Gas Natural Inc. Announces Results of Annual Meeting of Shareholders

Board of Directors elects Michael R. Winter as Chairman

Jul 29, 2015, 16:57 ET from Gas Natural Inc.

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

 

SOURCE Gas Natural Inc.



RELATED LINKS

http://www.egas.net