Aqua America 8-K 2012
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Aqua America, Inc.
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)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In accordance with the Aqua America, Inc.’s Corporate Governance Guidelines, which establish age 72 as the normal retirement age for directors, on February 24, 2012, Richard L. Smoot, a member of the Board of Directors of Aqua America, Inc. (the "Company") since 1997, submitted his resignation from the Board of Directors and Committees of the Board effective April 26, 2012, the date of his 72nd birthday. In view of Mr. Smoot’s valuable service to the Company’s Board of Directors, including serving as the Chair of the Audit Committee since 1999 and in order to facilitate a smooth transition of his responsibilities, the Board of Directors requested, and Mr. Smoot agreed, that he continue to serve as a member of the Board of Directors and member of the Audit Committee until May 10, 2012, the date of the Company’s next regularly scheduled Board of Directors meeting.
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.