AMERICAN STATES WATER CO 8-K
Research Summary
AI-generated summary
American States Water Co. Approves 2026 Base Salaries for Executives
What Happened
American States Water Company (AWR) filed a Form 8-K reporting that the independent members of its Board, following the Compensation Committee's recommendation, approved base salaries for five senior officers on February 10, 2026. The action sets 2026 base pay for CEO Robert J. Sprowls and other key executives, and was disclosed in the 8-K filed February 13, 2026.
Key Details
- Approval date and process: Base salaries approved by independent directors on February 10, 2026, upon the Compensation Committee’s recommendation (Item 5.02(e) disclosure).
- Executive pay set (base salaries): Robert J. Sprowls (President & CEO) — $1,004,300; Eva G. Tang (SVP–Finance, CFO & Corporate Secretary/Treasurer) — $661,600; Paul J. Rowley (SVP–Regulated Water Utility) — $518,200; Christopher H. Connor (SVP–American States Utility Services) — $451,500; Gladys M. Farrow (Assistant Secretary/VP Finance) — $412,000.
- Filing date: Form 8‑K executed and filed February 13, 2026 (signed by Eva G. Tang).
Why It Matters
This disclosure gives investors concrete information about the company’s executive compensation for 2026, which affects governance transparency and personnel costs. While base salary changes can influence operating expenses, the filing does not describe bonuses, incentives, or other pay elements—those would affect total executive compensation and may be reported separately. The item confirms continuity of the current executive team and provides a clear benchmark for assessing future compensation-related disclosures.