Each Committee has adopted a written Charter which sets forth its purpose, membership,
duties and responsibilities. A copy of each Charter can be found on the Company’s website at
www.pennichuck.com, under the “Board of Directors - Meetings, Minutes and Corporate
Governance” caption.
The current members of the Board Committees are as follows:
Corporate Governance Matters
Current Board of Directors. The Pennichuck Corporation Board of Directors is divided into
three classes, each class serving for three years following their election and until their successors
have been elected and qualified.
The number of Directors is currently fixed at eleven. There is a vacancy on the Board in Class B
due to the resignation of a Board member in November 2019. The Board of Directors is
nominating H. Scott Flegal for election as a Class B director to fill the vacancy in Class B.
Corporate Structure. As part of the acquisition, the corporate structure of Pennichuck
Corporation and its utility subsidiaries was retained. Under this structure, the City is the sole
shareholder of Pennichuck Corporation. Pennichuck Corporation continues to own five
corporate subsidiaries, including three regulated public utilities (Pennichuck Water Works, Inc.,
Pennichuck East Utility, Inc., and Pittsfield Aqueduct Company, Inc.), an unregulated service
company (Pennichuck Water Service Corporation), and a former real estate holding company
PENNICGHUCK®*
PENNICHUCK CORPORATION
25 Manchester Street
Merrimack, New Hampshire 03054
PROXY STATEMENT
2020 Annual Meeting of Sole Shareholder
To be Held on Saturday, May 2, 2020 at 9:00 a.m.
PENNICHUC K®
PENNICHUCK CORPORATION
25 Manchester Street
Merrimack, New Hampshire 03054
NOTICE OF ANNUAL MEETING OF SOLE SHAREHOLDER
To be Held on Saturday, May 2, 2020 at 9:00 a.m.
To the City of Nashua, New Hampshire, in its capacity as the Sole Shareholder of Pennichuck
Corporation:
PENNICHLCK” 25 MANCHESTER STREET
PO BOX 1947
MERRIMACK, NH 03054-1947
{603) 882-5191
FAX {603} 913-2305
VIA HAND DELIVERY
WWW. PENNICHUCK.COM
March 4, 2020
Ms. Lori Wilshire, President
Board of Aldermen
City of Nashua
229 Main Street
Nashua, NH 03060
Dear President Wilshire:
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Summary
CHANGE IN CONTRACT PRICE:
Original Contract Price
348,600.00
CHANGE IN CONTRACT TEMES:
Original Contract Times
Substantial completion: Oct 15, 2019
Ready for final payment: Oct 31, 2019
Net changes from previous Change Orders
$22,300.00
Net change from previous Change Orders
None
Contract Price prior to this Change Order
$71,460.00
Contract Times prior to this Change Order
Substantial completion: Oct 15, 2019
Ready for final payment: Oct 31,2019
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Jim Donchess
Mayor « City of Nashua
To: Board of Aldermen
Filed With: Sue Lovering, City Clerk
From: Jim Donchess
Date: March 25, 2020
Re: Emergency PO Request — $94,400 for Change Order 2 for 2019 Asphalt Testing
from S.W. Cole Engineering, Inc.
Pursuant to 5-90 (G) of the NRO, I have authorized Emergency Purchase Order Request
for $94,400 for Change Order 2 for 2019 Asphalt Testing from S.W. Cole.
