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) October 22, 2008
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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 2.02 Results of Operations and Financial Condition.
On October 22, 2008, SJW Corp. (the "Company") announced its
financial results for the quarter ended September 30, 2008. A
copy of the press release announcing these financial results is
attached hereto as Exhibit 99.1 and incorporated into this Form
8-K by reference.
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(c) Bonnie Schmidt, age 59, has been appointed Controller of San
Jose Water Company, a wholly owned subsidiary of SJW Corp.,
effective October 22, 2008. In such capacity, Ms. Schmidt will
serve as the principal accounting officer.
Prior to joining San Jose Water Company, Ms. Schmidt served as a
financial consultant since 2007. In such capacity, Ms. Schmidt
assisted companies with audit requirements and financial
reporting and also supported companies in the capacity of
interim controller. Ms. Schmidt was the Vice President of
Finance & Controller for Siemens Medical Solutions USA Inc.
(Ultrasound Division) from 2001 until 2006. Prior to that, she
held positions of Vice President and Chief Financial Officer for
Siemens Power & Distribution Systems, Inc. from 1999 until 2001
and Vice President and Corporate Controller for Siemens Medical
Solutions USA Inc. (Corporate) from 1998 until 1999. Ms.
Schmidt has a MBA degree from the University of San Francisco
and is a certified public accountant.
Ms. Schmidt will receive an annual base salary of $175,000, and
her annual performance-based target bonus is $15,000 (pro-rated
for the 2008 calendar year). The actual bonus each year may
range from zero to 150 percent of target depending on corporate
and individual performance. Ms. Schmidt will also be eligible
for participation in San Jose Water Company's employee benefit
programs and may also become entitled to certain severance
benefits under SJW Corp.'s Executive Severance Plan in the event
her employment terminates under certain defined circumstances in
connection with a change in control of SJW Corp. The principal
features of the Executive Severance Plan are summarized in the
Proxy Statement filed by the Company on March 11, 2008.
(e) On October 22, 2008, David A. Green, the Company's Chief
Financial Officer and Treasurer, was selected by the Executive
Compensation Committee of the Company's Board of Directors to
participate in San Jose Water Company's Cash Balance Executive
Supplemental Retirement Plan, effective as of January 1, 2009.
The principal features of the Cash Balance Executive Supplemental
Retirement Plan are summarized in the Form 8-K filed by the
Company on July 24, 2008, and a copy of the plan document is
attached as Exhibit 10.2 to that Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description of Document
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99.1 Press Release issued by SJW Corp., dated October 22,
2008, announcing the Third Quarter Financial Results.
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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October 22, 2008 /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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99.1 Press Release issued by SJW Corp., dated October 22,
2008, announcing the Third Quarter Financial Results.