Form 8-K - Current report
May 15 2024 - 5:21PM
Edgar (US Regulatory)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): May 9, 2024
GLOBAL WATER RESOURCES, INC.
(Exact name of registrant as specified in its charter)
| | | | | | | | | | | | | | | | | |
Delaware | | 001-37756 | | 90-0632193 |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | | | |
21410 N. 19th Avenue #220 | | | | |
Phoenix, | Arizona | | | | 85027 |
(Address of principal executive offices) | | | | (Zip Code) |
Registrant’s telephone number, including area code: (480) 360-7775
Not Applicable
(Former name or former address, if changed since last report)
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 240.14a-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)) |
Securities registered pursuant to Section 12(b) of the Act.
| | | | | | | | |
Title of each class | Trading Symbol | Name of each exchange on which registered |
Common Stock, par value $0.01 per share | GWRS | The NASDAQ Stock Market, LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 9, 2024, the stockholders of Global Water Resources, Inc. (the “Company”) approved an amendment (the “Plan Amendment”) to the Global Water Resources, Inc. 2020 Omnibus Incentive Plan (as amended, the “Plan”) to increase the total number of authorized shares of the Company’s common stock, par value $0.01 per share, available for grant thereunder by 967,010 shares.
The material terms of the Plan Amendment were described in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission (“SEC”) on March 26, 2024 (the “Proxy Statement”) under the caption “Proposal Four – Approval of the First Amendment to the Global Water Resources, Inc. 2020 Omnibus Incentive Plan,” which description is incorporated herein by reference.
The descriptions of the Plan Amendment contained herein and in the Proxy Statement do not purport to be complete and are qualified in their entirety by reference to the full text of the Plan Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference in its entirety.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| | | | | |
Exhibit No. |
Description |
10.1 | |
104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
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.
| | | | | | | | |
| | GLOBAL WATER RESOURCES, INC. |
| |
Date: May 15, 2024 | | /s/ Michael J. Liebman |
| | Michael J. Liebman |
| | Chief Financial Officer |
| | |
FIRST AMENDMENT
TO THE
GLOBAL WATER RESOURCES, INC
2020 OMNIBUS INCENTIVE PLAN
Global Water Resources, Inc. (the “Company”) previously established the Global Water Resources, Inc. 2020 Omnibus Incentive Plan (the “Plan”). By the adoption of this First Amendment, the Company wishes to amend the Plan to increase the number of shares reserved and available for grant under the Plan from 1,170,000 to 2,137,010.
1. This First Amendment shall be effective as of the date it is approved by the Company’s stockholders at its 2024 annual meeting.
2. Section 5.1 (Available Shares) of the Plan is hereby amended and restated in its entirety to read as follows:
5.1 Available Shares. Subject to the adjustment provided in Section 5.2 (Share Counting; Lapsed Awards), the maximum number of shares of Stock reserved and available for grant under the Plan is 2,137,010, which number includes the number of shares of Stock that were authorized but unissued under the Global Water Resources, Inc. 2018 Stock Option Plan (875,000 shares as of July 30, 2019). The shares to be delivered under the Plan may consist, in whole or in part, of authorized but unissued Stock or shares purchased on the open market or treasury Stock not reserved for any other purpose.
3. This First Amendment amends only the provisions of the Plan as noted above, and those provisions not expressly amended shall be considered in full force and effect. Notwithstanding the foregoing, this First Amendment shall supersede the provisions of the Plan to the extent those provisions are inconsistent with the provisions and intent of this First Amendment.
IN WITNESS WHEREOF, Global Water Resources, Inc. has caused this First Amendment to be executed this 9th day of May, 2024.
GLOBAL WATER RESOURCES, INC.
By: /s/ Michael J. Liebman
Its: Chief Financial Officer
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Cover
|
May 15, 2024 |
Document Information [Line Items] |
|
Document Type |
8-K
|
Document Period End Date |
May 09, 2024
|
Entity Registrant Name |
GLOBAL WATER RESOURCES, INC.
|
Entity Incorporation, State or Country Code |
DE
|
Entity File Number |
001-37756
|
Entity Tax Identification Number |
90-0632193
|
Entity Address, Address Line One |
21410 N. 19th Avenue #220
|
Entity Address, Postal Zip Code |
85027
|
Entity Address, City or Town |
Phoenix,
|
Entity Address, State or Province |
AZ
|
City Area Code |
480
|
Local Phone Number |
360-7775
|
Title of 12(b) Security |
Common Stock, par value $0.01 per share
|
Trading Symbol |
GWRS
|
Security Exchange Name |
NASDAQ
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