Artesian Resources Corp 8-K, filed Jan 18, 2022
Artesian Resources Corp (ARTNA)
8-K
2022-01-18
For: 2022-01-14
View Original
Added on
April 06, 2026
About this 8-K
Artesian Resources Corp filed this 8-K on January 18, 2022, reporting on events of January 14, 2022.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 14, 2022
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
(Address of principal executive offices, including zip code)
(302 ) 453-6900
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act
of 1934 (§240.12b-2 of this chapter):
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On January 14, 2022, Artesian Wastewater Management, Inc. (“Artesian
Wastewater”), a wholly-owned subsidiary of Artesian Resources Corporation (“Artesian Resources”), completed its previously announced agreement (the “Agreement”) to acquire Tidewater Environmental Services, Inc. (“TESI”), a wholly-owned subsidiary
of Middlesex Water Company (“Middlesex”) that provides regulated wastewater services in Delaware. Artesian Wastewater purchased all of the stock of TESI from Middlesex for $6.4 million in cash and other consideration, including, forgiveness of a
$2.1 million intercompany note due from Middlesex. TESI currently serves approximately 3,600 retail customers in Sussex County, Delaware. The Delaware Public
Service Commission approved this transaction with TESI on October 27, 2021.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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104
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Cover Page Interactive Data File, formatted in Inline XBRL
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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ARTESIAN RESOURCES CORPORATION
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Date: January 18, 2022
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By: /s/ David B. Spacht
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David B. Spacht
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Chief Financial Officer
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