Item 8.01. Other Events.
On April 7, 2022, the Company issued a press release announcing the closing of the underwriter’s full exercise of the underwriter’s option to
purchase 146,340 additional shares along with the previously-announced public offering of 975,600 shares of the Company’s common stock at a price to the public of $41 per share. A copy of this press release is furnished as Exhibit 99.1 hereto and is
incorporated herein by reference.
Neither the disclosures in this Current Report on Form 8-K nor the exhibits hereto shall constitute an offer to sell or the solicitation of an
offer to buy the securities described herein and therein, nor shall there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Cautionary Statement Regarding Forward-Looking Information
Certain statements contained in this Form 8-K and the exhibits hereto constitute “forward-looking statements” within the meaning of Section
21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Words such as "may," "should," "believe," "anticipate," "estimate," "expect," "intend," "plan" and similar expressions are intended to identify forward-looking
statements. These forward-looking statements include certain information relating to the Company’s business strategy and future prospects; including, but not limited to:
• the amount and timing of rate increases and other regulatory matters including the recovery of costs recorded as regulatory assets;
• expected profitability and results of operations;
• trends;
• goals, priorities and plans for, and cost of, growth and expansion;
• strategic initiatives;
• availability of water supply;
• water usage by customers; and
• the ability to pay dividends on common stock and the rate of those dividends.
The forward-looking statements in this investor presentation reflect what the Company currently anticipates will happen. What actually
happens could differ materially from what it currently anticipates will happen. The Company does not intend to make a public announcement when forward-looking statements are no longer accurate, whether as a result of new information, what actually
happens in the future or for any other reason. Important matters that may affect what will actually happen include, but are not limited to:
• changes in weather, including drought conditions or extended periods of heavy rainfall;
• natural disasters, including pandemics such as the current outbreak of the novel strain
of coronavirus known as “COVID-19” and the effectiveness of the Company’s pandemic plans;
• levels of rate relief granted;
• the level of commercial and industrial business activity within the Company's service territory;
• construction of new housing within the Company's service territory and increases in population;
• changes in government policies or regulations, including the tax code;
• the ability to obtain permits for expansion projects;
• material changes in demand from customers, including the impact of conservation efforts which may impact the demand of customers
for water;
• changes in economic and business conditions, including interest rates;
• loss of customers;
• changes in, or unanticipated, capital requirements;
• the impact of acquisitions;
• changes in accounting pronouncements;
• changes in the Company’s credit rating or the market price of its common stock; and
• the ability to obtain financing.
You should also refer to the risk factors and cautionary statements described in other documents that we file from time to time with the SEC,
including in our most recent Annual Report on Form 10-K for the year ended December 31, 2021. York’s SEC filings are accessible on the SEC website at www.sec.gov.