CLEVELAND, July 29, 2015 /PRNewswire/ -- Gas Natural
Inc. (NYSE MKT: EGAS) (the "Company"), a holding company operating
local natural gas utilities serving approximately 68,000 customers
in six states, announced the voting results of its 2015 Annual
Meeting of Shareholders held earlier today in Great Falls, MT.
At the meeting the shareholders:
- Elected Michael Brooks Bender,
James P. Carney, Richard K. Greaves, Robert B. Johnston, Gregory J. Osborne and Michael R. Winter to serve as the directors of
the Company until its 2016 annual meeting.
- Approved on an advisory basis, the compensation of the
Company's named executive officers for 2014.
- Ratified the appointment of MaloneBailey, LLP as the Company's
independent auditor for the year ending December 31, 2015.
The Company also announced the election of Michael R. Winter as Chairman of the Board,
effective July 29, 2015. Mr.
Winter was named a director of the Company in September 2014. He succeeds W.E. "Gene"
Argo, a director since 2002, who was named Chairman in May 2014 and retired as a director of the company
as of the 2015 annual meeting.
Mr. Winter commented, "I am honored to be named Chairman of the
Board and look forward to continuing to help drive Gas Natural's
strategy to grow earnings power. On behalf of the Board, I
thank Gene Argo for his many
contributions during his service as a director, in particular his
leadership as Chairman through the management transition of the
last year. A great deal has been accomplished since then in
positioning Gas Natural for improved financial performance and
greater shareholder value. This is an exciting time for Gas
Natural and we are confident that our leadership and strategy will
put the Company on a prudent path to reaching its full
potential."
About Gas Natural Inc.
Gas Natural Inc., a holding
company, distributes and sells natural gas to end-use residential,
commercial, and industrial customers. It distributes
approximately 26 billion cubic feet of natural gas to approximately
68,000 customers through regulated utilities operating in
Montana, Ohio, Pennsylvania, Maine, North
Carolina and Kentucky. The Company's other operations
include interstate pipeline, natural gas production, and natural
gas marketing. The Company's Montana public utility was originally
incorporated in 1909. Its strategy for growth is to expand
throughput in the Maine and
North Carolina markets, while
looking for acquisitions that are either adjacent to its existing
utilities or in under saturated markets. Gas Natural Inc.
regularly posts information on its website at www.egas.net.
Safe Harbor Regarding Forward-Looking
Statements
The Company is including the following
cautionary statement in this release to make applicable and to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 for any forward-looking statements
made by, or on behalf of, Gas Natural Inc. Forward-looking
statements are all statements other than statements of historical
fact, including, without limitation, those that are identified by
the use of the words "anticipates," "estimates," "expects,"
"intends," "plans," "predicts," "believes" and similar expressions.
Such statements are inherently subject to a variety of risks and
uncertainties that could cause actual results to differ materially
from those expressed. Factors that may affect forward-looking
statements and the Company's business generally include but are not
limited to the Company's ability to successfully integrate the
operations of the companies it has recently acquired and consummate
additional acquisitions, the Company's continued ability to make
dividend payments, the Company's ability to implement its business
plan, fluctuating energy commodity prices, the possibility that
regulators may not permit the Company to pass through all of its
increased costs to its customers, changes in the utility regulatory
environment, wholesale and retail competition, the Company's
ability to satisfy its debt obligations, including compliance with
financial covenants, weather conditions, litigation risks, and
various other matters, many of which are beyond the Company's
control, the risk factors and cautionary statements made in the
Company's public filings with the Securities and Exchange
Commission, and other factors that the Company is currently unable
to identify or quantify, but may exist in the future. Gas Natural
Inc. expressly undertakes no obligation to update or revise any
forward-looking statement contained herein to reflect any change in
Gas Natural Inc.'s expectations with regard thereto or any change
in events, conditions or circumstances on which any such statement
is based.
For more information, contact:
Gas Natural
Inc.
|
Investor
Relations:
|
James E.
Sprague
|
Deborah K. Pawlowski
/ Karen L. Howard
|
Chief Financial
Officer
|
Kei Advisors
LLC
|
Phone: (216)
202-1564
|
Phone: (716)
843-3908 / (716) 843-3942
|
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SOURCE Gas Natural Inc.