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8-K

California Water Service Group (CWT)

8-K 2023-07-18 For: 2023-07-17
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Added on April 08, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13or 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 17, 2023

CALIFORNIA WATER SERVICE GROUP

(Exact name of Registrant as Specified in its Charter)

Delaware<br><br>(State or other jurisdiction<br> of incorporation) 1-13883<br><br>(Commission file number) 77-0448994<br><br>(I.R.S. Employer<br> Identification Number)
1720 North First Street<br>San Jose, California<br><br>(Address of principal executive offices) 95112<br><br>(Zip Code)
--- ---

(408) 367-8200

(Registrant’s telephone number, including area code)

N/A

(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:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act<br>(17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act<br>(17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Shares, par value $0.01 CWT New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined by 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 7.01. Regulation FD Disclosure.

On July 18, 2023, California Water Service Group issued the press release attached as Exhibit 99.1 to this current report and incorporated by reference herein.

The information and exhibit furnished pursuant to Item 7.01 of this Current Report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

We hereby furnish the following exhibits, which shall not be deemed “filed,” with this report:

Exhibit No. Description
99.1 Press Release issued July 18, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

CALIFORNIA WATER SERVICE GROUP
Date: July 18, 2023 By: /s/ David B. Healey
Name: David B. Healey
Title: Vice President, Chief Financial Officer & Treasurer

Exhibit 99.1

14519 Peacock Hill NW, Gig Harbor, WA 98332

July 18, 2023

Contact: Yvonne Kingman, (310) 257-1434

For Immediate Release


Washington Water Service AcquiresStroh’s Water Company

GIG HARBOR, Wash.—Washington Water Service (Washington Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), yesterday completed the acquisition of Stroh’s Water Company’s (Stroh’s Water) water system assets. The closing follows approval by the Washington Utilities and Transportation Commission (WUTC) in October 2022.

Washington Water has served Stroh’s Water’s 900 customer connections since March 2021 through an operation and maintenance agreement, and has supported the utility on an emergency basis for more than 20 years. Washington Water plans to connect Stroh’s system with its surrounding Gig Harbor systems in the future to improve water service reliability to both Stroh’s Water and existing Washington Water customers.

“We are glad to have worked with the Stroh’s Water family over the past few decades, and are pleased to officially welcome their customers to Washington Water,” said Martin A. Kropelnicki, Group President and Chief Executive Officer. “We look forward to continuing to provide them with high-quality water and excellent service for decades to come.”

About Washington Water Serviceand California Water Service Group


Washington Water Service provides high-quality, reliable water utility service to 38,600 customer connections in Clallam, Jefferson, Kitsap, Mason, Pierce, King, San Juan, and Thurston counties, as well as wastewater service on Orcas Island. It is a subsidiary of California Water Service Group (NYSE: CWT), the largest regulated water utility in the western United States. In total, Group serves more than 2 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, and its utility holding company, Texas Water Service.

What sets Washington Water and Group apart is their commitment to enhancing the quality of life for their customers, communities, employees, and stockholders. Guided daily by their promise to provide quality, service, and value, the company’s employees lead the way in working to protect the planet, care for people, and operate with the utmost integrity. Integral to their strategy is investing responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being.  The company has been named one of “America’s Most Responsible Companies” and “America’s Most Trustworthy Companies” by Newsweek and a Great Place to Work^®^.  More information is available at www.wawater.com and www.calwatergroup.com.

Thisnews release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995("Act"). The forward-looking statements are intended to qualify under provisions of the federal securities laws for "safeharbor" treatment established by the Act. Forward-looking statements in this news release are based on currently available information,expectations, estimates, assumptions and projections, and management's beliefs, assumptions, judgments, and expectations about Groupand its subsidiaries, the water utility industry and general economic conditions. These statements are not statements of historical fact.When used in our document, statements that are not historical in nature, including words like promise, commitment, strategy, would, expects,intends, plans, believes, may, could, estimates, assumes, anticipates, projects, predicts, forecasts, targets, seeks, should, or variationsof such words or similar expressions are intended to identify forward-looking statements. The forward-looking statements are not guaranteesof future performance. They are based on numerous assumptions that Group believes are reasonable but are subject to uncertainty and changesin circumstances. Actual results may vary materially from what is contained in a forward-looking statement. Factors that may cause actualresults to be different than those expected or anticipated include, but are not limited to: ability to integrate the business and operatethe Stroh’s Water**system in an effective andaccretive manner; natural disasters, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the outbreakof coronavirus (or COVID-19); governmental and regulatory commissions' decisions, including decisions on proper disposition of property;consequences of eminent domain actions relating to our water systems; changes in regulatory commissions' policies and procedures; thetimeliness of regulatory commissions' actions concerning rate relief and other actions; changes in water quality standards; changes inenvironmental compliance and water quality requirements; electric power interruptions; housing and customer growth trends; the impactof opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenanceor security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigatephysical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately;labor relations matters as we negotiate with unions; changes in customer water use patterns and the effects of conservation; the impactof weather, climate, natural disasters, and diseases on water quality, water availability, water sales and operating results, and theadequacy of our emergency preparedness; and other risks and unforeseen events. When considering forward-looking statements, you shouldkeep in mind the cautionary statements included in this paragraph, as well as the Annual 10-K, Quarterly 10-Q, and other reports filed byGroup from time-to-time with the Securities and Exchange Commission (SEC). Group is under no obligation, and assumes noobligation, to provide public updates of forward-looking statements, whether as a result of new information, future events, or otherwise.

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