Oildale Mutual Shareholder Meeting

197 views

Published on

Press release regarding recent OMW Shareholder Meeting

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
197
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Oildale Mutual Shareholder Meeting

  1. 1. October 3, 2012 For Immediate ReleaseContact: Doug Nunneley, GM Phone: 661.399.5516Oildale Mutual board Re-elected with Overwhelming SupportThe Annual Meeting of the Stockholders of Oildale Mutual Water Company (OMWC) was held onOctober 1st and highlighted strong customer support for their representatives on the privately heldcompany’s board.Don Wattenbarger, Fred Hupp, Lonny Boller, Bill Purkiser and Hugh Pearson were each re-elected by228,422 shares representing the customers of this nearly 100-year old company.“We are grateful for such strong community support,” declared board president Don Wattenbarger.“All of us serving on this board are here for the people of Oildale. We are driven by a simple desire: torun a fiscally solvent company providing a critically needed water supply and protecting our customersfrom the abuses of government.”Oildale Mutual has been locked in a dispute with their water wholesaler, North of the River MunicipalWater District. OMWC has objected to excessive travel, personal expenditures like home alarmsystems andgrossly high salaries plus $60,000 in cash bonuses paid to one employee - being passedalong to their customers by this public agency.“While we appreciate the trust that the citizens of Oildale have shown in us,” continued Wattenbarger,“we need your help to put a stop to the excessive charges being passed along to our customers. ThisNovember’s election represents a unique opportunity for the voters to speak up and say “enough” tothe NOR Municipal Water District – and elect fiscally responsible individuals to replace them.” Oildale Mutual Water Company was founded by the residents of Oildale, California in 1919 to develop a provisioned water system to meet the demands of the growing community. The Company is supporting the committee to elect Jim Tyack, Dennis Meier and Ray Etcheverry to the NOR Municipal Board of Directors in the November 6th general election. ###

×