in the annual board cash retainer
for all non-employee directors of $5,000 per year and an increase in the annual equity award for all non-employee directors of $15,000
per year. The increase is effective as of January 1, 2025, when the annual cash retainer will $110,000 and the annual equity award will
be increased to $135,000 per year. The updated schedule of non-employee directors’ compensation is attached to this Form 8-K as
an exhibit and incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Non-Employee Directors’ Compensation, effective January 1, 2025.
104 Cover
Page Interactive Data File (formatted as inline XBRL).
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.
ESSENTIAL
UTILITIES, INC.
December 13, 2024
By:
/s/
Christopher P. Luning
Name:
Christopher
P. Luning
Title:
Executive Vice President, General Counsel
Filing details
- Company
- Essential Utilities, Inc.
- Ticker
- WTRG
- CIK
- 78128
- Form type
- 8-K
- Filing date
- Dec 13, 2024
- Report date
- Dec 11, 2024
- Document
- e24473_wtrg-8k.htm
- Size
- 199 KB