secwatch / observer

Global Water Resources, Inc. — fact timeline

Source-grounded facts extracted from Global Water Resources, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

GWRS Global Water Resources, Inc. JSON
Shareholder Votes

Global Water Resources, Inc. shareholders approved Advisory vote to approve the compensation of the Company's named executive officers at the 2026-05-14 meeting.

“Proposal Three — Advisory Vote to Approve The Compensation of the Company’s Named Executive Officers. Votes For Votes Against Abstentions Broker Non-Votes 19,038,451 777,639 41,873 5,000,191”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-05-14 meeting.

“Proposal Two — Ratification of Independent Registered Public Accounting Firm. Votes For Votes Against Abstentions Broker Non-Votes 24,784,691 48,943 24,520 0”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Election of seven directors, each to hold office for a term to expire at the 2027 Annual Meeting of Stockholders at the 2026-05-14 meeting.

“On May 14, 2026, Global Water Resources, Inc. (the “Company”) held its 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”). At the 2026 Annual Meeting, the Company’s stockholders (i) elected seven directors, each to hold office for a term to expire at the 2027 Annual Meeting of Stockholders, with each director to hold office until his or her successor is duly elected or until his or her earlier resignation or removal, (ii) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 and (iii) approved, on an advisory basis, the compensation of the Company's named executive officers.”
Earnings Releases

Global Water Resources, Inc. reported first quarter ended March 31, 2026 results: revenue $13.3 million, net income ($0.4 million) or ($0.01) per share, EPS ($0.01) per share.

“at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2026 Financial Highlights • Total revenue increased 6.7% year-over-year (“YoY”) to $13.3 million. The increase was primarily due to the acquisition of seven water systems from Tucson Water in July 2025, organic connection growth, increased consumption and higher rates. • Net”
Debt Financings

Global Water Resources, Inc. amended revolving credit of $20.0 million with The Northern Trust Company maturing May 18, 2028.

“with The Northern Trust Company, an Illinois banking corporation (“Northern Trust”), for a revolving line of credit that currently provides the Company up to a maximum of $20.0 million principal amount for borrowing. On April 30, 2026 , the Company and Northern Trust entered into the seventh amendment to the Loan Agreement (the “Seventh Modification Agreement”)”
Material Agreements

Global Water Resources, Inc. amended Seventh Modification Agreement with The Northern Trust Company (effective 2026-04-30).

“On April 30, 2026 , the Company and Northern Trust entered into the seventh amendment to the Loan Agreement (the “Seventh Modification Agreement”)”
Material Agreements

Global Water Resources, Inc. entered into Settlement Agreement with Residential Utility Consumer Office (RUCO) and the ACC Utilities Division (Staff) (effective 2026-04-28).

“On April 28, 2026, GW-Santa Cruz, GW-Palo Verde, RUCO, and the Staff entered into a settlement agreement (the “Settlement Agreement”)”
Earnings Releases

Global Water Resources, Inc. reported year ended December 31, 2025 results: revenue Total revenue increased 5.8% year-over-year to $55.8 million., net income Net income decreased to $3.0 million or $0.11 per share, a decrease of $2.8 million or 48.9% YoY., EPS $0.11 per share.

“The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Financial Highlights • Total revenue increased 5.8% year-over-year (“YoY”) to $55.8 million. The increase was primarily due to the recent acquisition of seven water systems from Tucson Water, organic connection growth, increased”
Material Agreements

Global Water Resources, Inc. entered into Credit Agreement with CoBANK, ACB valued at $15,000,000 (effective 2025-12-10).

“On December 10, 2025, Global Water Resources, Inc. (the “Company”) entered into a credit agreement (the “Credit Agreement”) with CoBANK, ACB, a federally-chartered instrumentality of the United States (“CoBANK”), and a related promissory note issued by the Company to CoBANK (the “Promissory Note” and together with the Credit Agreement, the “CoBANK Loan Agreements”), pursuant to which CoBANK provided the Company a term loan in the aggregate principal amount of $15,000,000 (the “Term Loan”) on the terms and subject to the conditions set forth in the CoBANK Loan Agreements.”
Debt Financings

Global Water Resources, Inc. incurred term loan of aggregate principal amount of $15,000,000 with CoBANK, ACB at fixed rate of 5.49% per annum maturing December 10, 2035.

