form8_k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): October 10, 2008
Connecticut
Water Service, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
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Connecticut
(State
or other jurisdiction of
incorporation
or organization)
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06-0739839
(I.R.S.
Employer Identification No.)
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93
West Main Street, Clinton, CT
(Address
of principal executive office)
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06413
(Zip
Code)
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(Registrant’s
Telephone Number, Including Area Code)
(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 (see General Instruction A.2.
below):
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))
Item
8.01 Other
Events
Connecticut
Water Service, Inc. (the “Company”) announced that its Board of Directors has
determined to let the Company’s shareholder rights plan (the “Rights Plan”)
expire, as scheduled and by its terms, without renewal at the end of its current
ten-year term, on October 11, 2008. The Board of Directors has no
current plans to adopt a successor rights plan, although it may consider
implementing such a plan in the future, if it determines that this would be in
the best interests of the Company and its shareholders.
The
Company’s Rights Plan is formally known as the Amended and Restated Shareholder
Rights Agreement, dated as of August 12, 1998, as amended on October 30, 2001
(the “Rights Plan”), between the Company and Registrar & Transfer Company,
as the Company’s Rights Agent. It was originally adopted by the
Board of Directors in August 1988, for an initial ten-year term to expire in
October 1998. As originally adopted, the Rights Plan provided for a
dividend to shareholders in the form of one right (a “Right”) to buy one share
of common stock to be distributed on each then-outstanding share of common stock
at a price of $50 per share (subsequently adjusted for forward splits of the
Company’s common stock). On August 12, 1998, the Board renewed the
Rights Plan for an additional ten-year term, with certain
modifications. Upon the expiration of the Rights Plan on October 11,
2008, shares of the Company’s Common Stock will no longer be accompanied by a
Right.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
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Connecticut
Water Service, Inc.
(Registrant)
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Date:
October 10, 2008
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By: /s/ David C.
Benoit
David
C. Benoit
Vice
President – Finance and Chief Financial
Officer
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