form8-k.htm
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): December 18, 2007
ARTESIAN
RESOURCES CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
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000-18516
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51-0002090
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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664
Churchmans Road, Newark, Delaware
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19702
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code:
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302-453-6900
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Not
Applicable
¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾¾
(Former
name or former address, if changed since last report.)
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):
o
Written communications
pursuant to Rule 425 under the Securities Act
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
Section
5 - Corporate Governance and Management
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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(d)
On December 18, 2007, the board of directors (the “Board”) of Artesian Resources
Corporation (the “Company”) appointed Nicholle R. Taylor as a member of the
Board to fill the vacancy created upon the passing of her father, Norman H.
Taylor, Jr., who was in year one of his three year term and who had served
as a
director since 2001.
Ms.
Taylor is currently a Vice President of the Company and its Subsidiaries, a
position she has held since May 2004 and which has included responsibility
for
investor relations, strategic planning and budgeting. From May 2001
to May 2004, Ms. Taylor served as Manager of Investor Relations & Corporate
Development. Ms. Taylor has been employed by the Company since 1991
and has held various management level and operational positions within the
Company. Ms. Taylor is the niece of Dian C. Taylor, Director, CEO
& President, and the cousin of John R. Eisenbrey, Jr.,
Director.
Ms.
Taylor will be compensated for her services as a director in a manner consistent
with the Company’s existing compensation arrangements for
directors. She will receive an annual retainer fee, last set at
$12,500, at the time of the Company’s Annual Meeting of
Shareholders. In addition, she will receive $1,500 for each Board
meeting attended and $450 for any per diem workshops attended.
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.
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ARTESIAN
RESOURCES CORPORATION
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Date: December
21, 2007
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By: /s/
David B.
Spacht
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David
B. Spacht
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Chief
Financial Officer
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