Item 5.02: Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(d) On May 19, 2020, the Board of Directors (the "Board") of SJW Group (the
"Company") appointed Carl Guardino as a member of the Board, effective
immediately. The Board also appointed Mr. Guardino to the Sustainability
Committee of the Board and he was also appointed to serve on the Board of
Directors of San Jose Water Company, a wholly owned subsidiary of the Company.
Mr. Guardino is President and Chief Executive Officer of the Silicon Valley
Leadership Group ("SVLG"), a non-profit public policy trade association that
represents more than 350 Silicon Valley employers. He has been serving as the
President and Chief Executive Officers of SVLG since 1997 and served as Vice
President from 1991 and 1995. Since 2002, he has also served as Executive
Director of Silicon Valley Leadership Group Foundation ("SVLG Foundation"), a
nonprofit organization. Mr. Guardino has announced his retirement from SVLG and
SVLG Foundation, effective upon the hiring of his successor. In 2007, the
Governor of California appointed Mr. Guardino as a Commissioner of the
California Transportation Commission, and he is currently serving his fourth
term. He also held an executive position in governmental affairs with
Hewlett-Packard Corporation from 1995 to 1997. From 1987 to 1990, he served as
Chief Assistant for California State Assemblyman Rusty Areias. Mr. Guardino
received a Bachelor of Arts in political science from San Jose State University
where he is a Distinguished Alumnus.
Mr. Guardino will participate in the non-employee director compensation program
of the Company and its subsidiaries, as more fully described under the heading
"Compensation of Directors" in the Company's definitive proxy statement filed
with the Securities and Exchange Commission on March 10, 2020. In addition, the
Company entered into a director and officer indemnification agreement with Mr.
Guardino, in the form filed as Exhibit 10.62 of the Company's Form 10-K filed
with the Securities and Exchange Commission on March 2, 2020.
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