Agenda

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. 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. On September 22, 2017, Paul A. Indeglia
resigned as a Director, which has resulted in a vacancy on the Board in Class B.

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.”

V2 PENNICHUCK®

PENNICHUCK CORPORATION
25 Manchester Street
Merrimack, New Hampshire 03054

PROXY STATEMENT

2018 Annual Meeting of Sole Shareholder
To be Held on Saturday, May 5, 2018 at 9:00 a.m.

VO PENNICHUCK?

PENNICHUCK CORPORATION
25 Manchester Street
Merrimack, New Hampshire 03054

NOTICE OF ANNUAL MEETING OF SOLE SHAREHOLDER
To be Held on Saturday, May 5, 2018 at 9:00 a.m.

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

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 27, 2018

Mr. Brian McCarthy, President
Board of Aldermen

City of Nashua

229 Main Street

Nashua, NH 03060

Dear President McCarthy:

R-18-022
Endorser: Mayor Jim Donchess
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS NOT TO EXCEED
THE AMOUNT OF TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000) FOR
THE FISCAL YEAR 2018 SEWER INFRASTRUCTURE PROGRAM

R-18-023
Endorser: Mayor Jim Donchess
CHANGING THE PURPOSE OF UP TO $514,000 OF UNEXPENDED BOND PROCEEDS FROM
VARIOUS WASTEWATER PROJECTS TO THE FISCAL YEAR 2018 SEWER INFRASTRUCTURE
PROGRAM

R-18-017
Endorsers:

Mayor Jim Donchess
Alderman-at-Large Lori Wilshire
Alderwoman Mary Ann Melizzi-Golja
Alderman Richard A. Dowd
Alderman Patricia Klee

APPROVING THE COST ITEMS OF A COLLECTIVE BARGAINING AGREEMENT BETWEEN

THE CITY OF NASHUA, NEW HAMPSHIRE AND U.A.W. LOCAL 2322 CLERICAL AND

TECHNICAL UNIT FROM JULY 1, 2017 THROUGH JUNE 30, 2020 AND RELATED TRANSFERS
e Budget Review Committee Recommends: Final Passage

R-18-018
Endorsers:

Mayor Jim Donchess

AGENDA MEETING OF THE BOARD OF ALDERMEN APRIL 10, 2018

1. PRESIDENT BRIAN S. McCARTHY CALLS ASSEMBLY TO ORDER

N

PRAYER OFFERED BY CITY CLERK PATRICIA PIECUCH

3. PLEDGE TO THE FLAG LED BY ALDERMAN JUNE M. CARON

4. ROLL CALL

5. REMARKS BY THE MAYOR

6. RESPONSE TO REMARKS OF THE MAYOR

7. RECOGNITIONS

8. READING OF MINUTES OF PREVIOUS MEETING AND PUBLIC HEARING

Board of Aldermen ......... 00... cece cee re tee te eee ete ete teeters, 03/27/2018