---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011384"
form_type: "8-K"
ticker: "RGCO"
cik: "0001069533"
company_name: "RGC RESOURCES INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:02:03.606884+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# RGC Resources enters CIC agreements with five executives, effective May 1, 2023

## Summary
- 5 officers (CEO, CFO, COO, SVP, VP-HR) get 2x avg annualized cash severance if terminated within 90 days prior or 24 months after a Change in Control.
- Equity vesting accelerated upon a Change in Control; benefits continuation for up to 24 months post-termination.
- Agreements replace prior CIC contracts expiring April 30, 2023; term runs to May 1, 2026 if no CIC occurs.
- Board also approved minor technical and administrative amendments to Code of Ethics (Exhibit 14.1).

## SEC filing metadata
- accession: 0001437749-23-011384
- form_type: 8-K
- ticker: RGCO
- cik: 0001069533
- company_name: RGC RESOURCES INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 5.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069533/000143774923011384/0001437749-23-011384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069533/000143774923011384/rgco20230424_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011384
- JSON: https://secwatch.observer/filing/0001437749-23-011384.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011384.txt

## Key facts
- Governance Changes
  RGC RESOURCES INC: The Board approved minor technical and administrative revisions to the Company's Code of Ethics (effective 2023-04-24).
  - Change: code of ethics
  - Effective: 2023-04-24
  source text: At its meeting on April 24, 2023, the Board of Directors of RGC Resources, Inc. approved minor technical and administrative revisions to the Company's Code of Ethics.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774923011384/0001437749-23-011384-index.htm

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