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|8-KJan 28, 5:10 PM ET

RGC RESOURCES INC 8-K

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RGC Resources Inc. Reports Annual Meeting Results; Board Names CEO

What Happened

  • RGC Resources, Inc. filed an 8-K on Jan. 28, 2026 reporting results from its Annual Meeting held Jan. 26, 2026. Shareholders elected three Class B directors, ratified Deloitte & Touche LLP as independent auditors for fiscal 2026, approved an additional 50,000 common shares for the Stock Bonus Plan, and passed a non-binding advisory vote on executive compensation.
  • At the board meeting following the annual meeting, the Board elected John B. Williamson III as Chairman and Paul W. Nester as President and CEO of RGC Resources. Several senior officer appointments were also confirmed for RGC Resources and its subsidiary Roanoke Gas Company.

Key Details

  • Director elections (votes For / Withheld): Jacqueline L. Archer 7,182,935 / 75,874; Frank Russell Ellett 7,199,997 / 58,812; Robert B. Johnston 6,968,792 / 290,017.
  • Auditor ratification: Deloitte & Touche LLP—For 8,534,492; Against 19,687; Abstaining 4,213.
  • Stock Bonus Plan: approved 50,000 additional common shares—For 7,100,740; Against 125,436; Abstaining 32,633.
  • Advisory vote on executive compensation: For 7,119,486; Against 98,873; Abstaining 40,450.
  • Board resolutions unanimously thanked retiring directors Nancy Howell Agee and J. Allen Layman.
  • Senior officer appointments: Timothy J. Mulvaney (VP, Treasurer & CFO), Lawrence T. Oliver (Sr. VP, Regulatory & External Affairs; Secretary), C. Brooke Miles (VP, Human Resources & Community Engagement). For Roanoke Gas Co., Thomas P. Furcron was named VP, Operations.

Why It Matters

  • The meeting confirmed leadership and governance continuity (director re-elections and auditor ratification) and approved additional shares for the Stock Bonus Plan, which could be used for employee or executive compensation and retention. Naming Paul W. Nester as President & CEO and John B. Williamson III as Chairman signals formal leadership transitions that investors should note for corporate strategy and executive oversight going forward. The advisory "say-on-pay" vote passed, indicating shareholder support for the company's executive compensation approach.