secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN STATES WATER CO (AWR)
CIK:        0001056903
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001628280-24-013809
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AWR adopts 2024 Short-Term Incentive Program; CEO target bonus 100% of base salary
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- Compensation Committee approved 2024 STIP for CEO Robert Sprowls (100%), CFO Eva Tang (38.2%), and other executives.
- Bonus composed of 80% objective (based on performance targets) and 20% discretionary component.
- Performance metrics include Adjusted EPS (consolidated, regulated utilities, ASUS), capital expenditures, customer complaints, and safety.
- Exhibits 10.1 and 10.2 filed with detailed program terms and award agreement form.
- Program covers 2024 calendar year; payouts subject to recoupment policy and SOX compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056903/000162828024013809/0001628280-24-013809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056903/000162828024013809/awr-20240327.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-013809

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