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: April 28, 2005
MIDDLESEX WATER COMPANY
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(Exact name of registrant as specified in its charter)
NEW JERSEY 0-422 22-1114430
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1500 RONSON ROAD, P.O. BOX 1500, ISELIN, NEW JERSEY 08830
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(Address of principal executive offices, including zip code)
(732)-634-1500
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(Registrant's telephone number, including area code)
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:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item. 8.01. Other Events
Announcement of Middlesex Water Company 5% Discount Offering to Dividend
Reinvestment Plan Participants as set forth in the attached press release.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf of the
undersigned hereunto duly authorized.
MIDDLESEX WATER COMPANY
(Registrant)
s/Kenneth J. Quinn
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Kenneth J. Quinn
Vice President, General Counsel,
Secretary and Treasurer
Dated: April 28, 2005
2
CONTACT: Bernadette Sohler, 732-634-1500
Director of Communications, Middlesex Water Company
Middlesex Water Company to Offer 5% Discount to
Dividend Reinvestment Plan Participants
Iselin, New Jersey April 28, 2005 -- Middlesex Water Company (NASDAQ:MSEX)
today announced that, for a limited period of time, it plans to offer shares of
its Common Stock at a 5% discount to participants in the Company's Dividend
Reinvestment and Common Stock Purchase Plan ("Plan"). This offer applies to all
purchases under the Plan made between June 1, 2005 and December 1, 2005, whether
by Optional Cash payment or Dividend Reinvestment. The 5% reduction in price
also will apply to dividends paid and reinvested on June 1, 2005 (to holders of
record May 13, 2005). In addition, this discount will apply to any other
dividends reinvested during the discount period.
During this discount period, the price of the stock will be 95% of the
purchase price as described in the Company's Plan prospectus dated January 25,
2000, if purchased through the Plan.
Purchases made at the reduced price and then subsequently withdrawn from
the Plan within six months after purchase, will be subject to a withdrawal fee
equal to the original 5% share reduction on all shares withdrawn.
For Plan details or to obtain copies of the Prospectus, please call Kenneth
J. Quinn, Vice President, General Counsel, Secretary and Treasurer of the
Company at 732-634-1500.
About Middlesex Water Company
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Middlesex Water Company, organized in 1897, is a water utility serving
customers in central and southern New Jersey and in the State of Delaware. The
Company and its New Jersey subsidiaries -- Pinelands Water Company, Pinelands
Wastewater Company and Bayview Water Company -- are subject to the regulations
of the Board of Public Utilities of the State of New Jersey. Middlesex Water
Company operates the water and wastewater utilities for the City of
(More-More-More)
Middlesex Water Company to Offer 5% Discount to Dividend Reinvestment Plan
Participants/Page 2
Perth Amboy through its subsidiary, Utility Service Affiliates (Perth Amboy)
Inc. Middlesex Water also provides contract operations services and a service
line maintenance program through its non-regulated subsidiary, Utility Service
Affiliates, Inc. The Company's regulated Delaware subsidiaries, Tidewater
Utilities, Inc., together with Southern Shores Water Company and Tidewater
Environmental Services Inc., are subject to the regulations of the Public
Service Commission in Delaware. These companies are also subject to various
Federal and State regulatory agencies concerning water quality standards. White
Marsh Environmental Systems, Inc. operates small wastewater systems under
contract on a non-regulated basis in Delaware.
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Safe Harbor Statement under the Private
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Securities Litigation Reform Act of 1995:
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Certain matters discussed in this press release are "forward-looking statements"
regarding the Company's results of operations and financial position. Such
statements address future plans, objectives, expectations and events concerning
various matters such as capital expenditures, earnings, litigation, growth
potential, rates, regulatory matters, liquidity, capital resources and
accounting matters. Actual results in each case could differ materially from
those currently anticipated in such statements. The Company undertakes no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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