ARTESIAN RESOURCES CORP — fact timeline

ARTESIAN RESOURCES CORP reported the quarter ended March 31, 2026 results: revenue $27.8 million, net income $5.9 million, EPS $0.57.

“Diluted net income per share increased 7.5% to $0.57, compared to $0.53 for the same period in 2025. Net income for the three months ended March 31, 2026 was $5.9 million, a $0.5 million, or 9.2%, increase compared to net income recorded during the three months ended March 31, 2025. Revenues totaled $27.8 million for the three months ended March 31, 2026, $1.9 million, or 7.3%, more than revenues for the three months ended March 31, 2025.”

ARTESIAN RESOURCES CORP received a nasdaq deficiency notice notice regarding other (rules 5605(b)(1), 5605(c)(2), 5605(a)(2), 5605(c)(4)).

“May 30, 2025, Artesian Resources Corporation (the “Company”) received a written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is no longer in compliance with Nasdaq Marketplace Rule 5605(b)(1), which requires that a majority of the Company’s Board of Directors (the “Board”) be “independent directors” as defined in Nasdaq Marketplace Rule 5605(a)(2) (the “Majority Independent Board Requirement”) and Nasdaq Marketplace Rule 5605(c)(2), which requires the Company to have an audit committee composed of at least three “independent directors” as defi”

Dian C. Taylor retired as Chief Executive Officer and President at ARTESIAN RESOURCES CORP.

“Ms. Taylor retired from her employment with the Company and its affiliates as of February 22, 2025.”

Dian C. Taylor departed as Chief Executive Officer and President at ARTESIAN RESOURCES CORP.

“As of February 22, 2025, Dian C. Taylor is no longer serving as the Company’s Chief Executive Officer and President.”

Nicholle R. Taylor was appointed as Chief Executive Officer and President at ARTESIAN RESOURCES CORP.

“On February 22, 2025, the Board of Directors (the “Board”) of Artesian Resources Corporation (the “Company”) appointed Nicholle R. Taylor to serve as the Company’s Chief Executive Officer and President.”

Kenneth R. Biederman resigned as Director at ARTESIAN RESOURCES CORP.

“On February 4, 2025, Kenneth R. Biederman informed the board of directors (the “Board”) of Artesian Resources Corporation (the “Company”) of his decision to resign as a director of the Company, including from his positions as a member of the Audit Committee, the Budget and Finance Committee, the Compensation Committee, and the Governance and Nominating Committee of the Board, effective May 6, 2025”

Nicholle R. Taylor was appointed as Interim Chief Executive Officer, President and principal executive officer at ARTESIAN RESOURCES CORP.

“Effective as of January 3, 2025, the Company’s Board of Directors appointed Nicholle R. Taylor to serve as the Company’s interim Chief Executive Officer, President and principal executive officer until Dian C. Taylor’s leave ends.”

Dian C. Taylor departed as Chief Executive Officer and President at ARTESIAN RESOURCES CORP.

“On January 3, 2025, Dian C. Taylor, Chief Executive Officer, President and Chair of the Board of Directors ("Board") of Artesian Resources Corporation (the "Company"), began a paid leave from her positions as Chief Executive Officer and President.”

ARTESIAN RESOURCES CORP shareholders approved Election of Kenneth R. Biederman and Michael Houghton as directors for three-year terms at the 2024-05-07 meeting.

“Votes were cast as follows with respect to Mr. Biederman's and Mr. Houghton's election: Name of Nominee For Withheld Broker Non-Votes Kenneth R. Biederman 578,391 10,277 18,405 Michael Houghton 588,029 639 18,405”

ARTESIAN RESOURCES CORP reported financial results for first quarter of 2024.

“On May 6, 2024, Artesian Resources Corporation (“Artesian Resources” or the “Company”) issued a press release announcing its earnings for the first quarter ended March 31, 2024.”