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) July 28, 2005
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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.)
374 W. Santa Clara Street, San Jose, California 95113
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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 1.01 Entry into a Material Definitive Agreement.
On July 28, 2005, the Board of Directors of SJW Corp. increased
the meeting fees paid to the Chairman of its Board committees
other than its Audit committee to $2,000 for each meeting
attended. In addition, directors of SJW Corp., San Jose Water
Company and SJW Land Company will now receive meeting fees for
all telephonic board and committee meetings attended. The fees
for attendance at telephonic meetings are the same as the fees
for in person meetings. SJW Corp.'s compensation policies for
its non-employee directors are set forth in the Director
Compensation Policies attached hereto as Exhibit 10.1, which
Policies were approved by the Board of Directors of SJW Corp. on
July 28, 2005, and reflect the changes described above.
Item 5.02 Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers.
(c) On July 28, 2005, the Board of Directors of San Jose Water
Company ("SJWC"), SJW Corp.'s subsidiary, appointed Dr. R. Scott
Yoo, 54, as Chief Operating Officer of SJWC.
Dr. Yoo has been employed by SJWC since 1985. He has served as
Senior Vice President - Administration of SJWC since April 2003.
Prior to such appointment, he served as Vice President, Water
Quality, of SJWC since 1996. The position of Senior Vice
President - Administration was eliminated effective upon Dr.
Yoo's appointment as the Chief Operating Officer of SJWC. Dr.
Yoo also serves as President of Crystal Choice Water Service,
LLC, a subsidiary of SJW Corp., a position he has held since
January 2001. Dr. Yoo holds a Ph.D. in Ecology and a Masters
Degree in Water Science from the University of California at
Davis.
Dr. Yoo will receive an annual base salary equal to $270,000, and
a 2005 performance-based bonus of up to $35,000. In addition,
Dr. Yoo was granted a stock option to purchase 7,000 shares of
common stock of SJW Corp. under its Long-Term Incentive Plan.
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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August 2, 2005 /s/ Angela Yip
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Angela Yip,
Chief Financial Officer
and Treasurer
EXHIBIT INDEX
Exhibit
Number Description of Document
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10.1 Director Compensation Policies.