8-K
filed January 25, 2023, 6:59 PM ET
ticker RGCO
CIK 0001069533
other
confidence high
sentiment neutral
materiality 0.35
RGC Resources elects new Chairman and CEO; Robert Wells retires after 38 years
RGC RESOURCES INC
- C. Brooke Miles appointed VP, Human Resources, Assistant Treasurer and Assistant Secretary.
- Lawrence T. Oliver promoted to Senior VP, Regulatory and External Affairs, and Secretary.
- Robert L. Wells II stepping down from VP and CIO role after 38 years of service.
- Shareholders re-elected four Class B directors; auditors Brown Edwards ratified for FY2023.
- John B. Williamson III elected Chairman; Paul W. Nester elected President and CEO of Resources.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Lawrence T. Oliver changed role as Senior Vice President, Regulatory and External Affairs, and Secretary at RGC RESOURCES INC.
- Action
- promoted
- Role
- Senior Vice President, Regulatory and External Affairs, and Secretary
Exact text from the filing
Lawrence T. Oliver, the current Vice President and Secretary of Resources was appointed as Senior Vice President, Regulatory and External Affairs, and Secretary of Resources.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Robert L. Wells, II departed as Vice President and Chief Information Officer, Assistant Secretary and Assistant Treasurer at RGC RESOURCES INC.
- Action
- stepping down
- Role
- Vice President and Chief Information Officer, Assistant Secretary and Assistant Treasurer
Exact text from the filing
After 38 years of service to Resources and Roanoke Gas Company, Robert L. Wells, II is stepping down from his role of Vice President and Chief Information Officer, Assistant Secretary and Assistant Treasurer of Resources.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
C. Brooke Miles was appointed as Vice President, Human Resources, Assistant Treasurer and Assistant Secretary at RGC RESOURCES INC.
- Action
- appointed
- Role
- Vice President, Human Resources, Assistant Treasurer and Assistant Secretary
Exact text from the filing
C. Brooke Miles was appointed Vice President, Human Resources, Assistant Treasurer and Assistant Secretary of RGC Resources, Inc. ("Resources").
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RGC RESOURCES INC shareholders voted on Non-binding shareholder advisory vote on the frequency of the non-binding executive compensation advisory vote at the 2023-01-23 meeting.
- Proposal
- say on pay frequency
- Meeting
- 2023-01-23
Exact text from the filing
Shareholders advisory vote on the recommended frequency of the non-binding vote on executive compensation is indicated below: Shares For 1 Year 2 Years 3 Years Shares Abstaining 5,666,462 30,881 253,726 106,147
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RGC RESOURCES INC shareholders approved Non-binding shareholder advisory vote on named executive compensation at the 2023-01-23 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-01-23
Exact text from the filing
Shareholders approved executive compensation through a non-binding advisory vote as indicated below: Shares For Shares Against Shares Abstaining Broker Non Votes 5,905,714 88,366 63,136 1,584,731
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RGC RESOURCES INC shareholders approved Approval of an additional 200,000 Common Shares for issuance under the Restricted Stock Plan for Outside Directors at the 2023-01-23 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-01-23
Exact text from the filing
Shareholders approved an additional 200,000 Common Shares of the Company for issuance under the Restricted Stock Plan for Outside Directors as indicated below: Shares For Shares Against Shares Abstaining Broker Non Votes 5,832,249 173,500 51,467 1,584,731
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RGC RESOURCES INC shareholders approved Ratification of selection of Brown Edwards & Company, L.L.P. as independent auditors for the fiscal year ending September 30, 2023 at the 2023-01-23 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-01-23
Exact text from the filing
Shareholders approved the selection by the Audit Committee of the Board of Directors of the firm Brown Edwards & Company, L.L.P. as independent auditors for the fiscal year ending September 30, 2023, by the following vote: Shares For Shares Against Shares Abstaining 7,512,378 98,470 31,099
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
RGC RESOURCES INC shareholders approved Election of four Class B directors to serve a three-year term expiring at the Annual Meeting of Shareholders to be held in 2026 at the 2023-01-23 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-01-23
Exact text from the filing
Shareholders elected the nominees for Class B directors as listed below to serve a three-year term expiring at the Annual Meeting of Shareholders to be held in 2026: Director Shares For Shares Withheld Broker Non Votes Nancy Howell Agee 5,921,148 136,068 1,584,731 Jacqueline L. Archer 6,003,965 53,251 1,584,731 Robert B. Johnston 3,846,573 2,210,643 1,584,731 J. Allen Layman 5,857,605 199,611 1,584,731
View on SEC.gov
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