Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers - This is the primary item being reported in the 8-K filing dated February 10, 2026 Dual Company Filing - The 8-K was filed simultaneously by both American States Water Company (parent company) and Golden State Water Company (subsidiary),…

Our analysis rates this filing BULLISH. This 8-K filing presents a routine executive compensation disclosure with no material concerns. The risk score of 2.1 and stable trend are appropriate given the nature of the filing. American States Water Company demonstrates strong governance practices…

Concern level: LOW (1.8/10).

Notable risk changes: Executive compensation adjustments for 2026: CEO base salary increased to $1,004,300 (from prior year baseline); CFO Eva G. Tang base salary set to $661,600 for 2026; Senior management compensation structure maintained across five key officers with modest annual adjustments.

The model predicts AWR will underperform the S&P 500 by about 0.0% over 30 days (model confidence 85%). This is model analysis for research, not investment advice.