“On December 10, 2025, Global Water Resources, Inc. (the “Company”) entered into a credit agreement (the “Credit Agreement”) with CoBANK, ACB, a federally-chartered instrumentality of the United States (“CoBANK”), and a related promissory note issued by the Company to CoBANK (the “Promissory Note” and together with the Credit Agreement, the “CoBANK Loan Agreements”), pursuant to which CoBANK provided the Company a term loan in the aggregate principal amount of $15,000,000 (the “Term Loan”) on the terms and subject to the conditions set forth in the CoBANK Loan Agreements.”
Equity Issuances

Global Water Resources, Inc. issued 1,270,572 shares of common stock to Levine Investments Limited Partnership and Andrew M. Cohn for $10.30 per share.

“Agreement, the Purchasers purchased the Shares at a purchase price (determined in accordance with Nasdaq rules relating to the “market value” of the Company’s common stock) of $10.30 per share, which was equal to the consolidated closing bid price reported by Nasdaq immediately preceding the time the Company entered into the Securities Purchase Agreement, for”
Debt Financings

Global Water Resources, Inc. amended revolving credit of $20.0 million with The Northern Trust Company maturing May 18, 2027.

“extend the scheduled maturity date from July 1, 2026 to May 18, 2027 and (ii) increase the maximum principal amount available for borrowing under the revolving line of credit from $15.0 million to $20.0 million”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Approval of the First Amendment to the Global Water Resources, Inc. 2020 Omnibus Incentive Plan at the 2024-05-09 meeting.

“Proposal Four — Approval of the First Amendment to the Global Water Resources, Inc. 2020 Omnibus Incentive Plan. Votes For Votes Against Abstentions Broker Non-Votes 19,469,455 165,291 24,440 1,022,850”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers at the 2024-05-09 meeting.

“Proposal Three — Advisory Vote to Approve The Compensation of the Company’s Named Executive Officers. Votes For Votes Against Abstentions Broker Non-Votes 19,397,303 237,548 24,335 1,022,850”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2024-05-09 meeting.

“Proposal Two — Ratification of Independent Registered Public Accounting Firm. Votes For Votes Against Abstentions Broker Non-Votes 20,623,352 41,712 16,972 0”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Election of Directors at the 2024-05-09 meeting.

“Proposal One — Election of Directors. Votes For Votes Withheld Broker Non-Votes Ron L. Fleming 19,450,399 208,787 1,022,850 Richard M. Alexander 18,756,037 903,149 1,022,850 Andrew M. Cohn 19,334,741 324,445 1,022,850 Debra G. Coy 17,714,292 1,944,894 1,022,850 Brett Huckelbridge 19,321,525 337,661 1,022,850 Jonathan L. Levine 19,347,311 311,875 1,022,850 David Rousseau 18,807,278 851,908 1,022,850”
Earnings Releases

Global Water Resources, Inc. reported the first quarter ended March 31, 2024 results: revenue total revenue decreased $1.5 million or 11.6% to $11.6 million, net income Net income was $0.7 million or $0.03 per share, EPS $0.03 per share.

“will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2024 Financial Highlights • Total revenue decreased $1.5 million or 11.6% to $11.6 million, primarily attributable to the recognition of $2.3 million in unregulated revenue related to infrastructure coordination and financing agreements”
Earnings Releases

Global Water Resources, Inc. reported the full year ended December 31, 2023 results: revenue $53.0 million, net income $8.0 million or $0.33 per share.

“Total revenue increased $8.3 million or 18.6% to $53.0 million for the full year, which included $2.8 million of unregulated revenues.”
Earnings Releases

Global Water Resources, Inc. reported the quarter ended December 31, 2023 results: revenue $12.4 million, net income $1.1 million, or $0.05 per share.

