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Floyd E. Wicks served as the President and CEO of American States Water Company in 2008 after over 20 years in management, showcasing his expertise in guiding water utility services. He has a solid educational background with a Bachelor's Degree...

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Floyd E. Wicks

Ex-CEO of American States Water

Education

Bachelor's in Civil Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Utilities

Born

May 15, 1943 - 81 years ago

CEO of American States Water for

8 years 11 months (Jan 2000 - Dec 2008)

Previous Experience

Various executive roles within the company

Holdings

See how much did Floyd E. Wicks make over time.

Floyd E. Wicks had significant involvement in the management of American States Water Company as he led the company in its day-to-day operations. In 2008, when he stepped down as CEO, it marked a critical shift in leadership as he...

Mar 18, 2025

Insider Trading

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AWR

100.315 shares

AWR

Dec 31, 2008

Received

Compensation History

See how much did Floyd E. Wicks make over time.

In 2008, Floyd E. Wicks earned a total compensation package of approximately $926,065. This included a salary of $592,192 and a discretionary cash bonus of $105,000, which was based on his performance and contributions to the company. He also received other benefits worth about $232,873. Interestingly, there were no stock options or grants that vested, indicating a shift in focus toward cash compensation during this period. This compensation strategy highlights how performance metrics and retention agreements can shape executive pay, particularly in public sectors where accountability is crucial. Wicks’ compensation reflects his management role in a utility company facing evolving market challenges.

Year

2008

Total Compensation

$930.07K

Salary

$592.19K

Board Justification

The compensation committee aims to attract, retain, and motivate executives by aligning their interests with those of shareholders and providing competitive compensation packages based on performance and peer benchmarking.

Bonus

$105.00K

Board Justification

Discretionary cash bonus of 18.58% of base salary for 2008, approved by the compensation committee based on performance assessments.

Other

$232.87K

Board Justification

Includes accrued vacation pay and other benefits paid out in 2008.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2008 as the focus is on cash compensation and benefits.

Performance Metrics

Discretionary bonuses based on subjective assessments of individual and executive team performance.

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