Press Releases May 18, 2026 05:45 PM

Global Water Resources Reports Results of Director Election

Global Water Resources Elects Directors and Ratifies Deloitte & Touche as Auditor at 2026 Annual Meeting

By Marcus Reed
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GWRS

Global Water Resources Inc. announced the election of its board of directors as per the proxy statement, ratified Deloitte & Touche LLP as its 2026 independent auditor, and approved executive compensation at its 2026 Annual Meeting. The company continues its focus on total water management and recycled water utility operations primarily in Arizona.

Global Water Resources Reports Results of Director Election
GWRS
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Key Points

  • All proposed directors were elected with strong shareholder support, reflecting confidence in company leadership.
  • Deloitte & Touche LLP was ratified as the independent auditor for fiscal year ending 2026, ensuring continued oversight and financial integrity.
  • Shareholders approved the advisory vote on executive compensation, indicating alignment with company management policies.
  • Sectors impacted include water utilities, environmental management, and infrastructure with focus on water recycling and conservation in growing metropolitan areas.

PHOENIX, May 18, 2026 (GLOBE NEWSWIRE) -- Global Water Resources Inc., ("the Company"), (NASDAQ: GWRS), a pure-play water resource management company, announced that the nominees listed in the Proxy Statement, dated March 31, 2026, for the 2026 Annual Meeting of Stockholders ("the Meeting") were selected as Directors of the Company.

As of the March 17, 2026 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 28,763,634 shares of common stock were outstanding and eligible to vote. A total of 24,858,154 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(1)Votes Withheld% of Total Shares Voted(1)Broker Non-VotesRon L. Fleming18,859,70494.97%998,2595.03%5,000,191Richard M. Alexander19,014,24395.75%843,7204.25%5,000,191Andrew M. Cohn18,912,93895.24%945,0254.76%5,000,191Brett Huckelbridge18,816,67494.76%1,041,2895.24%5,000,191Jonathan L. Levine18,909,89295.23%948,0714.77%5,000,191David Rousseau19,073,27696.05%784,6873.95%5,000,191Christa Steele18,951,96995.44%905,9944.56%5,000,191


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, 2026 was ratified.

The results of the vote were as follows:

Votes For% of Total Shares VotedVotes Against% of Total Shares VotedAbstentions% of Total Shares VotedBroker Non-Votes24,784,69199.70%48,9430.19%24,5200.09%—


In addition, at the Meeting, approval on an advisory basis, of the compensation of the Company’s named executive officers was approved.

The results of the vote were as follows:

Votes For% of Total Shares Voted(1)Votes Against% of Total Shares Voted(1)Abstentions% of Total Shares Voted(1)Broker Non-Votes19,038,45195.87%777,6393.91%41,8730.21%5,000,191

(1) Percentages of total shares voted are calculated based on the number of shares entitled to vote on the applicable proposal and exclude broker non-votes, which are not considered votes cast for Proposals 1 and 3.

About Global Water Resources

Global Water Resources, Inc. is a leading water resource management company that owns and operates 39 systems which provide water, wastewater, and recycled water utility service. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson. Global Water recycles over 1 billion gallons of water annually with 19.8 billion gallons recycled since 2004.

The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. It enables smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth.

Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation. The company also received Cityworks’ Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.

To learn more, visit www.gwresources.com.

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

Investor Relations:
Ron Both or Grant Stude
Encore Investor Relations
Tel (949) 432-7450
GWRS@encore-ir.com


Risks

  • Dependence on regulatory and environmental policies affecting water management and utility operations may impact business.
  • Population growth and water scarcity in service areas present operational challenges that could impact service delivery and costs.
  • Market risks related to investor sentiment on utility sector stocks and infrastructure investment levels may affect stock performance.

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