“call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Financial Highlights • Total revenue increased $1.3 million or 11.4% to $12.4 million in the fourth quarter of 2023 . Total revenue increased $8.3 million or 18.6% to $53.0 million for the full year, which included $2.8 million of unregulated revenues. • Net”
Debt Financings

Global Water Resources, Inc. incurred senior notes of $20,000,000 of 6.91% Senior Secured Notes with U.S. Bank Trust Company, National Association at 6.91% maturing January 3, 2034.

“2023, Global Water Resources, Inc. (the “Company”) entered into a note purchase agreement (the “Note Purchase Agreement”) for the issuance of an aggregate principal amount of $20,000,000 of 6.91% Senior Secured Notes due on January 3, 2034 (the “Notes”). Pursuant to the terms of the Note Purchase Agreement, the Company issued the Notes on January 3, 2024. In”
Material Agreements

Global Water Resources, Inc. entered into Pledge and Security Agreements with U.S. Bank Trust Company, National Association (effective 2024-01-03).

“on January 3, 2024, the Company and each Guarantor entered into a pledge and security agreement with U.S. Bank Trust Company, National Association, as collateral agent for the holder of the Notes, relating to the collateral securing the Notes (collectively, the "Pledge and Security Agreements").”
Earnings Releases

Global Water Resources, Inc. reported the third quarter ended September 30, 2023 results: revenue $14.5 million, net income $2.6 million, EPS $0.11 per share.

“call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q3 2023 Financial Highlights • Total revenue increased $2.6 million or 22.2% to $14.5 million, which included $0.5 million of unregulated revenues. Regulated revenue (excluding unregulated revenue) increased $2.1 million or 17.8%. • Net income increased $0.9 million or”
Material Agreements

Global Water Resources, Inc. amended Fourth Modification Agreement with The Northern Trust Company (effective 2023-10-26).

“On October 26, 2023, the Company and Northern Trust entered into the fourth amendment to the Loan Agreement (the “Fourth Modification Agreement”) to further amend the terms and conditions set forth in the Loan Agreement to, among other things, make certain conforming changes to reflect the issuance of the Notes and related matters.”
Material Agreements

Global Water Resources, Inc. entered into Note Purchase Agreement with Jackson National Life Insurance Company valued at $20,000,000 of 6.91% Senior Secured Notes (effective 2023-10-26).

“On October 26, 2023, Global Water Resources, Inc. (the “Company”) entered into a note purchase agreement (the “Note Purchase Agreement”) with Jackson National Life Insurance Company pursuant to which the Company will, subject to customary closing conditions, issue an aggregate principal amount of $20,000,000 of 6.91% Senior Secured Notes due on January 3, 2034 (the “Notes”).”
Earnings Releases

Global Water Resources, Inc. reported quarter ended June 30, 2023 results: revenue $13.0 million, net income $1.7 million, EPS $0.07 per share.

“at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q2 2023 Financial Highlights • Total revenue increased $1.3 million , or 11.0%, to $13.0 million. • Net income decreased $0.4 million, or 17.5%, to $1.7 million, or $0.07 per share. The primary reason for the decrease is the approximate $0.7 million in tax benefit”
Debt Financings

Global Water Resources, Inc. amended revolving credit of up to a maximum principal amount of $10.0 million with The Northern Trust Company maturing July 1, 2025.

“Agreement”) with The Northern Trust Company, an Illinois banking corporation (“Northern Trust”) , for a two-year revolving line of credit up to a maximum principal amount of $10.0 million. On April 30, 2021, the Company and Northern Trust entered into the first amendment to the Loan Agreement pursuant to which, among other things, the maturity date for the”
Material Agreements

Global Water Resources, Inc. entered into Third Modification Agreement with The Northern Trust Company valued at Extended maturity from July 1, 2024 to July 1, 2025 and added quarterly facility fee of 0.35% of ave (effective 2023-06-28).

