Global Water Resources Reports Results of Director Election

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Global Water Resources (NASDAQ: GWRS) announced the results of its 2025 Annual Meeting of Stockholders. Out of 24,226,016 eligible shares, 20,221,941 shares were voted. All seven director nominees listed in the April 4, 2025 Proxy Statement were elected with strong approval rates ranging from 91.22% to 98.76%.

The shareholders also approved two additional items: the ratification of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2025 with 99.79% approval, and the advisory vote on executive compensation with 98.65% approval.

PHOENIX, May 21, 2025 (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 April 4, 2025, for the 2025 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company.

As of the March 17, 2025 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 24,226,016 shares of common stock were outstanding and eligible to vote. A total of 20,221,941 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	18,977,734	98.76%		237,663	1.24%		1,006,544
Richard M. Alexander	18,369,578	95.60%		845,819	4.40%		1,006,544
Andrew M. Cohn	18,776,246	97.71%		439,151	2.29%		1,006,544
Debra G. Coy	17,527,426	91.22%		1,687,971	8.78%		1,006,544
Brett Huckelbridge	17,532,484	91.24%		1,682,913	8.76%		1,006,544
Jonathan L. Levine	18,769,081	97.68%		446,316	2.32%		1,006,544
David Rousseau	18,381,274	95.66%		834,123	4.34%		1,006,544

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, 2025 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
20,179,680	99.79%		36,164	0.18%		6,097	0.03%		—

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
18,956,587	98.65%		234,197	1.22%		24,613	0.13%		1,006,544

⁽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 32 systems which provide water, wastewater, and recycled water 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 18.1 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 (WEF). 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
SVP and CFO
Tel (480) 999-5104
Email Contact

Investor Relations:
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email Contact

FAQ

Who are the directors elected to Global Water Resources (GWRS) board in 2025?

The elected directors are Ron L. Fleming, Richard M. Alexander, Andrew M. Cohn, Debra G. Coy, Brett Huckelbridge, Jonathan L. Levine, and David Rousseau.

What was the voting turnout for GWRS 2025 annual meeting?

Out of 24,226,016 eligible shares, 20,221,941 shares (approximately 83.5%) were voted in person or by proxy at the meeting.

Did GWRS shareholders approve the executive compensation package in 2025?

Yes, shareholders approved the executive compensation with 98.65% of votes in favor, representing 18,956,587 shares.

Who was appointed as GWRS independent auditor for fiscal year 2025?

Deloitte & Touche LLP was ratified as the independent registered public accounting firm with 99.79% approval.