RGC Resources Holds Annual Shareholders Meeting

Rhea-AI Summary

RGC Resources (NASDAQ: RGCO) held its annual shareholders meeting on January 24, 2022, where shareholders elected Abney S. Boxley, III, Elizabeth A. McClanahan, and John B. Williamson, III to three-year terms on the Board of Directors. Additionally, Brown, Edwards & Company, L.L.P. was ratified as auditors for the fiscal year 2022. Post-meeting, John B. Williamson, III was elected Chairman, and Paul W. Nester was appointed President and CEO. RGC Resources serves around 62,600 customers in Virginia through its subsidiaries, including Roanoke Gas Company.

ROANOKE, Va., Jan. 24, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced the election of Directors at its shareholders meeting held on January 24, 2022. Shareholders elected Abney S. Boxley, III, Elizabeth A. McClanahan, and John B. Williamson, III for three-year terms. Shareholders also ratified the appointment of Brown, Edwards & Company, L.L.P. as auditors for fiscal 2022.

At a meeting of the Board of Directors, following the annual shareholders meeting, John B. Williamson, III was elected Chairman of the Board and Paul W. Nester was elected President and CEO of RGC Resources, Inc. The following RGC Resources senior officers were also elected: Jason A. Field, Vice President, CFO and Treasurer, Lawrence T. Oliver, Vice President and Secretary, and Robert L. Wells, II, Vice President, Chief Information Officer and Assistant Secretary/Assistant Treasurer. In addition, Roanoke Gas Company, the largest subsidiary of RGC Resources, elected the following senior officers: Paul W. Nester, President and CEO, Jason A. Field, Vice President, CFO and Treasurer, Lawrence T. Oliver, Vice President, Regulatory Affairs and Strategy and Secretary, Carl J. Shockley, Jr., Vice President and Chief Operating Officer, and Robert L. Wells, II, Vice President, Customer Service, Assistant Secretary/Assistant Treasurer.

RGC Resources, Inc. provides energy and related products and services to approximately 62,600 customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, LLC.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.

Contact:	Paul W. Nester
	President and CEO
Telephone:	540-777-3837

FAQ

What decisions were made at the RGC Resources shareholders meeting on January 24, 2022?

At the RGC Resources shareholders meeting on January 24, 2022, shareholders elected three directors for three-year terms and ratified the appointment of auditors for fiscal 2022.

Who were elected to the Board of Directors of RGC Resources on January 24, 2022?

Abney S. Boxley, III, Elizabeth A. McClanahan, and John B. Williamson, III were elected to the Board of Directors of RGC Resources.

Who is the new Chairman of the Board for RGC Resources?

John B. Williamson, III was elected as the new Chairman of the Board for RGC Resources.

Who was appointed CEO of RGC Resources after the January 2022 shareholders meeting?

Paul W. Nester was appointed as President and CEO of RGC Resources following the January 2022 shareholders meeting.

How many customers does RGC Resources serve?

RGC Resources provides services to approximately 62,600 customers in Virginia through its subsidiaries.