Global Water Resources Reports Results of Director Election

Global Water Resources (NASDAQ: GWRS) reported results of its 2026 Annual Meeting director elections and other proposals.

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) reported results of its 2026 Annual Meeting director elections and other proposals. As of the March 17, 2026 record date, 28,763,634 shares were outstanding, with 24,858,154 shares voted in person or by proxy.

All seven director nominees received approximately 94.76%–96.05% of votes cast, excluding broker non-votes. Deloitte & Touche was ratified as independent auditor for 2026 with 99.70% of votes cast in favor. On an advisory basis, executive compensation received 95.87% of votes cast in favor.

Argus May 19 session

-0.58% close to close Open Argus

Details

News Market Reaction – GWRS

In the May 19 session, GWRS declined 0.58%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details routine annual-meeting outcomes: all director nominees were elected with h...

Analysis

This announcement details routine annual-meeting outcomes: all director nominees were elected with high support, Deloitte & Touche LLP was ratified as auditor for fiscal 2026, and executive compensation received strong advisory approval. Combined with recent updates on revenue growth, dividends, and rate settlements, it underscores continuity in governance and oversight. Investors may watch upcoming earnings, regulatory decisions, and capital spending metrics to assess how this stable governance framework translates into future performance.

Key Figures

Shares outstanding: 28,763,634 shares Shares voted: 24,858,154 shares Director support: 96.05% max votes for +5 more

Shares outstanding

28,763,634 shares

Record date March 17, 2026 for annual meeting

Shares voted

24,858,154 shares

Total shares voted in person or by proxy at meeting

Director support

96.05% max votes for

Highest director vote (David Rousseau 19,073,276 for, 96.05%)

Lowest director support

94.76% votes for

Brett Huckelbridge 18,816,674 for, 94.76%

Auditor ratification for

24,784,691 votes

Deloitte & Touche LLP as independent auditor for FY 2026

Auditor opposition

48,943 votes

Votes against ratifying Deloitte & Touche LLP

Say-on-pay support

19,038,451 votes

Advisory approval of executive compensation (95.87% of votes cast)

Say-on-pay against

777,639 votes

Votes against advisory executive compensation proposal

Historical Context

5 past events · Latest: May 13

5 events

1. May 13

   Earnings update

   24h Move

   +4.5%

   Q1 2026 revenue growth with stable adjusted EBITDA and infrastructure investment.

2. Apr 30

   Dividend declaration

   24h Move

   -1.3%

   Monthly cash dividend of $0.02533 per share at $0.30396 annual rate.

3. Apr 29

   Regulatory settlement

   24h Move

   -2.8%

   ACC settlement for GW-Santa Cruz adding $2.3M annual revenue requirement if approved.

4. Apr 22

   Conference call

   24h Move

   +1.5%

   Scheduled Q1 2026 results call and webcast details for investors.

5. Mar 31

   Dividend declaration

   24h Move

   +0.5%

   Monthly cash dividend of $0.02533 per share, $0.30396 annual rate.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

proxy statement, record date, broker non-votes, independent registered public accounting firm

4 terms

proxy statement regulatory

"the nominees listed in the Proxy Statement, dated March 31, 2026, for the 2026 Annual"

A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

View in glossary

record date regulatory

"As of the March 17, 2026 record date for the determination of the shareholders"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

broker non-votes regulatory

"Votes Withheld | % of Total Shares Voted (1) | Broker Non-Votes"

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

independent registered public accounting firm regulatory

"the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PHOENIX, May 18, 2026 (GLOBE NEWSWIRE) -- Global Water Resources Inc., ("the Company"), (NASDAQ: GWRS), a pure-play water resource management company, announced that the nominees listed in the Proxy Statement, dated March 31, 2026, for the 2026 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company.

As of the March 17, 2026 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 28,763,634 shares of common stock were outstanding and eligible to vote. A total of 24,858,154 shares were voted in person or by proxy at the meeting.

