secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001140361-22-003298
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036122003298/0001140361-22-003298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036122003298/brhc10033279_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-003298

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