California Water Service Group (CWT) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 28, 2025, with online participation to maximize shareholder engagement.

• 2024 saw record financial results, including $1.04B in revenue, $190.8M net income, and $471M in capital investment.

• Major infrastructure investments and environmental initiatives, including $8M for PFAS treatment and $2M for conservation programs.

• Continued focus on public health, water quality, and emergency preparedness, especially in response to wildfire risks.

• Recognized for corporate responsibility, trustworthiness, and workplace excellence.

Voting matters and shareholder proposals

• Election of eleven directors, advisory vote on executive compensation, and ratification of Deloitte & Touche LLP as auditor for 2025.

• Board recommends voting for all proposals.

• Shareholders can vote online, by phone, or mail, and may submit questions during the virtual meeting.

Board of directors and corporate governance

• Board consists of 11 nominees, 91% independent, with diverse backgrounds (36% gender, 18% ethnic diversity).

• Mandatory retirement age of 75 and regular board refreshment.

• Five standing committees: Audit, Organization and Compensation, Finance and Capital Investment, Nominating/Corporate Governance, and Enterprise Risk Management, Safety, and Security.

• Lead Independent Director role with defined responsibilities.

• Annual board and committee self-evaluations and director education.