“On June 28, 2023 , the Company and Northern Trust entered into the third amendment to the Loan Agreement (the “Third Modification Agreement”) to further amend the terms and conditions set forth in the amended Loan Agreement to, among other things, (i) extend the scheduled maturity date from July 1, 2024 to July 1, 2025 and (ii) add a quarterly facility fee equal to 0.35% of the average daily unused amount of the revolving line of credit.”
Material Agreements

Global Water Resources, Inc. entered into Securities Purchase Agreement with COELI SICAV I – CIRCULUS AMERICA SMALL CAP and Andrew M. Cohn (collectively, the “Purchasers”) valued at approximately $2.78 million (effective 2023-06-08).

“On June 8, 2023, Global Water Resources, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with COELI SICAV I – CIRCULUS AMERICA SMALL CAP and Andrew M. Cohn (collectively, the “Purchasers”) for the issuance and sale by the Company of an aggregate of 230,000 shares of the Company’s common stock (the “Shares”) to the Purchasers in an offering (the “Private Placement”) exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 promulgated thereunder. Each of the Purchasers is an “accredited investor” as defined in Rule 501(a) under the Securities Act. Mr. Cohn is also a member of the Company’s board of directors and is a party to that certain Standstill Agreement previously entered into with the Company on March 19, 2021, as described in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 24, 2021. Pursuant to”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers ("Say-on-Pay") at the 2023-05-03 meeting.

“Proposal Three — Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers ("Say-on-Pay"). Votes For Votes Against Abstentions Broker Non-Votes 18,997,149 819,350 25,401 1,199,948”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-05-03 meeting.

“Proposal Two — Ratification of Independent Registered Public Accounting Firm. Votes For Votes Against Abstentions Broker Non-Votes 20,974,629 49,387 17,832 0”
Shareholder Votes

Global Water Resources, Inc. shareholders approved Election of Directors at the 2023-05-03 meeting.

“Proposal One — Election of Directors. Votes For Votes Withheld Broker Non-Votes Ron L. Fleming 19,655,117 186,783 1,199,948 Richard M. Alexander 18,362,196 1,479,704 1,199,948 Debra G. Coy 17,898,616 1,943,284 1,199,948 Brett Huckelbridge 19,526,372 315,528 1,199,948 David Rousseau 18,520,689 1,321,211 1,199,948 Jonathan L. Levine 19,466,824 375,076 1,199,948 Andrew M. Cohn 19,465,216 376,684 1,199,948”
Earnings Releases

Global Water Resources, Inc. reported first quarter ended March 31, 2023 results: revenue $13.1 million, net income $2.5 million, EPS $0.10 per share.

“call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2023 Financial Highlights • Total revenue increased $3.1 million, or 30.9%, to $13.1 million, which included $2.3 million of unregulated revenues. • Net income increased $1.6 million, or 177.4%, to $2.5 million, or $0.10 per share. • Declared three monthly cash dividends”
Earnings Releases

Global Water Resources, Inc. reported financial results for the quarter ended December 31, 2022.

“On March 9, 2023, Global Water Resources, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended December 31, 2022.”

Christopher D. Krygier was appointed as Chief Operating Officer at Global Water Resources, Inc..

“On February 6, 2023, Global Water Resources, Inc. (the “Company”) appointed Christopher D. Krygier as the Company’s Chief Operating Officer, effective immediately.”
Earnings Releases

Global Water Resources, Inc. reported the third quarter ended September 30, 2022 results: revenue $11.9 million, net income $1.7 million, EPS $0.07 per share.

“• Regulated revenues increased $1.2 million, or 11.0%, to $11.9 million during the third quarter of 2022 with the growth driven primarily by an 8.0% increase in active service connections and an increase in rates effective August 1, 2022, due to Rate Decision No. 78644. For the first nine months of 2022, regulated revenues increased $2.8 million or 8.9% to $33.6 million, with the increase also corresponding to the greater number of active service connections and the increase in rates. • Net income increased $0.2 million or 12.6% to $1.7 million or $0.07 per share in the third quarter. In the first nine months, net income totaled $4.7 million or $0.20 per share, an increase of $1.4 million or 43.5% compared to the same year-ago period.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.