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Global Water Resources Reports Results of Director Election

PHOENIX, May 18, 2018 (GLOBE NEWSWIRE) -- Global Water Resources Inc., ("the Company"), (NASDAQ:GWRS), (TSX:GWR), announced that the nominees listed in the Proxy Statement, dated April 6, 2018, for the 2018 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company. 

As of the March 27, 2018 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 19,631,266 shares of common stock were outstanding and eligible to vote. A total of 15,837,686 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
  Votes Withheld % of Total
Shares Voted
  Broker Non
-Votes
% of Total
Shares Voted
Trevor T. Hill 11,145,088 70.37 %   2,873,412 18.14 %   1,819,186 11.49 %
William S. Levine 12,655,297 79.91 %   1,363,203 8.61 %   1,819,186 11.49 %
Richard M. Alexander 12,312,518 77.74 %   1,705,982 10.77 %   1,819,186 11.49 %
David C. Tedesco 12,645,715 79.85 %   1,372,785 8.67 %   1,819,186 11.49 %
Cindy M. Bowers 11,111,462 70.16 %   2,907,038 18.36 %   1,819,186 11.49 %
Ron L. Fleming 12,665,122 79.97 %   1,353,378 8.55 %   1,819,186 11.49 %
Debra G. Coy 13,902,938 87.78 %   115,562 0.73 %   1,819,186 11.49 %
Brett Huckelbridge 13,896,866 87.75 %   121,634 0.77 %   1,819,186 11.49 %

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, 2018 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
% of Total
Shares Voted
15,810,057 99.83 %   22,764 0.14 %   4,865 0.03 %   0 %

The Global Water Resources, Inc. 2018 Stock Option plan was also approved at the Meeting. 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
% of Total
Shares Voted
13,950,245 88.08 %   62,287 0.39 %   5,968 0.04 %   1,819,186 11.49 %

About Global Water Resources

Global Water Resources, Inc. is a leading water resource management company that owns and operates nine utility companies which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually. To learn more, visit www.gwresources.com.

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

Investor Relations:
Ron Both, CMA
Tel (949) 432-7566
GWRS@cma.team

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