8-K
New Jersey Resources Corp (NJR)
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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): December 23, 2022
NEW JERSEY RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
| New Jersey | 001-08359 | 22-2376465 |
|---|---|---|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 1415 Wyckoff Road<br><br> <br>Wall, New Jersey | 07719 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
(732) 938-1480
(Registrant’s telephone number, including area code)
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 (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (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<br><br> <br>registered |
|---|---|---|
| Common Stock - $2.50 par value | NJR | New York Stock Exchange |
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 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
|---|
Appointment of Principal Accounting Officer
On November 10, 2022, the Board of Directors (the “Board”) of New Jersey Resources Corporation (“NJR”), appointed Stephen Skrocki to serve as Principal Accounting Officer of the Company, effective January 1, 2023. Mr. Skrocki, age 47, joined the company in 2017 as Assistant Corporate Controller and was promoted to Corporate Controller in 2021 with responsibility for NJR's accounting functions. NJR’s Senior Vice President and Chief Financial Officer, Roberto Bel, who is currently serving as both Principal Financial Officer and Principal Accounting Officer, will continue to serve as NJR’s Principal Financial Officer.
A copy of the press release announcing the promotion of Mr. Skrocki is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits | |
|---|---|---|
| d) | Exhibits. | |
| --- | --- | |
| Exhibit Number | Exhibit | |
| --- | --- | --- |
| 99.1 | Press Release of the Company dated December 23, 2022 | |
| 104 | Cover Page in Inline XBRL format |
SIGNATURE
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.
| NEW JERSEY RESOURCES CORPORATION | ||
|---|---|---|
| Date: December 23, 2022 | By: | /s/ Richard Reich |
| Richard Reich | ||
| Senior Vice President and General Counsel |
Exhibit 99.1
NEW JERSEY RESOURCES ANNOUNCES EXECUTIVE PROMOTIONS
Wall, NJ, December 23, 2022 –New Jersey Resources (NYSE: NJR) announced the following executive promotions that position the company to execute on its growth strategy and information technology (IT) priorities.
Jacqueline K. Shea has been promoted to Senior Vice President and Chief Information Officer. Ms. Shea joined NJR in 2016 as Vice President and Chief Information Officer after serving more than three decades in the IT field. In this senior leadership role, she leads the digital transformation strategy and is responsible for overseeing the enterprise-wide modernization of NJR’s digital business applications and IT infrastructure in alignment with its core business strategies. Ms. Shea also leads the investment, planning and management of the company’s IT portfolio, including cyber security, information infrastructure, internet and business applications, technology innovation and overall end-user support.
Stephen Skrocki, Corporate Controller, was named Principal Accounting Officer and a member of NJR’s leadership team. Mr. Skrocki joined the company in 2017 as Assistant Corporate Controller and was promoted to Corporate Controller in 2021 with responsibility for NJR’s accounting functions. Previously, Mr. Skrocki served in a variety of roles of increasing responsibility, most recently as Audit Director, at BDO USA, a leading provider of assurance, tax and advisory services.
“Jackie and Stephen are valued members of our team, and continue to distinguish themselves with sound leadership, proven expertise and a commitment to excellence” said Steve Westhoven, President and CEO of New Jersey Resources. “I am confident they will continue to excel in their leadership roles and support the continued growth and performance of our company.”
These changes will be effective January 1, 2023.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
| • | New Jersey Natural Gas, NJR’s<br> principal subsidiary, operates and maintains over 7,700 miles of natural gas transportation and distribution infrastructure to serve over 569,000 customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex and<br> Burlington counties. |
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NEW JERSEY RESOURCES ANNOUNCES EXECUTIVE PROMOTIONS
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| • | NJR Clean Energy Ventures invests<br> in, owns and operates solar projects with a total capacity of more than 380 megawatts, providing residential and commercial customers with low-carbon solutions. |
|---|---|
| • | NJR Energy Services manages a<br> diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. |
| --- | --- |
| • | Storage & Transportation serves<br> customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. |
| --- | --- |
| • | NJR Home Services provides service<br> contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. |
| --- | --- |
NJR and its nearly 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve^®^ and initiatives such as The SAVEGREEN Project^®^ and The Sunlight Advantage^®^.
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