ISELIN, N.J., May 24, 2017 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services held its Annual Meeting on May 23, 2017 at which shareholders re-elected director John R. Middleton, M.D., to a one-year term and directors James F. Cosgrove Jr., P. E. and Jeffries Shein each to three-year terms. Shareholders also approved a non-binding advisory resolution approving the compensation of the Company’s named executive officers, approved a one-year frequency for the non-binding vote approving named executive officer compensation and voted to ratify the Audit Committee’s selection of Baker Tilly Virchow Krause, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017.
During the meeting, officers discussed the company’s 2016 financial results, customer growth, as well as operational plans under its Water for Tomorrow® capital campaign in New Jersey. Planned projects include construction of a large supplementary transmission main, conversion to ozone treatment, water meter relocations, booster station upgrades, additional elevated storage needs – all designed to enhance service reliability, resiliency and water quality both now and in the future. Management’s presentation at the Annual Meeting of Shareholders is available in the Investor Relations section of the company’s website www.middlesexwater.com under News & Market Data/Presentations and Interviews.
About Middlesex Water Company
Organized in 1897, Middlesex Water provides regulated and unregulated water and wastewater utility services in New Jersey, Delaware and Pennsylvania through various subsidiary companies. For additional information regarding Middlesex Water Company, visit the Company's Web site at www.middlesexwater.com or call (732) 634-1500.
This release contains forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, our long-term strategy and expectations, the status of our acquisition program, the impact of our acquisitions, the impact of current and projected rate requests and the impact of our capital program on our environmental compliance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives and other factors discussed in our filings with the Securities and Exchange Commission.