Global Water Resources Reports Results of Director Election
May 06, 2022 at 04:15 pm EDT
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PHOENIX, May 06, 2022 (GLOBE NEWSWIRE) -- Global Water Resources Inc., ("the Company"), (NASDAQ: GWRS), (TSX: GWR), announced that the nominees listed in the Proxy Statement, dated March 25, 2022, for the 2022 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company. As of the March 17, 2022 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 22,649,242 shares of common stock were outstanding and eligible to vote. A total of 19,142,522 shares were voted in person or by proxy at the meeting. The results of the vote for the election of the Directors at the Meeting were as follows:
Votes For
% of Total Shares Voted
Votes Withheld
% of Total Shares Voted
Broker Non-Votes
% of Total Shares Voted
Ron L. Fleming
18,092,073
94.51%
133,161
0.70%
917,288
4.79%
Richard M. Alexander
15,907,400
83.10%
2,317,834
12.11%
917,288
4.79%
Debra G. Coy
15,992,692
83.55%
2,232,542
11.66%
917,288
4.79%
Brett Huckelbridge
17,723,546
92.59%
501,688
2.62%
917,288
4.79%
David Rousseau
16,067,265
83.93%
2,157,969
11.27%
917,288
4.79%
Jonathan L. Levine
17,892,907
93.47%
332,327
1.74%
917,288
4.79%
Andrew M. Cohn
17,851,510
93.26%
373,724
1.95%
917,288
4.79%
At the Meeting, the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022 was ratified. The results of the vote were as follows:
Votes For
% of Total Shares Voted
Votes Against
% of Total Shares Voted
Abstentions
% of Total Shares Voted
Broker Non-Votes
% of Total Shares Voted
19,100,478
99.78%
27,506
0.14%
14,538
0.08%
—
—%
In addition, the compensation of the Company's named executive officers on an advisory basis was approved. The results of the vote were as follows:
Votes For
% of Total Shares Voted
Votes Against
% of Total Shares Voted
Abstentions
% of Total Shares Voted
Broker Non-Votes
% of Total Shares Voted
14,631,386
76.43%
3,271,365
17.09%
322,483
1.68%
917,288
—%
Finally, the compensation of the Company's named executive officers on an advisory basis was approved. The results of the vote were as follows:
Votes For
% of Total Shares Voted
Votes Against
% of Total Shares Voted
Abstentions
% of Total Shares Voted
Broker Non-Votes
% of Total Shares Voted
18,041,719
98.99%
9,716
0.05%
159,202
0.87%
14,597
—%
About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 25 systems which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually.
The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater, and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth. To learn more, visit www.gwresources.com.
Company Contact: Michael J. Liebman CFO and SVP Tel (480) 999-5104 mike.liebman@gwresources.com
Investor Relations: Ron Both or Justin Lumley CMA Investor Relations Tel (949) 432-7566 GWRS@cma.team
Media & ESG Contact: Tim Randall CMA Tel (949) 432-7572 GWRS@cma.team
Global Water Resources, Inc. is a water resource management company. It owns, operates, and manages 29 water, wastewater, and recycled water systems in strategically located communities, principally in metropolitan Phoenix and Tucson, Arizona. It seeks to deploy an integrated approach, referred to as Total Water Management. Total Water Management is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies, in a manner that ensures sustainability and communities both environmentally and economically. It treats water to potable standards and also treats, cleans, and recycles wastewater for a variety of non-potable uses. Its water supplies are derived from groundwater. It serves more than 82,000 people in over 32,000 homes within its 408 square miles of certificated service areas. It provides water and wastewater utility services under the regulatory authority of the Arizona Corporation Commission.
GLOBAL WATER RESOURCES, INC. 
