SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20S49
FORM 8-K
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report: December 19, 2001
MIDDLESEX WATER COMPANY
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(Exact name of registrant as specified in its charter)
NEW JERSEY 0-422 22-1114430
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1500 RONSON ROAD, P.O. BOX 1500, ISELIN, NEW JERSEY 08830
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(Address of principal executive offices, including zip code)
(732)-634-1500
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(Registrant's telephone number, including area code)
Middlesex Water Company
Item 5. 0ther Events
Middlesex Water Company (MWC) today received approval from the New Jersey
Board of Public Utilities (BPU) of its three-for-two stock dividend ("stock
split") declared by the Company's Board of Directors on October 25, 2001. The
Dividend is declared on the number of common shares that were outstanding at the
close of business on December 14, 2001. Stockholders will end up with three
shares for every two shares of Middlesex Water Company common stock they hold.
Shareholders who are not participants in the Company's Dividend
Reinvestment and Common Stock Purchase Plan will receive a stock certificate
representing the number of additional full shares to which they are entitled
under the stock split on or about January 2, 2002. Fractional shares will not be
issued in the form of a certificate. Shareholders will receive the value of the
fractional shares by check. The value of the fractional shares will be based on
the NASDAQ closing price on December 14, 2001 of $34.30 per share.
For Shareholders who reinvest all, or a portion, of their dividends, both
whole and fractional shares resulting from the split will be added to the total
shares in their account. MWC shares held by stockholders in certificate from
remain valid and need not be returned to the Company or the transfer agent as a
result of the split.
Following are the record dates of the Company's stock split since its
incorporation in 1897:
October 31, 1927 5-for-1 Stock Split
October 30, 1959 3-for-1 Stock Split
December 22, 1967 2-for-1 Stock Split
December 12, 1984 2-for-1 Stock Split
September 15, 1992 2-for-1 Stock Split
December 14, 2001 3-for-2 Stock Split
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf of the
undersigned hereunto duly authorized.
MIDDLESEX WATER COMPANY
(Registrant)
/s/ Marion F. Reynolds
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Marion F. Reynolds
Vice President, Secretary and Treasurer
Dated: December 19, 2001