secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN STATES WATER CO (AWR)
CIK:        0001056903
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001628280-23-010194
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056903/000162828023010194/0001628280-23-010194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056903/000162828023010194/awr-20230328.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-010194

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