ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;


           APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
           OFFICERS.

On May 26, 2021 the Board of Directors of RGC Resources, Inc. (the "Company") approved an increase in the annual salary of Lawrence T. Oliver, Interim CFO, Corporate Secretary and Treasurer, from $184,000 to $200,000, effective June 1, 2021. As a result of the increase in salary, Mr. Oliver's incentive compensation under the Compensation Committee's Performance Incentive Plan was revised as follows:




Name                Type           Metric             Threshold       Target      Maximum

Lawrence T. Oliver Cash Performance Achievements $ - $ 50,000 $ 80,000


                   Equity         Earnings                     -       50,000       90,000

ITEM 9.01. FINANCIAL STATEMENT AND EXHIBITS





(d) Exhibits.
104           Cover Page Interactive Data File (embedded within the Inline XBRL document)

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