Independent
Tenure on this board
6.2 yrs
Meeting calendar
HTO · Annual meeting · Wednesday, May 13, 2026
H2o America
9 nominees · 4 ballot items.
Elect nine directors; advisory vote to approve named executive officer compensation; ratify Deloitte & Touche LLP as independent auditor; and transact other business properly brought before the meeting.
Market cap
$2.7B
1Y TSR
+23.9%
Board grade
B
Record date
Mar 24, 2026
Filing
DEF 14A
Meeting concluded · May 13, 2026
Follow how the vote landed and what changed on H2o America’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot4
- 1
Elect nine directors to serve on the Board of H2O America
ManagementBoard: FORElection of nine director nominees to hold office until the next annual meeting and until their successors are elected and qualified; majority voting standard in uncontested election; nominees recommended by the Board and Nominating & Governance Committee.
- 2
Advisory vote to approve executive compensation (Say-on-Pay
ManagementBoard: FORNon-binding, advisory vote asking shareholders to approve the compensation of named executive officers as disclosed in the Proxy Statement, including the Compensation Discussion and Analysis and compensation tables.
More detail
The advisory Say-on-Pay proposal asks shareholders to approve, on a non-binding basis, the 2025 compensation of the named executive officers as disclosed in the Proxy Statement, including the CD&A and summary compensation tables. Management supports the proposal and emphasizes alignment of pay with performance through a mix of base salary, annual cash incentives tied to financial, operational and strategic goals, and long-term equity awards (PSUs and Service RSUs) tied to ROE and rTSR, with caps and clawback policies. The Compensation Committee reviews peer benchmarking and stockholder feedback, and will consider the vote outcome when making future decisions; although non-binding, a negative result could prompt program changes. Relevant context includes recent leadership transitions (CEO change), updates to incentive metrics for 2026 (replacing rTSR with a customer affordability metric for PSUs), and strong prior shareholder support (over 94% in 2025). The Board recommends a vote FOR and cites its Compensation Committee’s process, stockholder engagement, and risk assessment as rationale.
- 3
Ratify appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2026
ManagementBoard: FORStockholder ratification of Deloitte as the independent auditor for fiscal year 2026; Audit Committee appointed Deloitte; disclosure of audit fees and confirmation of auditor independence and pre-approval policies.
- 4
Act upon such other business as may properly come before the Annual Meeting
ManagementBoard: FORAuthorize proxy holders to vote on any other matters properly presented at the meeting.
Director elections
Nominees on the ballot9
Independent
Tenure on this board
6.8 yrs
Independent
Tenure on this board
6.8 yrs
Rebecca Armendariz Klein
Independent
Tenure on this board
New nominee
Independent
Tenure on this board
2.9 yrs
Independent
Tenure on this board
6.8 yrs
Also a director at
Clearway Energy Inc (CWEN)
Not independent
Tenure on this board
0.4 yrs
Independent
Tenure on this board
6.8 yrs
Not independent
Tenure on this board
1.1 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | ATLAS Infrastructure Partners (UK) Ltd. | 10.8% | 4,532,084 | $266M |
| 2 | BlackRock, Inc. | 9.3% | 3,904,902 | $229M |
| 3 | ANTIPODES PARTNERS Ltd | 5.4% | 2,249,029 | $132M |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 4.0% | 1,687,253 | $99M |
| 5 | COHEN STEERS, INC. | 3.8% | 1,607,964 | $94M |
| 6 | STATE STREET CORP | 3.4% | 1,431,151 | $84M |
| 7 | Cerity Partners LLC | 3.1% | 1,309,679 | $77M |
| 8 | SOROS FUND MANAGEMENT LLC | 2.9% | 1,228,747 | $72M |
| 9 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.8% | 1,169,078 | $69M |
| 10 | BlackRock, Inc. | 2.8% | 1,154,049 | $68M |
Peers
Nearest market capOther Utilities sector meetings6
Upcoming shareholder meetings at H2o America’s closest sector peers — compare boards, ballots, and ownership across the cohort.
Centuri Holdings IncCTRI
Annual meeting·May 19, 2026·$2.8B
Mge Energy IncMGEE
Annual meeting·May 19, 2026·$3.0B
California Water Service GroupCWT
Annual meeting·May 20, 2026·$3.1B
Hawaiian Electric Industries IncHE
Annual meeting·Jun 11, 2026·$2.4B
Chesapeake Utilities CorpCPK
Annual meeting·May 6, 2026·$3.2B
Northwest Natural Holding CoNWN
Annual meeting·May 28, 2026·$2.2B
Reference
Frequently asked questions
- When is the H2o America 2026 annual meeting?
- H2o America (HTO) holds its 2026 annual shareholder meeting on Wednesday, May 13, 2026.
- What is the record date for the H2o America 2026 meeting?
- The record date for the H2o America 2026 meeting is Tuesday, March 24, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for H2o America's 2026 meeting?
- The board is presenting 9 director nominees at the H2o America 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the H2o America 2026 meeting?
- Shareholders will vote on 4 proposals at the H2o America 2026 meeting, each tagged with who proposed it and the board's recommendation.
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