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The York Water Company (NASDAQ:YORW), a utility company with impressive gross profit margins of ~74% and a market capitalization of $448 million, announced the appointment of William T. Yanavitch II as a new independent director to its Board of Directors, effective September 1, 2025. The decision was made during the company’s regularly scheduled board meeting on Monday. According to InvestingPro data, the company trades near its 52-week low of $29.86.
Mr. Yanavitch is the owner of Yanavitch & Associates, LLC, a human resources consulting firm. He retired in December 2024 as Chief Human Resources Officer for Kinsley Enterprises, a company involved in construction and real estate. Yanavitch also serves as a director with Commonwealth Fire Protection Company, KRB Machinery, DART America, and the Advisory Board for New Standard Corporation, where he chairs the Compensation Committee.
According to the company’s statement, Mr. Yanavitch will serve in a class of directors whose terms expire at the 2026 Annual Meeting of Shareholders. He will also be assigned to the Board’s Executive Committee.
The filing states there is no arrangement or understanding between Mr. Yanavitch and any other person regarding his appointment as director. Additionally, there are no transactions between Mr. Yanavitch and The York Water Company that require disclosure under Item 404(a) of Regulation S-K.
This information is based on a statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, The York Water Company has submitted a formal application to the Pennsylvania Public Utility Commission seeking an increase in water and wastewater service rates. This proposed adjustment marks the company’s first rate change request since 2022. The rate hike is intended to support ongoing investments in infrastructure, which have totaled $145 million since the last increase. These investments focus on replacing and maintaining aging infrastructure, including water mains, meters, hydrants, and service lines. The company has also expanded wastewater treatment facilities and improved dams to meet regulatory standards. Additionally, upgrades to water treatment equipment are aimed at ensuring compliance with regulations and enhancing operational resilience. York Water’s President and CEO, JT Hand, emphasized the importance of these investments for maintaining safe and reliable services. These developments reflect the company’s commitment to infrastructure improvements and regulatory compliance.
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