---
schema_version: "secwatch.filing_event.v1"
accession: "0000863110-25-000037"
form_type: "8-K"
ticker: "ARTNA"
cik: "0000863110"
company_name: "ARTESIAN RESOURCES CORP"
filed_at: "2025-06-05T23:59:59+00:00"
generated_at: "2026-05-19T23:17:48.280703+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Artesian Resources receives Nasdaq notice for board independence non-compliance

## Summary
- Nasdaq notified company on May 30, 2025 of non-compliance with Majority Independent Board and Audit Committee Composition rules.
- Non-compliance triggered by director resignation effective May 6, 2025.
- Cure period ends earlier of next annual meeting or May 6, 2026 (or Nov 3, 2025 if annual meeting before that date).
- Governance committee is searching for a qualified independent director to fill vacancy on Board and Audit Committee.
- No assurance that compliance will be regained within the cure period.

## SEC filing metadata
- accession: 0000863110-25-000037
- form_type: 8-K
- ticker: ARTNA
- cik: 0000863110
- company_name: ARTESIAN RESOURCES CORP
- filed_at: 2025-06-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/863110/000086311025000037/0000863110-25-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/863110/000086311025000037/8k_htm.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000863110-25-000037
- JSON: https://secwatch.observer/filing/0000863110-25-000037.json
- Plain text: https://secwatch.observer/filing/0000863110-25-000037.txt

## Key facts
- Listing & Compliance Notices
  ARTESIAN RESOURCES CORP received a nasdaq deficiency notice notice regarding other (rules 5605(b)(1), 5605(c)(2), 5605(a)(2), 5605(c)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5605(b)(1), 5605(c)(2), 5605(a)(2), 5605(c)(4)
  source text: May 30, 2025, Artesian Resources Corporation (the “Company”) received a written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is no longer in compliance with Nasdaq Marketplace Rule 5605(b)(1), which requires that a majority of the Company’s Board of Directors (the “Board”) be “independent directors” as defined in Nasdaq Marketplace Rule 5605(a)(2) (the “Majority Independent Board Requirement”) and Nasdaq Marketplace Rule 5605(c)(2), which requires the Company to have an audit committee composed of at least three “independent directors” as defi
  evidence_url: https://www.sec.gov/Archives/edgar/data/863110/000086311025000037/0000863110-25-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.