Shareholders Foundation, Inc.

New Jersey Resources Corp (NYSE:NJR)) Investor Alert: Investigation over Executive Pay

An investigation for New Jersey Resources Corp (NYSE:NJR) investors over potential breaches of fiduciary duties by certain directors of New Jersey Resources Corp was announced and current long-term NYSE:NJR stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 01/16/2013 -- An investigation on behalf of current long term investors in shares of New Jersey Resources Corp (NYSE:NJR) was announced concerning whether certain officers and directors of New Jersey Resources Corp breached their fiduciary duties by paying certain top officials at New Jersey Resources excessive compensation.

Investors who are current long-term stockholders of shares of New Jersey Resources Corp (NYSE:NJR), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain directors and officers of New Jersey Resources Corp harmed the company by agreeing to pay certain of New Jersey Resources’ senior officers and executives excessive compensation.

New Jersey Resources Corp (NYSE:NJR) reported that its Total Revenue declined from over $3 billion for the 12 months period that ended on Sept. 30, 2011 to over $2.24 billion for the 12 months period that ended on Sept. 30, 2012 and that its Net Income for the respective time periods declined from $101.30 million to $92.88 million.

The Total Compensation of certain top officials at New Jersey Resources Corp increased between 2011 and 2012. For instance the Executive VP and CFO’s pay increased from over $823,000 in 2011 to over $1.07 million in 2012 and the Executive VP and OO’s compensation rose from over $794,000 in 2011 to over $963,000 in 2012.

Shares of New Jersey Resources Corp (NYSE:NJR) traded in December 2011 as high as $49.20 per share and declined in December 2012 to as low as $39.03 per share.

On Jan. 15, 2013, NYSE:NJR shares closed at $40.38 per share.

Those who are current long-term stockholders of New Jersey Resources Corp (NYSE:NJR) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com