StockNews.AI
RGCO
StockNews.AI
204 days

RGC Resources Holds Annual Shareholders Meeting

1. RGC Resources elected new directors during the January 27 meeting. 2. Deloitte & Touche ratified as auditors for fiscal 2025. 3. John B. Williamson III elected Chairman of the Board. 4. Paul W. Nester appointed President and CEO of RGC Resources. 5. Roanoke Gas Company confirmed leadership roles for key executives.

4m saved
Insight
Article

FAQ

Why Bullish?

Leadership changes often positively influence company direction and investor confidence, similar to past examples where leadership stability led to stock price increases.

How important is it?

The election of a new board and CEO can significantly impact company strategy and performance, relevant to RGCO’s future outlook.

Why Short Term?

Immediate impact expected as leadership changes are likely to boost market sentiment, though not a long-term persuasion unless performance follows.

Related Companies

DeloitteRoanoke Gas Company
January 27, 2025 16:45 ET  | Source: RGC Resources Inc. ROANOKE, Va., Jan. 27, 2025 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced the election of Directors at its shareholders meeting held on January 27, 2025.  Shareholders elected Abney S. Boxley III, Elizabeth A. McClanahan and John B. Williamson III for three-year terms. Shareholders also ratified the appointment of Deloitte & Touche, LLP as auditors for fiscal 2025. At a meeting of the Board of Directors, following the annual shareholders meeting, John B. Williamson III was elected Chairman of the Board and Paul W. Nester was elected President and CEO of RGC Resources, Inc. The following RGC Resources senior officers were also elected: Timothy J. Mulvaney, Vice President, CFO and Treasurer, Lawrence T. Oliver, Senior Vice President, Regulatory and External Affairs and Secretary, and C. Brooke Miles, Vice President, Human Resources and Community Engagement. In addition, Roanoke Gas Company, the largest subsidiary of RGC Resources, elected the following senior officers:  Paul W. Nester, President and CEO, Timothy J. Mulvaney, Vice President, CFO and Treasurer, Lawrence T. Oliver, Senior Vice President, Regulatory and External Affairs and Secretary, C. Jim Shockley, Jr., Vice President and Chief Operating Officer, and C. Brooke Miles, Vice President, Human Resources and Community Engagement. RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, LLC. From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results. Contact:Paul W. NesterPresident and CEOTelephone:540-777-3837

Related News