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 Officers

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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On August 27, 2018, Elizabeth Amato was elected to serve on the Board of Directors (the “Board”) of Aqua America, Inc. (the “Company”) effective immediately.

Ms. Amato is a human resources executive with over twenty years of leadership experience. She has been Executive Vice President and Chief Human Resources Officer of United Technologies Corp. (“UTC”) since November 2015. Prior to that, she was Senior Vice President, Human Resources and Organization of UTC from August 2012 to November 2015, with global responsibility for UTC’s Human Resources and Communications functions. Ms. Amato joined UTC in 1985 at Pratt & Whitney and has held a variety of the most senior human resources leadership positions across the corporation in both aerospace and commercial building systems, including UTC Climate, Controls & Security (2011-2012), Carrier (2010-2011), Pratt & Whitney (2006-2009) and Sikorsky (1997-2006).

Ms. Amato is a recipient of the YWCA Women Achievers Award, is currently a member of the National Academy of Human Resources CHRO Board Academy, and is a member of the Board of Directors for Children’s Healthcare Charity, Inc. Ms. Amato holds a bachelor’s degree in political science from Davidson College and a law degree from the University of Connecticut.

The Board has determined that Ms. Amato is independent in accordance with the Company’s corporate governance guidelines and applicable New York Stock Exchange and Securities Exchange Commission (“SEC”) requirements. There are no arrangements or understandings between Ms. Amato and any other person to which she was selected as a director. Ms. Amato has not been a party to any transaction involving the Company required to be disclosed under Item 404(a) of Regulation S-K.

Ms. Amato will receive compensation for her service as director consistent with the Company’s compensation program for non-employee directors which became effective January 1, 2018 as described under the caption “Director Compensation” in the Company’s proxy statement filed with the SEC on March 29, 2018.

Ms. Amato has been appointed to the Executive Compensation Committee and the Corporate Governance Committee of the Board.


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.

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