Unitil Shareholders Elect Directors at Annual Meeting
Unitil Corporation (NYSE:UTL) held its Annual Meeting of Shareholders on April 28, 2021, where shareholders elected three new Board members: Suzanne Foster, Thomas P. Meissner, Jr., and Justine Vogel, each for a three-year term. The meeting also ratified Deloitte & Touche, LLP as the independent public accountants for 2021, and 94.4% of shareholders approved the executive compensation advisory vote. CEO Thomas P. Meissner presented highlights from 2020 and discussed the utility industry's transition towards a low-carbon future. For details, visit www.unitil.com.
- 94.4% shareholder approval for executive compensation is a strong indicator of investor confidence.
- Election of three new board members could bring fresh perspectives to the company.
- Ratification of Deloitte & Touche, LLP as public accountants may enhance financial oversight.
- None.
HAMPTON, N.H., April 28, 2021 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (www.unitil.com) held its Annual Meeting of Shareholders today at the corporate office in Hampton, New Hampshire, and online via live webcast. Shareholders elected Suzanne Foster, Thomas P. Meissner, Jr., and Justine Vogel to the Board of Directors each for a term of three years. Shareholders also ratified the selection of Deloitte & Touche, LLP as independent registered public accountants for 2021. Additionally, the required shareholder advisory vote concerning executive compensation, also known as “say on pay,” was approved by
Following the business of the formal meeting, Thomas P. Meissner, Jr., Unitil's Chairman, Chief Executive Officer and President, presented highlights from 2020 as well as the outlook for economic growth for the coming year, and an overview of the utility industry’s transition to a low-carbon future. Mr. Meissner's presentation is available in the Investor Relations section of the Company’s website at www.unitil.com.
About Unitil Corporation
Unitil Corporation provides energy for life by safely and reliably delivering natural gas and electricity in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil’s operating utilities serve approximately 107,100 electric customers and 85,600 natural gas customers. For more information about our people, technologies, and community involvement please visit www.unitil.com.
This press release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. All statements, other than statements of historical fact, are forward-looking statements. Certain factors that could cause the actual results to differ materially from those projected in these forward-looking statements include, but are not limited to the following: variations in weather; changes in the regulatory environment; customers' preferences on energy sources; general economic conditions; increased competition; fluctuations in supply, demand, transmission capacity and prices for energy commodities; and other uncertainties, all of which are difficult to predict, and many of which are beyond the control of Unitil Corporation.
For more information please contact:
Todd Diggins – Investor Relations
Phone: 603-773-6504
Email: diggins@unitil.com
Alec O’Meara – Media Relations
Phone: 603-773-6404
Email: omeara@unitil.com
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