Item 5.02 Departure of Directors of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On October 17, 2022, Essential Utilities, Inc. (the "Company") announced that
Richard Fox, Executive Vice President and Chief Operating Officer, is retiring
effective December 1, 2022. Also on October 17, 2022, the Board of Directors of
the Company announced that it has approved an organizational structure that will
become effective December 1, 2022. The new organization has Ms. Colleen Arnold,
Vice President, Water Operations, and Mr. Michael Huwar, Vice President, Gas
Operations, reporting directly to Christopher H. Franklin, President and Chief
Executive Officer.
The Company will enter into a change-in-control agreements with Ms. Arnold and
Mr. Huwar substantially identical to the form of agreement entered into with
other executive officers of the Company and filed with the Company's SEC
filings.
Neither Ms. Arnold nor Mr. Huwar have any family relationships with any of the
Company's directors or executive officers. Neither Ms. Arnold nor Mr. Huwar have
a direct or indirect material interest in any transaction required to be
disclosed pursuant to Item 404(a) of Regulation S-K.
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