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) February 8, 2007
AMERICAN STATES WATER COMPANY
(Exact name of registrant as specified in its charter)
California 001-14431 95-4676679
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
630 East Foothill Blvd.
San Dimas, California 91773
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (909) 394-3600
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GOLDEN STATE WATER COMPANY
(Exact name of registrant as specified in its charter)
California 001-12008 95-1243678
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
630 East Foothill Blvd.
San Dimas, California 91773
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (909) 394-3600
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing requirement of the registrant under any of the
following provisions (see General Instruction A.2 below):
|_| 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 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))
Section 5 - Corporate Governance and Management
Item 8.01. Other Events
American States Water Company announced today that Michael Patrick George, the
former CEO of Western Water Company, has accepted the position of Executive Vice
President of Corporate Development for the Company beginning February 12, 2007.
Mr. George will receive an annual salary of $375,000. In addition, the Company
has granted Mr. George options to acquire 6,461 of the Company's common shares
with an exercise price equal to the closing price of the Company's common shares
on February 15, 2007 and restricted stock units equal to $62,500 divided by the
closing price of the Company's common shares on February 15, 2007.
Western Water Company filed for bankruptcy protection under chapter 11 of the
federal bankruptcy laws in May 2005 in the Northern District of California,
Oakland Division. The bankruptcy court confirmed a plan of reorganization of
Western Water Company on February 6, 2006 that became effective on February 17,
2006, and closed the case on March 21, 2006.
Section 9 - Financial Statement and Exhibits
Item 9.01. Financial Statements and Exhibits
Exhibit No. Description
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99.1 Press Release announcing election of new Executive Vice President
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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.
AMERICAN STATES WATER COMPANY
Date: February 14, 2007 By: /s/ Robert J. Sprowls
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Robert J. Sprowls
Sr. Vice President, Chief Financial
Officer, Treasurer and Corporate
Secretary
Exhibit 99.1
American States Water Company Announces New Executive Vice President
SAN DIMAS, Calif.--(BUSINESS WIRE)--Feb. 15, 2007--American States
Water Company (NYSE:AWR) announced today that Michael Patrick George
has accepted the position of Executive Vice President of Corporate
Development for the company effective February 12, 2007.
Mr. George will be assuming the responsibility for assessing the
company's portfolio of water rights, including adjudicated
groundwater, surface diversions, storage conveyance and contractual
entitlements, with the objective of improving coordination,
dependability, and value to customers of AWR's subsidiaries and AWR's
shareholders.
"Mr. George has worked on numerous projects with the company over
the years and we have come to respect him as a strategist in the
protection and development of water rights in the Western states,"
stated Floyd E. Wicks, President and CEO of American States Water
Company. "We are pleased to welcome Michael to the company."
Mr. George graduated Phi Beta Kappa from the University of Notre
Dame with a B.A. in American Studies and with honors from Georgetown
University Law Center in Washington D.C. Before joining his previous
company, Western Water Company, Mr. George was a managing director
with J.P. Morgan. He began his career as a lawyer with an
international law firm with corporate, litigation, government affairs
and regulatory practices.
American States Water Company is the parent of Golden State Water
Company, American States Utility Services, Inc. and Chaparral City
Water Company. Through its subsidiaries, AWR provides water service to
1 out of 30 Californians located within 75 communities throughout 10
counties in Northern, Coastal and Southern California (approximately
254,000 customers) and to approximately 13,000 customers in the city
of Fountain Hills, Arizona and a small portion of Scottsdale, Arizona.
The Company also distributes electricity to approximately 23,000
customers in the Big Bear recreational area of California. Through its
non-regulated subsidiary, American States Utility Services, the
Company contracts with various municipalities, the U.S. government and
private entities to provide various services, including billing and
meter reading, water marketing and operation and maintenance of water
and wastewater systems.
CONTACT: American States Water Company
Robert J. Sprowls
Senior Vice President, Chief Financial Officer,
Treasurer and Corporate Secretary
909-394-3600, x647