secwatch.observer — SEC 8-K summary
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Issuer:     ARTESIAN RESOURCES CORP (ARTNA)
CIK:        0000863110
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0000863110-22-000035
Event type: other
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Artesian Resources enters settlement for Superfund site; to receive ~$10M in past cost reimbursement
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- Consent Decree approved July 19, 2022; Trust to pay Artesian Water ~$10.0M for past capital and operating costs.
- $2.5M due by August 18, 2022; remaining $7.5M payable in three equal annual installments from court approval.
- Trust will also reimburse documented reasonable capital and operating costs incurred after July 1, 2021 for treating Site-related contaminants.
- Settlement resolves Artesian Water's claims related to groundwater contamination from the Delaware Sand & Gravel Landfill Superfund Site.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863110/000086311022000035/0000863110-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863110/000086311022000035/8k.htm
  HTML page:      https://secwatch.observer/filing/0000863110-22-000035

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