Aqua America, Inc. (NYSE:WTR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
At its regularly scheduled meeting on August1, 2017, Nicholas DeBenedictis, Chairman of the Board of Directors of Aqua America, Inc. (the “Company”) and who was elected by the Company’s shareholders for a term expiring at the 2018 Annual Meeting of Shareholders, submitted his resignation from the Board of Directors as of his 72nd birthday in accordance with the Company’s Corporate Governance Guidelines. However, because of Mr.DeBenedictis’ long and valued service to the Company as an executive of the Company and a member of its Board of Directors, the Board of Directors requested, and Mr.DeBenedictis agreed, that Mr.DeBenedictis remain on the Board of Directors until at least the 2018 Annual Meeting of Shareholders.
About Aqua America, Inc. (NYSE:WTR)
Aqua America, Inc. is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc. Its market-based activities are conducted through Aqua Resources Inc. and Aqua Infrastructure, LLC. Aqua Resources Inc. provides water and wastewater service through operating and maintenance contracts with municipal authorities and other parties in close proximity to its utility companies’ service territories; offers, through a third party, water and wastewater line repair service and protection solutions to households; inspects, cleans and repairs storm and sanitary wastewater lines; designs and builds water and wastewater systems, and provides other market-based water and wastewater services. Its subsidiary, Aqua Infrastructure LLC, provides non-utility raw water supply services for firms in the natural gas drilling industry.