0001157523-14-004855.txt : 20141222 0001157523-14-004855.hdr.sgml : 20141222 20141222080045 ACCESSION NUMBER: 0001157523-14-004855 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141217 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141222 DATE AS OF CHANGE: 20141222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN STATES WATER CO CENTRAL INDEX KEY: 0001056903 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 954676679 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14431 FILM NUMBER: 141301605 BUSINESS ADDRESS: STREET 1: 630 E FOOTHILL BLVD CITY: SAN DIMAS STATE: CA ZIP: 91773-9016 BUSINESS PHONE: 9093943600 MAIL ADDRESS: STREET 1: 630 E FOOTHILL CITY: SAN DIMAS STATE: CA ZIP: 91773-9016 8-K 1 a51007781.htm AMERICAN STATES WATER COMPANY 8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


Form 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 17, 2014


AMERICAN STATES WATER COMPANY
(Exact name of registrant as specified in its charter)

California

001-14431

95-4676679

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification

No.)

 

630 East Foothill Blvd.

San Dimas, California

 

 

91773

(Address of principal executive

offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (909) 394-3600


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Section 5 - Corporate Governance and Management

Item 5.02.

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

On December 17, 2014 the Board of Directors of American States Utility Services, Inc. (“ASUS”) promoted James C. Cotton to Senior Vice President and Procurement Officer of ASUS effective December 18, 2014.  ASUS is a wholly-owned subsidiary of American States Water Company (“AWR” or “the Company”).  The Board of Directors of ASUS has delegated to Mr. Cotton many of the duties of Mr. McClellan Harris who retired as Senior Vice President and Assistant Secretary of ASUS on November 21, 2014.  

Mr. Cotton has served as Vice President of Contracts for ASUS since November 2012.  Mr. Cotton joined ASUS in June 2008 as Director of Contracts.  He is 41 years old.

In his new position, Mr. Cotton’s base salary will be increased to $260,000 per year.  He will also be entitled to an increase in the target value of his long-term incentive compensation to be awarded in 2015.  The target value will be increased to $120,000 with the number of shares and the conditions attached to such awards to be determined at the time that awards are made to all executive officers of AWR and its subsidiaries in 2015 pursuant to AWR’s 2008 Stock Incentive Plan. In addition, Mr. Cotton will be entitled to an increase in the target value of the short-term incentive compensation to be awarded for 2015.  The target value will be increased to 35 percent of Mr. Cotton’s new base salary, or $91,000 based on his $260,000 base salary, with the conditions attached to the award to be determined at the time that awards are made to all executive officers of AWR and its subsidiaries for 2015 pursuant to the AWR Performance Incentive Plan.           

There is no arrangement or understanding between Mr. Cotton and any other person pursuant to which he was appointed as Senior Vice President and Procurement Officer of ASUS. There is no family relationship between Mr. Cotton and any other executive officer, employee or director of the Company or any of its subsidiaries.  There has been no transaction since January 1, 2014, or any currently proposed transaction, involving the Company or any of its subsidiaries in which Mr. Cotton has a material interest or any other business relationship or transaction between the Company or any of its subsidiaries and Mr. Cotton involving an amount exceeding $120,000.  

A copy of the Company’s press release is attached hereto as Exhibit 99.1.   This Form 8-K and the attached exhibit are furnished to, but not filed with, the Securities and Exchange Commission.

Section 9 - Financial Statements and Exhibits

Item 9.01.

Financial Statements and Exhibits.

 

Exhibit 99.1

Press Release dated December 22, 2014 in which American States Water Company Announces Promotion of James C. Cotton to Senior Vice President of ASUS


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMERICAN STATES WATER COMPANY

 

Date:

December 22, 2014

/s/ Eva G. Tang

Eva G. Tang

Senior Vice President – Finance, Chief Financial

Officer, Treasurer  & Corporate Secretary

EX-99.1 2 a51007781ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

American States Water Company Announces Promotion of James C. Cotton to Senior Vice President of ASUS

SAN DIMAS, Calif.--(BUSINESS WIRE)--December 22, 2014--American States Water Company (NYSE:AWR) announces the promotion of James C. Cotton to Senior Vice President and Procurement Officer of American States Utility Services, Inc. (“ASUS”) effective December 18, 2014. ASUS is a wholly-owned subsidiary of AWR providing operations, maintenance and construction management services for water and wastewater systems located on military bases throughout the country through 50-year privatization contracts with the U.S. government. The Board of Directors of ASUS has delegated to Mr. Cotton the duties of Mr. McClellan Harris who retired as Senior Vice President and Assistant Secretary of ASUS on November 21, 2014.

Mr. Cotton joined ASUS in June 2008 as Director of Contracts. He was promoted to Vice President of Contracts in November 2012. Prior to joining ASUS, he had a 15 year career with the U.S. Department of Defense including service as (i) Deputy Commander, Defense Energy Support Center – Europe (Europe, Africa, Northern Iraq) in direct support of Iraqi Operations and the Global War on Terror, (ii) Deputy Director of Bulk Supplier Operations, Petroleum and Energy (U.S., Europe, Middle East and Africa), (iii) Director of Iraqi Operations (Baghdad) in direct support of Operation Iraqi Freedom, and (iv) Director of Utilities Privatization.

Commenting on the announcement, Robert J. Sprowls, President and Chief Executive Officer of both AWR and ASUS, said, “We are pleased to have Jim assume this key role at ASUS and help us continue to grow the contracted services business. He has many years of valuable experience in the business along with highly-relevant experience with the U.S. Department of Defense. I am confident that he will be very effective as our new Senior Vice President at ASUS and continue our commitment to serve our troops through operating, maintaining and constructing water and wastewater systems on military bases throughout the country.”

American States Water Company is the parent of Golden State Water Company and American States Utility Services, Inc. Through its utility subsidiary, Golden State Water Company, AWR provides water service to approximately 257,000 customers located within 75 communities throughout 10 counties in Northern, Coastal and Southern California. The Company also distributes electricity to approximately 24,000 customers in the City of Big Bear and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the Company provides operations, maintenance and construction management services for water and wastewater systems located on military bases throughout the country through 50-year privatization contracts with the U.S. government.

CONTACT:
American States Water Company
Eva G. Tang
Senior Vice President, Chief Financial Officer,
Treasurer and Corporate Secretary
(909) 394-3600, extension 707