Michael Houghton serves as Independent Director of the Company. Mr. Houghton was appointed by Delaware Governor John Carney to serve as Chair of the Delaware Economic and Financial Advisory Council (DEFAC). DEFAC includes public and private sector representatives responsible for providing non-partisan and objective revenue and expenditure estimates to the Governor and General Assembly, as well as with providing advice on tax policy and projected economic trends that impact the State’s current and projected financial condition. He was admitted to practice law in Delaware in 1982, before the U.S. District Court for the District of Delaware in 1983 and before the U.S. Court of Appeals for the Third Circuit in 1985. He served a clerkship with the Delaware Court of Chancery in 1982-1983. He serves on the Governance and Nominating; and Strategic Planning, Budget and Finance Committees. Mr. Houghton has extensive experience representing governmental entities, banks, trust companies, insurance companies and public utilities in commercial transactions and before regulatory authorities. He has served in numerous leadership roles with both Delaware and national business and professional organizations, including as President of the Uniform Law Commission and the Delaware State Bar Association, as well as serving as member of the Boards of the Delaware State Chamber of Commerce, the Delaware Public Policy Institute, the Pete du Pont Freedom Foundation and the Rockefeller Trust Company of Delaware. The Board determined that Mr. Houghton’s 30 years of relationships and regulatory and public policy experience in Delaware make him well qualified to serve on the Board.
As the Independent Director of Artesian Resources, the total compensation of Michael Houghton at Artesian Resources is $61,000. There are 13 executives at Artesian Resources getting paid more, with Dian C. Taylor having the highest compensation of $1,040,498.
Michael Houghton is 63, he's been the Independent Director of Artesian Resources since 2018. There are 5 older and 13 younger executives at Artesian Resources. The oldest executive at Artesian Resources Corp. is Kenneth Biederman, 76, who is the Independent Director.
Over the last 21 years, insiders at Artesian Resources have traded over $23,051,941 worth of Artesian Resources stock and bought 10,107 units worth $260,354 . The most active insiders traders include Kenneth R Biederman, William C Wyer и Dian C Taylor. On average, Artesian Resources executives and independent directors trade stock every 24 days with the average trade being worth of $107,427. The most recent stock trade was executed by Nicholle Renee Taylor on 20 December 2023, trading 4,750 units of ARTNA stock currently worth $203,395.
artesian water company, inc. owns, operates, and maintains water treatment and water distribution systems in delaware. it offers water meter reading, automated billing, water plant operations, and operational support services. the company also provides project management, and water and wastewater related services. in addition, it operates wastewater treatment facilities. the company was founded in 1905 and is based in newark, delaware. artesian water company, inc. operates as a subsidiary of artesian resources corp.
Artesian Resources executives and other stock owners filed with the SEC include: