York Water (NASDAQ: YORW) names ex-PECO chief to its board
Rhea-AI Filing Summary
YORK WATER CO (YORW) reported a governance change as its Board of Directors appointed David M. Velazquez as a new independent director, effective September 1, 2026. The appointment was approved at the Board’s regularly scheduled meeting on August 17, 2026.
Velazquez previously served as President and Chief Executive Officer of PECO Energy, and earlier as Executive Vice President, Utility Operations and Technology for Exelon Corporation and President and Chief Executive Officer of Pepco Holdings, LLC. He brings more than 40 years of energy and utility industry experience, including work in executive leadership, operations, technology, cybersecurity, regulatory affairs and strategic planning.
He was appointed to a class of directors whose terms expire at the 2027 Annual Meeting of Shareholders and will also serve on the Board’s Executive Committee. The company states there is no arrangement or understanding with any other person regarding his appointment and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Board meeting date: August 17, 2026
Effective date of appointment: September 1, 2026
Director term expiration: 2027 Annual Meeting of Shareholders
+2 more
5 metrics
Board meeting date
August 17, 2026
Date the Board approved David M. Velazquez’s appointment as director
Effective date of appointment
September 1, 2026
Date David M. Velazquez becomes an independent director
Director term expiration
2027 Annual Meeting of Shareholders
Class of directors to which Velazquez was appointed
Industry experience
More than 40 years
Velazquez’s experience in the energy and utility industry
Trading symbol
YORW
Common stock listed on The Nasdaq Global Select Market
Key Terms
independent director, Executive Committee, Item 404(a) of Regulation S-K, emerging growth company
4 terms
independent director regulatory
"appointed Mr. David M. Velazquez as a new independent director to the Board"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Executive Committee regulatory
"Mr. Velazquez will also be assigned to the Board’s Executive Committee"
An executive committee is a small group of top leaders within an organization responsible for making important decisions and setting strategic direction. Think of it as the company's steering team, guiding the overall course and ensuring management actions align with long-term goals. For investors, understanding the executive committee helps gauge how decisions are made at the highest level and how leadership might influence the company's future performance.
Item 404(a) of Regulation S-K regulatory
"no transaction between Mr. Velazquez and the Company that would require disclosure under Item 404(a) of Regulation S-K"
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§0.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What board change did YORK WATER CO (YORW) announce?
YORK WATER CO announced that David M. Velazquez has been appointed as a new independent director, effective September 1, 2026. His appointment was approved at the Board’s regularly scheduled meeting held on August 17, 2026.
What is David M. Velazquez’s background relevant to YORW?
David M. Velazquez previously served as President and CEO of PECO Energy and held senior roles at Exelon Corporation and Pepco Holdings, LLC. He brings more than 40 years of experience in the energy and utility industry.
When does David M. Velazquez’s director term at YORK WATER CO (YORW) expire?
David M. Velazquez was appointed to a class of directors whose terms expire at the 2027 Annual Meeting of Shareholders. This means his current board term is aligned with that shareholder meeting cycle, subject to company governance practices.
Will David M. Velazquez serve on any committees at YORK WATER CO (YORW)?
Yes. David M. Velazquez will also serve on YORK WATER CO’s Executive Committee. This role places him directly within a key leadership group of the Board, involved in high-level oversight and decision-related discussions.
When was the board decision to appoint David M. Velazquez at YORW made?
The Board of YORK WATER CO made the decision at its regularly scheduled meeting on August 17, 2026. The appointment becomes effective on September 1, 2026, establishing the timeline for his addition to the Board.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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: August 17, 2026
(Date of earliest event reported)
THE YORK WATER COMPANY
(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction | (Commission | (I.R.S. Employer | |
| of incorporation) | File Number) | Identification No.) | |
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| (Address of principal executive offices) | (Zip Code) | ||
| Registrant's telephone number, including area code ( |
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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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 (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 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 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| (Title of Class) | (Trading Symbol) | (Name of Each Exchange on Which Registered) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§0.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§0.12b-2 of this chapter). 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. ◻
THE YORK WATER COMPANY
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Item 5.02
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Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
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THE YORK WATER COMPANY
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 thereunto duly authorized.
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THE YORK WATER COMPANY
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| /s/ Matthew E. Poff | |
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Date: August 18, 2026
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Matthew E. Poff
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Chief Financial Officer
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