---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-010194"
form_type: "8-K"
ticker: "AWR"
cik: "0001056903"
company_name: "AMERICAN STATES WATER CO"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T07:33:47.926972+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# American States Water approves 2023 executive bonus plan; CEO target 100% of base

## Summary
- CEO Robert J. Sprowls target aggregate bonus 100% of 2023 base salary; CFO Eva G. Tang 37.1%.
- Objective bonus (80% of target) tied to adjusted EPS, capex, safety, customer complaints; 20% discretionary based on subjective review.
- Performance metrics include AWR consolidated, regulated utilities, and ASUS adjusted EPS vs. operating budget.
- Bonuses subject to recoupment under company's clawback policy; forfeiture if employment ends before payment.
- Plan covers 2023 calendar year; payments by Dec 31, 2024; approved by Compensation Committee on Mar 28, 2023.

## SEC filing metadata
- accession: 0001628280-23-010194
- form_type: 8-K
- ticker: AWR
- cik: 0001056903
- company_name: AMERICAN STATES WATER CO
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056903/000162828023010194/0001628280-23-010194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056903/000162828023010194/awr-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-010194
- JSON: https://secwatch.observer/filing/0001628280-23-010194.json
- Plain text: https://secwatch.observer/filing/0001628280-23-010194.txt

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