Business Context and Reporting Period
This Form 8-K Current Report was filed by American States Water Company and Golden State Water Company on February 4, 2025. The filing addresses corporate governance matters, specifically the approval of executive compensation for the 2025 fiscal year.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive salary adjustments and does not contain financial performance data.
Material Changes
The primary material change reported is the Board of Directors' approval of new base salaries for five key officers effective for the 2025 calendar year. The approved salaries are as follows:
- Robert J. Sprowls (President and CEO): $975,000
- Eva G. Tang (SVP-Finance, CFO, Corporate Secretary): $630,400
- Paul J. Rowley (SVP-Regulated Water Utility): $488,900
- Christopher H. Connor (SVP-American States Utility Services): $430,200
- Gladys M. Farrow (Assistant Secretary, VP-Finance, Treasurer): $391,800
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document is limited to the disclosure of compensatory arrangements under Item 5.02(e).
Investor Verification Checklist
- Verify the effective date of the new salary structure (2025).
- Confirm the specific roles and titles of the named officers to ensure accurate compensation attribution.
- Review the company's most recent 10-K or 10-Q for baseline financial performance, as this 8-K does not include operational metrics.