Board Of Aldermen

Compensation and Benefits Committee. The Compensation and Benefits Committee is
responsible for annually reviewing and approving corporate goals and objectives relevant to
Chief Executive Officer compensation; evaluating the Chief Executive Officer’s performance in
light of those goals and objectives, and determining and recommending to the Board of Directors
the Chief Executive Officer’s compensation based on evaluation of performance; reviewing and
approving executive salaries; reviewing and approving any employment agreements, special

Board Committees. The Board of Directors has established four standing committees: the
Audit, Finance and Risk Committee, the Communications Committee, the Compensation and
Benefits Committee, and the Nominating and Governance Committee.

Corporate Governance Matters

Current Board of Directors. Our 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 Pennichuck Corporation Board currently has eleven directors. Of the eleven directors, four
have terms ending in 2017 (Class B), three have terms ending in 2018 (Class C), and four have
terms ending in 2019 (Class A).

January 11,2011. The New Hampshire Public Utilities Commission approved the Merger
Agreement on November 23, 2011, concluding that “the transaction is in the public interest and
will not have an adverse effect on rates, terms, service, or operation of the utilities.”

PENNICHUCK

PENNICHUCK CORPORATION
25 Manchester Street
Merrimack, New Hampshire 03054

PROXY STATEMENT

2017 Annual Meeting of Sole Shareholder
To be Held on May 6, 2017

Va PENNICHUCK

PENNICHUCK CORPORATION
25 Manchester Street
Merrimack, New Hampshire 03054

NOTICE OF ANNUAL MEETING OF SOLE SHAREHOLDER
To be Held on May 6, 2017

To the City of Nashua, New Hampshire, in its capacity as the Sole Shareholder of Pennichuck
Corporation:

VO) PENNICHUCK 25 MANCHESTER STREET

PO BOX 1947
MERRIMACK, NH 03054-1947

(603) 882-5191
FAX (603) 913-2305

VIA HAND DELIVERY WWW. PENNICHUCK.COM
March 30, 2017

Mr. Brian McCarthy, President
Board of Aldermen

City of Nashua

229 Main Street

Nashua, NH 03060

Dear President McCarthy:

HOLLIS __
MERRIMACK

GI

“ay?

PETITION/STREET ACCEPTANCE
Quo ti TA00O

DATE CJ

| certify that | have received a mylar showing the limits of the street to be accepted and that said
street has been constructed in accordance with the approved plan.

8/28/2000 . Dad
DATE G NGINEER

Petition introduced at Board of Aldermen Meeting
DATE

Public Hearing conducted by the Committee on Infrastructure:

DATE TIME PLACE

a

Northwesterly along a curve'to the left having a radius of 270.00 feet, a delta angle of 21° 38' 00" and
an arc length of 101.94 feet to a stone bound; thence
N 56° 36' 49" W, a distance of 853.00 feet to a stone bound; thence

Northwesterly along a curve to the right having a radius of 500.00 feet, a delta angle of 49° 36' 11"
and an arc length of 432.87 feet to a stone bound; thence -

N 07° 00' 39" W, a distance of 477.21 feet to a point; thence