Middlesex Water Company Hosts Annual Meeting of Shareholders

Rhea-AI Summary

Middlesex Water Company (NASDAQ:MSEX) held its Annual Meeting of Shareholders online on May 25, 2021. During this meeting, shareholders re-elected board members and approved executive compensation. The company emphasized its critical role in public health during the COVID-19 pandemic and discussed financial results from 2020 and Q1 2021, alongside ongoing infrastructure investments.

For more details, an audio webcast of the meeting is archived for a year at www.virtualshareholdermeeting.com/MSEX2021.

Positive

• Re-elected board members for continued leadership.
• Approval of executive compensation aligns with shareholder interests.
• Highlighted essential role in public health during COVID-19.
• Ongoing investment in major infrastructure projects supports long-term growth.

Negative

• None.

ISELIN, N.J., May 27, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services held its Annual Meeting of Shareholders exclusively online on May 25, 2021 at which shareholders re-elected Dennis W. Doll, Kim C. Hanemann and Ann L. Noble to a three-year term and Joshua Bershad, M.D. to a two-year term on the Company’s Board of Directors. Shareholders also approved a non-binding advisory resolution approving the compensation of the Company’s named executive officers and ratified the Audit Committee’s selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021.

During the meeting, officers discussed the Company’s essential role as a service provider critical to public health protection in the COVID-19 pandemic response, its 2020 and First Quarter 2021 financial results, ongoing investment in major infrastructure capital projects and project funding.

An audio webcast of the Middlesex Water Annual Meeting of Shareholders will be archived for one year at: www.virtualshareholdermeeting.com/MSEX2021.

About Middlesex Water Company
Established in 1897, Middlesex Water Company (NASDAQ:MSEX) serves as a trusted provider offering life-sustaining high quality water service for residential, commercial, industrial and fire protection purposes. The Company offers a full range of water, wastewater utility and related services. An investor-owned public utility, Middlesex Water is a professional services provider specializing in municipal and industrial contract operations and water and wastewater system technical operations and maintenance. The company and its subsidiaries form the Middlesex Water family of companies, which collectively serve a population of nearly half a million people in New Jersey and Delaware.  Named a 2020 Top Workplace in New Jersey and a 2020 Superstar in Business in Delaware, Middlesex is diligently focused on meeting and balancing the needs of our employees, customers, and shareholders. We invest in our people, our infrastructure and the communities we serve to support reliable and resilient utility services, economic growth and quality of life.  To learn more, visit our website and follow us on Facebook, Twitter and Linked In.

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

FAQ

What was discussed during Middlesex Water's Annual Meeting on May 25, 2021?

Middlesex Water discussed board member re-elections, executive compensation approvals, financial results, and infrastructure investments during the meeting.

Who were re-elected to the Board of Directors at the Middlesex Water Annual Meeting?

Dennis W. Doll, Kim C. Hanemann, Ann L. Noble, and Joshua Bershad, M.D. were re-elected.

How did Middlesex Water perform financially in 2020 and Q1 2021?

The company discussed its financial results during the meeting, emphasizing its role in public health.

Where can I find the audio of the Middlesex Water Annual Meeting?

The audio webcast is archived at www.virtualshareholdermeeting.com/MSEX2021 for one year.

What are Middlesex Water's plans for infrastructure investment?

The company is focusing on ongoing investments in major infrastructure capital projects.