H2O America Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by H2O America on June 24, 2025. The filing discloses the appointment of a new Chief Accounting Officer and details the associated compensatory arrangements.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on executive compensation details for the new appointee:
- Annual Base Salary: $425,000
- Target Annual Incentive: 35% of base salary
- One-Time Sign-On Cash Award: $200,000
- One-Time Service-Based RSUs: $500,000 value
- One-Time Performance-Based RSUs: $175,000 value
- 2025 Service-Based RSUs: $114,750 value
- 2025 Performance-Based RSUs: $76,500 value
Material Changes
On June 24, 2025, the Board of Directors appointed Megan Mattern as Chief Accounting Officer, Principal Accounting Officer, and Controller, effective July 28, 2025. She will also serve as Chief Accounting Officer for San Jose Water Company and other subsidiaries. Ms. Mattern replaces Ann P. Kelly, who was appointed Chief Financial Officer and Treasurer effective July 1, 2025.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, risk factors, or management commentary regarding the company's operational outlook. The document is limited to the disclosure of the executive appointment and the specific terms of the compensation package approved by the Executive Compensation Committee.
Key Facts for Investor Verification
- Verify the effective date of Megan Mattern's appointment (July 28, 2025) and the transition from Ann P. Kelly.
- Confirm the total value of the one-time compensation package, including cash and equity awards.
- Review the terms of the 2023 Long-Term Incentive Plan governing the RSU grants.
- Note that this filing does not contain updated financial performance data for the period.