---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-003298"
form_type: "8-K"
ticker: "NJR"
cik: "0000356309"
company_name: "NEW JERSEY RESOURCES CORP"
filed_at: "2022-01-31T23:59:59+00:00"
generated_at: "2026-06-27T13:47:20.575941+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# NJR VP Timothy Shea to retire Feb 28, 2022; awarded potential $3M incentive for FY2024

## Summary
- Shea, VP Energy Services of NJR Energy Services (NJRES), retiring after 23 years, effective Feb 28, 2022.
- Incentive award up to $3M based on 20% of FY2024 NJRES bonus pool, payable in cash or stock.
- Award contingent on release of claims; includes non-solicitation and confidentiality covenants.
- Shareholders re-elected Gregory Aliff, Robert Evans, Thomas O'Connor to three-year terms.
- Advisory vote on executive compensation approved (~98% for) and Deloitte ratified as auditor.

## SEC filing metadata
- accession: 0001140361-22-003298
- form_type: 8-K
- ticker: NJR
- cik: 0000356309
- company_name: NEW JERSEY RESOURCES CORP
- filed_at: 2022-01-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356309/000114036122003298/0001140361-22-003298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356309/000114036122003298/brhc10033279_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-003298
- JSON: https://secwatch.observer/filing/0001140361-22-003298.json
- Plain text: https://secwatch.observer/filing/0001140361-22-003298.txt

## Key facts
- Executive change
  Timothy F. Shea retired as Vice President, Energy Services at NEW JERSEY RESOURCES CORP.
  - Action: retired
  - Role: Vice President, Energy Services
  source text: Timothy F. Shea, Vice President, Energy Services of NJR Energy Services Company (“NJRES”), the unregulated wholesale natural gas marketing business of New Jersey Resources Corporation (the “Company”), is retiring after 23 years with the Company, effective February 28, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/356309/000114036122003298/0001140361-22-003298-index.htm

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