secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLESEX WATER CO (MSEX)
CIK:        0000066004
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001104659-23-064114
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Middlesex Water CEO Dennis Doll to retire Dec 2023; Q1 net income drops 51% to $5.9M
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- Shareholders re-elected Class III directors and approved say-on-pay; Baker Tilly ratified as auditor.
- Q1 2023 net income $5.9M ($0.33 EPS) vs $12.1M ($0.68) prior year; prior year included gain on wastewater sale.
- CEO Dennis Doll to retire December 2023; no successor named yet.
- 2023 capex plan of $111M includes PFAS treatment, lead service line replacement, and DE system interconnections.
- Filed for $34M (31.2%) base rate increase in NJ; Tidewater expected to file for rate increase H2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66004/000110465923064114/0001104659-23-064114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66004/000110465923064114/tm2316610d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-064114

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