New Jersey Resources Hosts 71st Annual Meeting

Rhea-AI Summary

New Jersey Resources (NYSE: NJR) hosted its 71st Annual Shareowners Meeting, electing four directors for a three-year term. Shareowners also approved a non-binding advisory resolution on executive compensation and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending September 30, 2024.

Shareowners Elect Four Directors

WALL, N.J.--(BUSINESS WIRE)-- New Jersey Resources (NYSE: NJR), today hosted its 71^st Annual Shareowners Meeting. At the virtual meeting, shareowners elected Donald L. Correll, James H. DeGraffenreidt Jr., M. Susan Hardwick and Peter C. Harvey to NJR’s board of directors each for a three-year term that will expire in 2027.

“I appreciate our shareowners' overwhelming support for our directors and confidence in our company,” said Steve Westhoven, President and CEO of New Jersey Resources. “With the strong expertise of our board, we remain committed to executing on our growth strategy and delivering long-term value for our shareowners.”

Also at the meeting, NJR’s longest serving independent director George R. Zoffinger retired from the board.

Highly regarded for his leadership and extensive experience in business and government affairs, Mr. Zoffinger joined NJR’s board on May 9, 1996. During his tenure, he served as a member of the Audit Committee and Leadership Development and Compensation Committee, as well as Chair of the Nominating/Corporate Governance Committee, and contributed the growth and success of NJR.

“I would like to thank George for his candor, counsel and contributions to our board and our company,” Mr. Westhoven said. “For 27 years, he served with distinction and helped make New Jersey Resources a better, stronger company.”

In other business, shareowners approved a non-binding advisory resolution on the compensation of NJR’s named executive officers and ratified the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2024.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve nearly 576,000 customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex, Sussex and Burlington counties.
• Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of approximately 469 megawatts, providing residential and commercial customers with low-carbon solutions.
• Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve^® and initiatives such as SAVEGREEN™ and The Sunlight Advantage^®.

For more information about NJR:
www.njresources.com
Follow us on X (formerly Twitter) @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240124506526/en/

Media:

Mike Kinney

732-938-1031

mkinney@njresources.com

Investors:

Adam Prior

732-938-1145

aprior@njresources.com

Source: New Jersey Resources

FAQ

Who were elected as directors at the 71st Annual Shareowners Meeting of New Jersey Resources?

Donald L. Correll, James H. DeGraffenreidt Jr., M. Susan Hardwick and Peter C. Harvey were elected as directors for a three-year term.

Who retired from the board at the 71st Annual Shareowners Meeting of New Jersey Resources?

George R. Zoffinger, the longest serving independent director, retired from the board.

What resolution did shareowners approve at the meeting?

Shareowners approved a non-binding advisory resolution on the compensation of NJR’s named executive officers.

Who was ratified as the independent registered public accounting firm for the fiscal year ending September 30, 2024?

Deloitte & Touche LLP was ratified as the independent registered public accounting firm.

What is the ticker symbol for New Jersey Resources?

The ticker symbol for New Jersey Resources is NJR.