RGC Resources Holds Annual Shareholders Meeting

Rhea-AI Summary

RGC Resources, Inc. (NASDAQ: RGCO) announced the election of four directors during its January 23, 2023 shareholder meeting, with Nancy Howell Agee, Jacqueline L. Archer, Robert B. Johnston, and J. Allen Layman securing three-year terms. Shareholders also ratified Brown Edwards & Company, L.L.P. as auditors for fiscal 2023. Following the meeting, the Board of Directors elected John B. Williamson, III as Chairman and Paul W. Nester as President and CEO. RGC Resources serves approximately 62,900 customers in Virginia through its subsidiaries, including Roanoke Gas Company.

Positive

• Election of experienced Directors, enhancing governance.
• Ratification of established auditing firm, ensuring financial oversight.

Negative

• None.

ROANOKE, Va., Jan. 23, 2023 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced the election of Directors at its shareholders meeting held on January 23, 2023. Shareholders elected Nancy Howell Agee, Jacqueline L. Archer, Robert B. Johnston and J. Allen Layman for three-year terms. Shareholders also ratified the appointment of Brown Edwards & Company, L.L.P. as auditors for fiscal 2023.

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, Senior Vice President, Regulatory and External Affairs and Secretary, and C. Brooke Miles, Vice President, Human Resources. 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, Senior Vice President, Regulatory and External Affairs and Secretary, Carl J. Shockley, Jr., Vice President and Chief Operating Officer, and C. Brooke Miles, Vice President, Human Resources.

RGC Resources, Inc. provides energy and related products and services to approximately 62,900 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

Who were elected as directors during RGC Resources' January 2023 shareholders meeting?

Nancy Howell Agee, Jacqueline L. Archer, Robert B. Johnston, and J. Allen Layman were elected as directors.

What significant appointments were made at RGC Resources after the January 2023 meeting?

John B. Williamson, III was elected Chairman of the Board, and Paul W. Nester was elected President and CEO.

What company serves as the auditor for RGC Resources in fiscal 2023?

Brown Edwards & Company, L.L.P. was ratified as the auditor for fiscal 2023.

How many customers does RGC Resources serve?

RGC Resources serves approximately 62,900 customers in Virginia.