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 (Date of earliest event reported) December 16, 2009
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SJW Corp.
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(Exact name of registrant as specified in its charter)
California 1-8966 77-0066628
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
110 W. Taylor Street, San Jose, California 95110
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(Address of principal executive offices) (Zip Code)
(408) 279-7800
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Registrant's telephone number, including area code
Not Applicable
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(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:
[ ] 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 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
(e) On December 16, 2009, the Executive Compensation Committee (the
"Committee") of the Board of Directors of SJW Corp. (the "Company")
approved an amendment (the "Amendment") to the amended and restated
employment agreement with W. Richard Roth, the President and Chief
Executive Officer of the Company. Pursuant to such Amendment, (i) Mr.
Roth's annual base salary for each of the 2010, 2011 and 2012 calendar
years will be increased to $625,000 per year, (ii) Mr. Roth's annual
base salary for the 2013 calendar year will be increased by 4% to the
rate of $650,000, and (iii) his annual base salary for the 2014
calendar year will be increased by an additional 4% to $676,000. A
copy of the Amendment is attached hereto as Exhibit 10.1 and
incorporated into this Form 8-K by reference.
The Committee also approved an increase in the base salary of David A.
Green, the Company's Chief Financial Officer and Treasurer, from
$230,000 to $260,000, effective January 1, 2010, and an increase in
his target bonus from $35,000 to $40,000, effective with the 2010
fiscal year. The actual bonus amount which Mr. Green can earn for the
2010 fiscal year may range from 0 to 200 percent of his target bonus
and will be based 75 percent on the attainment of corporate
performance goals and 25 percent on his individual performance.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description of Document
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10.1 Amendment, effective as of January 1, 2010, to the Chief
Executive Officer's amended and restated employment
agreement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
SJW Corp.
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December 16, 2009 /s/ David A. Green
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David A. Green, Chief Financial
Officer and Treasurer
Exhibit
Number Description of Document
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10.1 Amendment, effective as of January 1, 2010, to the Chief
Executive Officer's amended and restated employment
agreement.