-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HndXw/gE4fa/9KW01mKH3TZ8aaVUW7d27tpnanZbm6L+vXnu0X1aid3/gZh7jWHO KglRcBBk6ABWzW4WevBtwg== 0000893220-07-001612.txt : 20070502 0000893220-07-001612.hdr.sgml : 20070502 20070502164152 ACCESSION NUMBER: 0000893220-07-001612 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070501 ITEM INFORMATION: Other Events FILED AS OF DATE: 20070502 DATE AS OF CHANGE: 20070502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARTESIAN RESOURCES CORP CENTRAL INDEX KEY: 0000863110 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 510002090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18516 FILM NUMBER: 07811229 BUSINESS ADDRESS: STREET 1: 664 CHURCHMANS RD CITY: NEWARK STATE: DE ZIP: 19702 BUSINESS PHONE: 3024536900 MAIL ADDRESS: STREET 1: 664 CHURCHMANS RD CITY: NEWARK STATE: DE ZIP: 19702 8-K 1 w32456ae8vk.htm ARTESIAN RESOURCES CORPORATION 8-K e8vk
 

 
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 2, 2007 (May 1, 2007)
ARTESIAN RESOURCES CORPORATION
 
(Exact name of registrant as specified in its charter)
         
Delaware   000-18516   51-0002090
         
(State or other jurisdiction of
incorporation) 		  (Commission
File Number) 		  (IRS Employer Identification No.)
     
664 Churchmans Road, Newark, Delaware   19702
     
(Address of principal executive offices)   (Zip Code)
     
Registrant’s telephone number, including area code:       
302-453-6900
   
 
Not Applicable
 
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Section 8 — Other Events
Item 8.01  Other Events.
On May 1, 2007, Artesian Resources Corporation (Artesian) completed the acquisition of all rights, title and interest in the operations contracts of TMH Environmental Services, Inc. (TMH) through its wholly-owned subsidiary, Artesian Utility Development, Inc. Mr. Horrex, sole proprietor of TMH, will be employed by Artesian and will assist Artesian in providing contract water and wastewater operation services to 23 private, municipal and governmental institutions in the southeastern part of Pennsylvania.
Artesian paid TMH $125,000 upon closing and will pay up to an additional $125,000 over a 3 year period based upon the renewal rate experienced on existing contracts and the value of new contracts over the period that result from the efforts of Mr. Horrex. Current annual revenues under existing contracts total approximately $375,000. The transaction is expected to be immediately accretive to earnings.

 

 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  ARTESIAN RESOURCES CORPORATION
 		  
Date: May 2, 2007  By:   /s/ DAVID B. SPACHT    
    David B. Spacht   
    Vice President, Chief Financial Officer and Treasurer   
 

 

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