The results of the vote for the election of the Directors at the Meeting were as follows:

	Votes For	% of Total Shares Voted(1)	Votes Withheld	% of Total Shares Voted(1)	Broker Non-Votes
Ron L. Fleming	18,859,704	94.97%	998,259	5.03%	5,000,191
Richard M. Alexander	19,014,243	95.75%	843,720	4.25%	5,000,191
Andrew M. Cohn	18,912,938	95.24%	945,025	4.76%	5,000,191
Brett Huckelbridge	18,816,674	94.76%	1,041,289	5.24%	5,000,191
Jonathan L. Levine	18,909,892	95.23%	948,071	4.77%	5,000,191
David Rousseau	19,073,276	96.05%	784,687	3.95%	5,000,191
Christa Steele	18,951,969	95.44%	905,994	4.56%	5,000,191

In addition, at the Meeting, the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified.

The results of the vote were as follows:

Votes For	% of Total Shares Voted	Votes Against	% of Total Shares Voted	Abstentions	% of Total Shares Voted	Broker Non-Votes
24,784,691	99.70%	48,943	0.19%	24,520	0.09%	—

In addition, at the Meeting, approval on an advisory basis, of the compensation of the Company’s named executive officers was approved.

The results of the vote were as follows:

Votes For	% of Total Shares Voted(1)	Votes Against	% of Total Shares Voted(1)	Abstentions	% of Total Shares Voted(1)	Broker Non-Votes
19,038,451	95.87%	777,639	3.91%	41,873	0.21%	5,000,191

⁽¹⁾ Percentages of total shares voted are calculated based on the number of shares entitled to vote on the applicable proposal and exclude broker non-votes, which are not considered votes cast for Proposals 1 and 3.

About Global Water Resources

Global Water Resources, Inc. is a leading water resource management company that owns and operates 39 systems which provide water, wastewater, and recycled water utility service. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson. Global Water recycles over 1 billion gallons of water annually with 19.8 billion gallons recycled since 2004.

The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. It enables smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth.

Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation. The company also received Cityworks’ Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.

To learn more, visit www.gwresources.com.

Company Contact:
Michael J. Liebman
CFO and SVP
Tel (480) 999-5104
mike.liebman@gwresources.com

Investor Relations:
Ron Both or Grant Stude
Encore Investor Relations
Tel (949) 432-7450
GWRS@encore-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the 2026 director election results for Global Water Resources (NASDAQ: GWRS)?

All seven Global Water Resources director nominees were elected, each receiving about 94.76%–96.05% of votes cast. According to Global Water Resources, broker non-votes were excluded from these percentages when calculating support levels for the 2026 Annual Meeting director elections.

How many Global Water Resources (GWRS) shares voted at the 2026 annual meeting?

A total of 24,858,154 Global Water Resources shares were voted in person or by proxy. According to Global Water Resources, this was out of 28,763,634 common shares outstanding and entitled to vote as of the March 17, 2026 record date.

Was Deloitte & Touche ratified as auditor for Global Water Resources (GWRS) for 2026?

Yes, Deloitte & Touche was ratified as Global Water Resources’ independent registered public accounting firm for 2026. According to Global Water Resources, 24,784,691 votes (99.70%) supported ratification, 48,943 votes (0.19%) were against, and 24,520 votes (0.09%) abstained.

What percentage of Global Water Resources (GWRS) shareholders supported 2026 say-on-pay?

Approximately 95.87% of votes cast supported Global Water Resources’ 2026 advisory vote on executive compensation. According to Global Water Resources, 19,038,451 votes were for, 777,639 were against, 41,873 abstained, and 5,000,191 broker non-votes were excluded from the percentage calculation.

How many Global Water Resources (GWRS) shares were outstanding on March 17, 2026?

Global Water Resources reported 28,763,634 common shares outstanding and entitled to vote on March 17, 2026. According to Global Water Resources, this record date share count determined eligibility to receive notice of, and vote at, the 2026 Annual Meeting of Stockholders.

How were broker non-votes treated in the 2026 Global Water Resources (GWRS) vote results?

Broker non-votes were excluded from percentages of total shares voted on director elections and say-on-pay. According to Global Water Resources, broker non-votes are not considered votes cast for Proposals 1 and 3, but are reported separately in the voting results tables.

What level of support did Global Water Resources (GWRS) director Ron L. Fleming receive in 2026?

Ron L. Fleming received 18,859,704 votes for and 998,259 votes withheld in the 2026 election. According to Global Water Resources, this represented 94.97% of votes cast for his election, excluding 5,000,191 broker non-votes from the percentage calculation.