NEW JERSEY RESOURCES CORPORATION (NYSE:NJR) 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.
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Jersey Resources Corporation (the Company) elected Thomas C.
OConnor as a director, effective May 9, 2017. Mr. OConnors term
as a director will expire at the Companys Annual Meeting of
Shareowners in January 2018. The committees of the Board to which
Mr. OConnor will be named have not been determined at this time.
receive cash and equity compensation consistent with the Companys
Non-Employee Director Compensation Plan, as amended, a
description of which can be found in Exhibit 10.1 of the Companys
Current Report on Form 8-K filed with the U.S. Securities and
Exchange Commission on November 18, 2016, and is incorporated
herein by reference. Other than this standard compensation
arrangement, there are no arrangements or understandings between
Mr. OConnor and any other person to which Mr. OConnor was elected
as a director.
would require disclosure under Item 404(a) of Regulation S-K.
election of Mr. OConnor is attached hereto as Exhibit 99.1 and is
incorporated by reference into Item 7.01 of this Current Report
on Form 8-K.
is being furnished and shall not be deemed filed for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that Section and shall
not be deemed to be incorporated by reference into any
registration statement or other document to the Securities Act of
1933, as amended.
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(d) Exhibits.
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Exhibit
Number
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Description
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10.1
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Summary of New Jersey Resources Corporation
Non-Employee Director Compensation (incorporated by reference to Exhibit 10.1 of the Companys Current Report on Form 8-K filed on November 18, 2016) |
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99.1
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Press Release dated March 13, 2017 (furnished, not
filed) |
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About NEW JERSEY RESOURCES CORPORATION (NYSE:NJR)
New Jersey Resources Corporation is an energy services holding company. The Company’s business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity and storage management operations. The Energy Services segment consists of unregulated wholesale energy operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities. The Home Services and Other operations consist of heating, cooling and water appliance sales and installations, among others. NEW JERSEY RESOURCES CORPORATION (NYSE:NJR) Recent Trading Information
NEW JERSEY RESOURCES CORPORATION (NYSE:NJR) closed its last trading session down -0.10 at 38.10 with 456,373 shares trading hands.