8-K
RGC RESOURCES INC (RGCO)
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 12, 2022
RGC RESOURCES, INC.
(Exact name of Registrant as specified in its charter)
| Virginia | 000-26591 | 54-1909697 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
| 519 Kimball Ave., N.E. Roanoke, Virginia | 24016 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: 540-777-4427
(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 240.425) |
|---|---|
| ☐ | 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 13c-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<br><br> <br>Symbol | Name of Each Exchange on Which Registered |
|---|---|---|
| Common Stock, $5 Par Value | RGCO | NASDAQ Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 if the Securities Exchange Act of 1934.
| 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 new CFO
On January 12, 2022, RGC Resources, Inc. ("Resources" or the "Company") announced the hiring of Jason Field, effective January 10, 2022. Mr. Field will be appointed, effective February 10, 2022, Vice President, Chief Financial Officer and Treasurer. Upon his appointment, Mr. Field will serve as the Company's principal financial officer and principal accounting officer.
There is no arrangement or understanding between Mr. Field and any other person pursuant to which he was selected as an officer of the Company, and there is no family relationship between Mr. Field and any of the Company's other directors or executive officers. Additional information about Mr. Field is provided below:
Mr. Field previously served as Vice President, Finance at Medical Facilities of America where he was responsible for directing and communicating all aspects of finance, accounting and treasury operations. Prior to Medical Facilities of America, Mr. Field worked at KPMG after beginning his career at Central Maine Healthcare. Mr. Field is a certified public accountant and holds a BS degree in business administration with an accounting emphasis from University of Southern Maine.
Mr. Field's initial salary will be $210,000; however, any performance or incentive compensation will not be determined until the time he assumes the position of Chief Financial Officer.
A copy of the Company's press release announcing Mr. Field's hire is attached hereto as Exhibit 99.1.
| ITEM 9.01. | FINANCIAL STATEMENT AND EXHIBITS. |
|---|---|
| 99.1 | RGC Resources, Inc. Names Chief Financial Officer Press Release dated January 12, 2022 |
| --- | --- |
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.
| RGC RESOURCES, INC. | ||
|---|---|---|
| Date: January13, 2022 | By: | /s/ Lawrence T. Oliver |
| Lawrence T. Oliver | ||
| Vice President, Interim Chief Financial Officer, Corporate Secretary and Treasurer |
ex_323352.htm
Exhibit 99.1
NEWS RELEASE
RGC RESOURCES, INC.
| Release Date: | January 12, 2022 |
|---|---|
| Contact: | Paul W. Nester |
| President and CEO | |
| Telephone: | 540-777-3837 |
FOR IMMEDIATE RELEASE
RGC RESOURCES, INC. NAMES
CHIEF FINANCIAL OFFICER
ROANOKE, Va. (January 12, 2022)--RGC Resources, Inc. (NASDAQ: RGCO) announced Jason Field joined the company January 10, 2022 and will be appointed Vice President, Chief Financial Officer and Treasurer. As a member of the Company’s executive team, Mr. Field will lead Resources’ Finance organization and will report to Paul Nester.
“Jason is an experienced financial executive whose leadership and technical skills will be an immediate benefit to our Company,” stated Mr. Nester. “We are pleased to have someone of Jason’s caliber join our team as we continue to execute our growth strategies.”
In his previous role as Vice President, Finance at Medical Facilities of America, Mr. Field, a certified public accountant, was responsible for directing and communicating all aspects of finance, accounting, and treasury operations.
Prior to Medical Facilities of America, Mr. Field worked at KPMG after beginning his career at Central Maine Healthcare.
RGC Resources, Inc. provides energy and related products and services to approximately 62,600 customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, LLC.
From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements.