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Shareowners Elect Six Directors at New Jersey Resources’ Annual Meeting


New Jersey Resources (NYSE: NJR), today hosted its 67th Annual Meeting, where shareowners elected James H. DeGraffenreidt Jr. to the companys board of directors for a one-year term, Gregory E. Aliff for a two-year term and re-elected Jane M. Kenny, Sharon C. Taylor, David A. Trice and Stephen D. Westhoven for new three-year terms. Shareowners also approved a non-binding advisory resolution on the compensation of NJRs named executive officers and the ratification of the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2020.

Two longtime directors, Laurence M. Downes and J. Terry Strange, retired following the meeting. Mr. Downes, who retired as CEO on September 30, 2019 after 34 years with the company, served as chairman since 1996. Mr. Strange joined the board in 2003 and served as chair of the Audit Committee for 16 years. After the meeting, lead director Donald L. Correll was named NJRs chairman and Gregory E. Aliff was appointed chair of the Audit Committee.

One of the great strengths of New Jersey Resources is the leadership and expertise of our board of directors, said Steve Westhoven, President and CEO of New Jersey Resources. I look forward to working with our board, and our new chairman, to continue to grow our company and reward the confidence our shareowners have placed in us.

We are grateful for the many contributions by Larry Downes and Terry Strange, Westhoven continued. As the longtime chairman of the board and chair of our Audit Committee, they served NJR with distinction and their leadership has made us a better company.

At the meeting, Warehouseperson Walter Jimmy Hulsart, of Brick Township, New Jersey, was recognized with the Alfred C. Koeppe Service Award. The award was created in honor of Al Koeppe, a member of NJRs board of directors who passed away in 2016, and is the highest honor NJR can bestow upon a union employee, who exemplifies a commitment to service that improves the lives of others, enhances New Jerseys communities and benefits the company.

Jimmy joined New Jersey Natural Gas, the principal subsidiary of NJR, in 2016, where he is responsible for ensuring crews have the supplies they need to maintain the distribution system and serve customers. Through his work and his actions, Jimmy has proven himself to be a person of character, courage and compassion, who always puts the needs of others before his own.

Jimmy signed up to become a living organ donor through Penn Medicines Transplant Institute to help his sister, as well someone else in need. Jimmy embodies the values Al Koeppe championed throughout his life, and NJR is proud to recognize him as the 2020 Alfred C. Koeppe Service Award recipient.

Al Koeppe believed that service is about making a difference in the lives of others, Westhoven said. Jimmy Hulsart willingness to put the needs of others ahead of his own is an inspiration and makes him a deserving recipient of this years Award.

About New Jersey Resources

NJR is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It is composed of five primary businesses:

  • New Jersey Natural Gas, NJRs principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jerseys Monmouth, Ocean, Morris, Middlesex and Burlington counties.
  • NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of nearly 300 megawatts, providing residential and commercial customers with low-carbon solutions.
  • NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
  • NJR Midstream serves customers – from local distributors and producers to electric generators and wholesale marketers – through its ownership of Leaf River Energy Center, Adelphia Gateway Pipeline Project and 50 percent equity ownership in Steckman Ridge natural gas storage facilities, as well as its 20 percent equity interest in the planned PennEast Pipeline Project.
  • NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve and initiatives such as The SAVEGREEN Project and The Sunlight Advantage. For more information about NJR:

Follow us on Twitter @NJNaturalGas. Like us on Download our free NJR investor relations app for iPad, iPhone and Android.


Michael Kinney


[email protected]


Dennis Puma


[email protected]


West End Indiana Bancshares, Inc. Announces Plan for Distribution of $36.69 per Share to Stockholders in Connection with Its Voluntary Plan of Dissolution and Complete Liquidation


West End Indiana Bancshares, Inc. (OTC PINK: WEIN) (the Company), the former holding company for West End Bank, S.B., today announced that its Board of Directors has approved a distribution of $36.69 per share to its stockholders of record as of the close of business on October 30, 2020. The payment of the distribution will be initiated on November 2, 2020. This distribution will be made in accordance with the Companys previously announced voluntary Plan of Complete Liquidation and Dissolution (the Liquidation Plan) that was approved by the Companys stockholders at a special meeting of stockholders held on April 15, 2020.

Dissolution Plan Update

The Company is continuing to wind up its operations and resolve all outstanding liabilities and creditor claims. After paying the above distribution amount, any remaining funds will be used for the payment of final dissolution expenses, the settlement of any final claims and expenses and the establishment of any necessary reserve amounts in connection with winding up the Company.

The Company expects the final winding up process to take up to three years and that the amount of any funds remaining following the completion of such process, will be nominal. After completion of the final winding up process following dissolution, the Board of Directors expects to donate any remaining funds to charitable organizations.

Removal from the OTC Pink Marketplace

The Companys common stock continues to be quoted on the OTC Pink marketplace. Upon completion of this distribution, the Company anticipates that its shares will be removed from the OTC Pink marketplace and that further trading will not be permitted. There can be no guarantee on the timing of when its shares will be removed from the OTC Pink marketplace, and the Company does not intend to provide an additional notice of its removal.

The Companys Paying Agent

The Company has appointed Computershare to serve as the Companys paying agent for the distribution. You may contact Computershare with any question about your shares and the distribution.

Below is the contact information for Computershare:

Computershare Attn: Corporate Actions P.O. Box 505004 Louisville KY 40233-5004 Phone: 1-800-546-5141

Stockholders who hold shares in book entry accounts at our transfer agent, Computershare, will receive checks in the amount of their cash distribution. Stockholders who hold shares through a broker or other DTC registered nominee will receive their cash distribution directly into their account at such broker or other nominee. Stockholders with any shares represented by certificates will receive a letter of transmittal with instructions on how to return their certificates in exchange for the cash distribution. In order to receive the $36.69 per share distribution, the stockholders who hold their shares in the form of stock certificates will be required to return their stock certificates.

Forward Looking Statements

This Press Release contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended). These statements include, but are not limited to, the anticipated timing and amount of the cash distribution to stockholders, the anticipated removal of the Companys shares from the OTC Pink marketplace, and other statements identified by words such as will, expect, intends, believe, anticipate, estimate, should, intend, plan, potential, predict project, aim, and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of the management of the Company, as well as assumptions made by, and information currently available to, such management, and involve risks and uncertainties, many of which are beyond the control of the Company and its management, and which may cause actual results to differ materially from those contained in forward-looking statements. Accordingly, you should not place reliance on such statements.

Particular uncertainties that could materially affect actual results include any risks associated with the proposed completion of the Companys Liquidation Plan, such as: (1) uncertainties as to the timing and expense related to remaining winding up and liquidation activities; (2) unexpected claims of third parties that have not yet been presented to the Company; and (3) unexpected costs, charges or expenses realized in the process of winding up.

The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive. The Company does not intend to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

John P. McBride

President and CEO

West End Indiana Bancshares, Inc.


[email protected]

Shelley D. Miller


West End Indiana Bancshares, Inc.


[email protected]

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Fast-Track the Time to Care Act: Steelworkers


The United Steelworkers union (USW) is calling on the Ontario government to commit today to fast-tracking legislation that will vastly improve care for residents of long-term care homes across the province.

Bill 13, the Time to Care Act, heads to second reading in the legislature this evening. This is the perfect time for Doug Fords Conservative government to do the right thing and pass this legislation into law, said Marty Warren, USW Director for Ontario and Atlantic Canada.

The Time to Care Act, a private members bill advanced by New Democrat MPP Theresa Armstrong, will legislate a standard of four hours of hands-on care per resident per day in long-term care homes.

The bill faces second reading this evening, with a vote by MPPs expected to follow tomorrow. However, the Official Opposition NDP and long-term care advocates are calling on the government to agree to fast-track and pass the legislation into law.

Everyone “ except to date the Ford government “ agrees that raising the minimum standard of care in Ontarios long-term care homes is vital and long overdue, Warren said.

This standard of care has even been recommended by the governments own commission that is investigating the catastrophic deaths and suffering in the long-term care system during the pandemic, he added.

What is this government waiting for?

Opposing or delaying passage of this legislation is cruel and a betrayal to residents and staff of long-term care homes across Ontario, said Audra Nixon, a personal support worker in a long-term care facility and the president of the USW District 6 Health Care Council that represents thousands of workers.

Every day this legislation is delayed is another day that our seniors are denied the level of care and dignity they deserve. It is another day that workers in under-staffed homes face impossible demands, debilitating stress and the heartbreak of witnessing first-hand the suffering of vulnerable residents they care for, Nixon said.

Marty Warren, USW Director for Ontario and Atlantic Canada, 416-243-8792

Audra Nixon, President, USW District 6 Health Care Council, 613-551-1386, [email protected]

Bob Gallagher, USW Communications, 416-544-5966, 416-434-2221, [email protected]

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CSI Proudly Joins Sustainable Packaging Coalition


Closure Systems International (CSI), a global leader in closure design, manufacturing, and high-speed application systems, has recently become a member of the Sustainable Packaging Coalition (SPC). CSI joins over 300 coalition members including The Coca-Cola Company, Keurig Dr Pepper, Unilever, Procter & Gamble and many others collectively working to advance sustainable packaging.

When it comes to sustainable closure design, CSI has led the industry with sustainable materials development and lightweight closure designs.

Membership in the SPC comes following CSIs announcement of its newest sustainable development, PolyCycle post-consumer recycled (PCR) HDPE resin, which was created specifically for food and beverage closure applications.

We look forward to collaborating with fellow member companies that share our desire to lead industry into more sustainable packaging. SPC provides a conducive environment for these packaging initiatives to come to fruition. “ Richard Burt, Vice President of Business Development at CSI.

About CSI

Closure Systems International Inc (CSI) is a global leader in designing and manufacturing innovative closures for a wide range of applications in consumer and industrial markets. In addition to high quality closures and capping equipment, CSI provides unparalleled customer and technical services for high-speed application systems. Major categories served include carbonated soft drinks, bottled water, juices, isotonics, teas, adult beverages, dairy, foods, pharmaceutical and automotive fluids.

CSIs cutting-edge closure solutions help customers maximize profits by increasing the marketability of their brands and optimizing their total cost of operations. From reducing the impact of manufacturing operations to an industry-leading suite of sustainable closure profiles, CSIs sustainability expertise and sustainable product offerings ensure customers stay on top of market trends and consumer demands.

CSI is headquartered in Indianapolis, IN, and produces 50+ billion closures annually across its 9 manufacturing sites. For more information, visit CSIs website at

Richard Burt

Vice President, Business Development

[email protected]

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