Artesian Resources CEO salary raised to $565,000; board fees eliminated; new director elected

ARTESIAN RESOURCES CORP

Compensation Committee approved CEO Nicholle R. Taylor base salary increase to $565,000 and restricted stock award of 1,000 Class A non-voting shares.
Board eliminated CEO's annual board retainer of $67,000 and related restricted stock award for board service.
At annual meeting, Nicholle R. Taylor elected as director with 737,335 votes for, 19,705 against.
Director Kenneth R. Biederman resigned effective after annual meeting, as previously disclosed.

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