Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

RGC RESOURCES, INC.

(RGCO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

RGC RESOURCES INC : Change in Directors or Principal Officers (form 8-K)

04/09/2021 | 04:44pm EDT

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

          APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
          OFFICERS.



Effective April 6, 2021, Mr. Randall P. Burton, II, the Company's Vice President, Secretary, Treasurer and Chief Financial Officer, announced his departure from the Company and its subsidiaries to pursue other opportunities. Mr. Burton will be entitled to receive the amounts payable to him pursuant to the terms of an Officer Severance Agreement, including compensation and benefits through September 30, 2021, immediate vesting of restricted common stock, cash payment equal to one-half of his target annual cash bonus and his Company vehicle.

Lawrence T. Oliver will serve as Vice President, Interim Chief Financial Officer, Corporate Secretary and Treasurer of both RGC Resources, Inc. and Roanoke Gas Company, the Company's largest subsidiary, effective immediately. Mr. Oliver previously served as Roanoke Gas Company's Vice President of Regulatory Affairs and Strategy after joining the Roanoke Gas Company management team in 2018. He also served as RGC Resources, Inc.'s Assistant Corporate Secretary and Assistant Treasurer since February 2020. Mr. Oliver's compensation remains unchanged at this time.

In addition to his current roles, Vice President and Chief Information Officer Robert L. Wells, II, will serve as Assistant Corporate Secretary and Assistant Treasurer of both RGC Resources, Inc. and Roanoke Gas Company, effective immediately. Mr. Wells has been a member of the Company's management team since 2005.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

All news about RGC RESOURCES, INC.
05/05RGC RESOURCES  : Schedules Second Quarter 2021 Earnings Call
AQ
04/30North Carolina again denies permit for Mountain Valley gas pipe extension
RE
04/26RGC Resources, Inc. Declares Quarterly Dividend
GL
04/09RGC RESOURCES INC  : Change in Directors or Principal Officers (form 8-K)
AQ
03/31RGC RESOURCES INC  : Entry into a Material Definitive Agreement, Creation of a D..
AQ
02/23RGC RESOURCES INC  : Entry into a Material Definitive Agreement, Creation of a D..
AQ
02/12RGC RESOURCES  : sees Mountain Valley gas pipeline completion by end 2021 -CEO
RE
02/12RGC RESOURCES INC  : Regulation FD Disclosure, Financial Statements and Exhibits..
AQ
02/11RGC RESOURCES  : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND..
AQ
02/10RGC RESOURCES INC  : Results of Operations and Financial Condition, Other Events..
AQ
More news