Business Context and Reporting Period
Company: The York Water Company (YORW)
Filing Type: Form 8-K (Current Report)
Date of Report: November 25, 2024
Reporting Period: This filing reports a specific corporate event rather than a financial period. The event concerns an executive appointment effective March 3, 2025.
Key Financial Metrics
This Form 8-K filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing discloses a material change in corporate leadership:
- Appointment: Suzanne M. Becker (age 59) has been appointed as Vice President of Customer Service.
- Effective Date: March 3, 2025.
- Background: Ms. Becker previously served in various marketing and administrative roles at Traditions Bank from 2010 to the present.
Guidance, Outlook, and Management Commentary
Compensatory Arrangements:
- Ms. Becker will be eligible for a change in control agreement with terms similar to other Named Executive Officers (excluding the President and CEO).
- Details are referenced in the Company's proxy statement filed on March 17, 2023.
- The specific agreement will be filed as an exhibit to the next Form 10-K or Form 10-Q following approval by the Compensation Committee.
- The filing states there are no undisclosed arrangements or understandings regarding Ms. Becker's selection.
- No transactions requiring disclosure under Item 404(a) of Regulation S-K have occurred since the beginning of the last fiscal year.
Investor Verification Checklist
- Verify the exact terms of the change in control agreement for Ms. Becker once filed as an exhibit to the next 10-K or 10-Q.
- Review the March 17, 2023 proxy statement to understand the standard benefits for Named Executive Officers.
- Confirm the start date of March 3, 2025, for the new Vice President of Customer Service role.