secwatch.observer — SEC 8-K summary
======================================

Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001437749-24-002959
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGC Resources appoints Timothy Mulvaney CFO; Board elects Williamson Chairman, Nester President/CEO
--------------------------------------------------------------------------------

- Timothy J. Mulvaney appointed VP, CFO and Treasurer effective Feb 1, 2024; base salary $250,000, target bonus 60%.
- Mulvaney awarded 3,000 restricted shares at $19.18, vesting ratably over three years.
- Change in Control Agreement provides severance of 2x average annualized cash if terminated within 24 months post-change of control.
- Shareholders re-elected T. Joe Crawford, Maryellen F. Goodlatte, Paul W. Nester as directors; say-on-pay vote: 6,497,252 for.
- Board elected John B. Williamson III as Chairman and Paul W. Nester as President/CEO; other senior officers named for RGC Resources and Roanoke Gas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774924002959/0001437749-24-002959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774924002959/rgco20240130c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002959

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