other
confidence high
sentiment neutral
materiality 0.20
Middlesex Water renews change in control agreements for six executives, amends CEO agreement
MIDDLESEX WATER CO
- Existing change in control agreements with seven executives not extended past Dec 31, 2024; new agreements effective Jan 1, 2025.
- New agreements with Jay Kooper, Lorrie Ginegaw, Robert Fullagar, Georgia Simpson, Robert Capko, and two others.
- CEO Nadine Leslie's change in control agreement amended on Nov 4, 2024, with revised terms.
- Severance benefits include lump sum payment and benefit continuation for qualifying termination within two years after a change in control.
- Standard conditions: termination by company without cause or by executive for good reason.