secwatch.observer — SEC 8-K summary
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Issuer:     Global Water Resources, Inc. (GWRS)
CIK:        0001434728
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001434728-24-000418
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GWRS enters new employment agreements with CEO, CFO, COO effective Jan 1, 2025
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- CEO Fleming receives base salary of $385k in 2025, rising to $402.5k in 2026; target incentive up to 100% of base.
- CFO Liebman base $308k in 2025, $322k in 2026; COO Krygier base $275k in 2025, $287.5k in 2026.
- Fleming to receive 10,000 restricted shares on May 5, 2025 and 2026; Liebman 8,333; Krygier 6,667.
- Severance on qualifying termination: Fleming 6x, Liebman 5.4x, Krygier 4.35x base salary.
- Agreements run through Jan 1, 2028; equity vests fully on change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434728/000143472824000418/0001434728-24-000418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434728/000143472824000418/gwrs-20241220.htm
  HTML page:      https://secwatch.observer/filing/0001434728-24-000418

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer