Author: Newsdesk

Over $28 Million Invested in Infrastructure and $766,000 in Community Program Support

CAMDEN, N.J., June 22, 2026 /PRNewswire/ — This week marks two years since New Jersey American Water acquired the Salem City water and wastewater systems on June 25, 2024.  Over the past two years, the company has made significant progress in infrastructure improvements with over $28 million invested in system upgrades and an additional $48 million planned over the next five years to further modernize infrastructure and strengthen service reliability for residents.

“When Salem residents placed their trust in us two years ago, they did so with the expectation that we would take action and make the investments needed to strengthen their water and wastewater systems,” said Mark McDonough, president of New Jersey American Water. “We take that responsibility seriously, and through meaningful infrastructure improvements and ongoing community investment, we are proud to deliver on that promise today and for the long term.”

Since assuming ownership, New Jersey American Water has accelerated critical infrastructure improvements across Salem City’s water and wastewater systems. Major completed projects include upgrades to the Salem City Wastewater Treatment Plant and wastewater pump stations throughout the system, customer meter replacements, repainting the city’s water tank, and modernization of facilities to improve operational efficiency, safety and security. The company has also completed various equipment upgrades to better support employees and dependable service.

One of the most significant projects completed has been the fast-tracked installation of permanent PFAS treatment at the Salem Water Treatment Plant. Shortly after the acquisition, New Jersey American Water advanced design and construction of a state-of-the-art PFAS removal system to meet New Jersey’s stringent drinking water standards. Construction began in 2025 and was completed on an accelerated timeline, delivering a long-term solution to protect public health and help ensure safe, clean, and reliable drinking water for the community.

“For years, our water and wastewater systems needed significant upgrades that were beyond the City’s capacity to address on its own,” said Salem City Mayor Jody Veler. “Having New Jersey American Water step in with the expertise, resources and long-term commitment to make those improvements has been a meaningful change for our community.”

In addition to infrastructure investments, New Jersey American Water and the American Water Charitable Foundation have made meaningful contributions to the Salem community. Since 2024, more than $766,000 has been provided through grants, sponsorships, donations, and community programming to support local organizations and initiatives. This includes a $702,500 Neighborhood Tax Revitalization Credit (NRTC) grant to Stand Up for Salem, $25,000 in funding for hydration stations in Salem City schools, $25,000 in support for Salem County Inter-Agency Council of Human Services’ workforce development programs, and sponsorships of local food drives, community events, Salem Fire Department, youth sports and neighborhood initiatives.

“Like many of New Jersey’s historic cities, Salem faces long-standing challenges that require committed partners to overcome,” said Michael Gower, executive director of Stand Up for Salem. “New Jersey American Water’s ongoing support has helped strengthen local efforts to meet those challenges and better serve the people who call Salem home.”

The company’s commitment also extends to its local workforce. As part of the acquisition, Salem City utility employees transitioned to New Jersey American Water, continuing to serve the community they call home while gaining access to enhanced training, resources and career development opportunities.

“This isn’t just a job for me, this is my hometown,” said Cameron Cagle, Sewer Operator Mechanic for New Jersey American Water who transitioned from the Salem City Water Department. “It’s rewarding to be part of a team that’s committed to improving our infrastructure and supporting the community we serve every day.”

“As we look ahead, our focus remains on maintaining affordability for our customers, continuing to invest in Salem’s infrastructure, and strengthening the community we are proud to serve,” added McDonough. “Salem is an important part of New Jersey American Water’s future, and we are committed to being a trusted partner today and for generations to come.”

About New Jersey American Water

New Jersey American Water, a subsidiary of American Water (NYSE: AWK), is the largest regulated water utility in the state, providing safe, clean, reliable and affordable water and wastewater services to approximately 3 million people. For more information, visit www.newjerseyamwater.com and follow New Jersey American Water on LinkedIn, Facebook, X, and Instagram. 

About American Water Charitable Foundation

The American Water Charitable Foundation, a philanthropic non-profit organization established by American Water, focuses on three pillars of giving: Water, People, and Communities. Since 2012, the Foundation has invested over $25 million in funding through grants and matching gifts to support eligible organizations in communities served by American Water. The Foundation is funded by American Water shareholders and has no impact on customer rates. For more information, visit amwater.com/awcf.

 

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SOURCE American Water

Delivers Letter to SMHI Board Highlighting Severe Discount to NAV, Which Has a Broker-appraised Value of Greater than $20 per Share

Outlines Sequential Strategy to Unlock Value for Shareholders

BLOOMFIELD HILLS, Mich., June 22, 2026 /PRNewswire/ — Jorey Chernett, Founder of Pointilist Family Office and the largest shareholder of SEACOR Marine Holdings Inc. (NYSE: SMHI) (“SEACOR Marine” or the “Company”) owning approximately 7.2% of outstanding shares, today delivered a letter to the SMHI Board of Directors (the “Board”) calling for the evaluation of strategic alternatives, including an orderly sale of the Company or a dual-track fleet sale.

The letter addresses the severe discount to NAV, which has a broker-appraised value of greater than $20.00 per share, and the extreme structural value dislocation due to operational and utilization failures at SEACOR Marine. Chernett also outlines a disciplined, sequential strategy to unlock value for shareholders. Specifically:

• SEACOR Marine currently trades at a public market capitalization of approximately $181 million ($6.68 per share), while SEACOR has an enterprise value of more than $1 billion that is not being captured. This equity valuation represents an egregious discount to the Net Asset Value.
• To generate Free Cash Flow representative of the value of the Company’s modern fleet, execution and operational management must improve materially. Specifically, corporate overhead must be cut aggressively and immediately to preserve vital cash runway and demonstrate to the market that management is finally aligned with shareholder reality.
• Management must execute the immediate sale to a regional operator or relocate the premium liftboats in the Middle East out of the region now to maintain operational flexibility while contemporaneously pursuing a sale.
• Cash proceeds from the immediate liftboat transactions and G&A savings must be directed toward paying off a large portion of the outstanding debt. The Company’s current interest expense is an unsustainable drain, costing shareholders approximately $100,000 per day.
• The Board must pursue a sale of the highly desirable and clean fleet of PSVs and FSVs to a strategic buyer fleet for either cash or stock of the acquirer. Preserving these segments together ensures maximum leverage with strategic suitors, who can acquire the core fleet for either cash or stock of the acquirer.

The full text of the letter can be found here.

Media Contact:
ASC Advisors
Taylor Ingraham (203 992 1230)
[email protected]

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SOURCE Jorey Chernett

• Despite optimism about parenthood, unrealistic online portrayals are adding pressure for today’s young parents
• Through the new “Love Without Measure” initiative, Similac is standing with parents in promoting more authentic portrayals of parenthood and pushing back on comparison culture

ABBOTT PARK, Ill., June 22, 2026 /PRNewswire/ — Parenthood is widely anticipated as one of life’s most fulfilling journeys, yet for today’s new parents – especially Gen Z – that excitement is often met with feelings of pressure and judgment and amplified by picture-perfect social media portrayals.

Experience the interactive Multimedia News Release here: https://www.multivu.com/abbott/9402651-en-new-similac-parenthood-survey-love-without-measure-initiative

In a national survey of more than 1,000 parents and parents-to-be, Similac found a striking paradox: while 93% of respondents believe parenthood will be the most fulfilling part of life, nearly 80% feel pressure to be the “perfect” parent on social media, fueled by comparison culture.

That’s why Similac, Abbott’s decades-long infant nutrition brand, is creating the “Love Without Measure” initiative. Working with a motherhood expert and influencer moms passionate about sharing their unfiltered stories, Similac aims to meet new parents where they are at and promote more authentic, realistic accounts of parenting. The brand is calling on moms and dads to share their parenting journey stories using #LoveWithoutMeasure on social channels.

“Similac has always stood for the belief that there is no single right way to parent. A decade after shining a light on parental judgment, we’re seeing young parents, especially Gen Z, impacted by social media and comparison culture,” said Misha Pardubicka-Jenkins, U.S. vice president and general manager, pediatric nutrition at Abbott. “Similac believes in celebrating real, unfiltered parenthood and Love Without Measure is another reminder to parents that their best is more than enough—wherever they are on their journey.”

Call for Stories

To celebrate the beautiful messiness of parenthood, Similac is asking parents to share their stories using #LoveWithoutMeasure on social channels. Stories will be spotlighted, and the initiative will be supported with expert tips, content and dialogue to drive awareness and support for parents.

“Social media can be both a lifeline and a source of pressure for today’s parents,” said Dr. Morgan Cutlip, PhD in psychology and mental load expert. “While online communities can reduce isolation and offer reassurance, the highly curated nature of parenting content often fuels comparison and self–doubt. When parents are constantly exposed to idealized versions of family life, it can distort expectations and undermine confidence, even when they’re doing exactly what their child needs. What parents benefit from most are authentic, realistic stories and supportive communities – on and offline – that make space for imperfection and affirm that there is no single ‘right’ way to parent.”

Similac is also partnering with mom influencers to create and encourage more judgment-free and honest parenting posts on social media. Through this work, Similac aims to remind parents everywhere that showing up with love is what matters most—and that they are enough.

Survey: Is social media inspiration or pressure?

Social media presents a paradox for parents, especially Gen Z, who are the first true “digital natives,” having never known a world without the internet and smartphones. Many report turning to online communities for reassurance and connection.

• 78% of new parents agree that social media provides valuable support, and 82% agree it helps them feel less alone
• 55% worry about being judged if their choices don’t align with what they see online
• 81% say social media creates an idealized or unrealistic view of parenting

The data also signals a new era of parents who feel prepared and capable—but want real, relatable guidance.

• 92% of Gen Z parents say they are confident in their ability to be good parents
• 83% agree it is better to seek creators who show honest, unfiltered parenting content
• A majority of parents still look to real-life experts and relationships for trusted advice: doctors and healthcare providers (79%), parents and family members (76%) and friends who are parents (71%)

Similac’s commitment to real support

Similac believes there’s no single “right” way to parent and that families deserve consistent, judgment-free support both online and in real life. The Love Without Measure initiative aims to empower parents, normalize feelings around parenting and reassure them that their best is enough.

“Parents don’t need another glamorized highlight reel—they need to know they’re not alone,” said Pardubicka-Jenkins. “We’re here to support parents with love and real understanding, every step of the way.”

Frequently Asked Questions:

Who was surveyed?

Burson Insights, Data & Intelligence fielded the Abbott-Similac Survey of 1,002 U.S. adults ages 22-32 who are parents or plan to have children in two to three years. The survey was conducted March 26-31, 2026 online using the PureSpectrum panel. The margin of error is approximately 3.1%.

What is Similac’s Love Without Measure initiative?

Similac is launching the Love Without Measure initiative to raise awareness around the impact of comparison culture and parental judgment, often fueled by social media. By featuring creators and parents sharing unfiltered accounts of parenthood, Similac will help normalize the full emotional spectrum of parenting– its challenges, joys, and triumphs – encouraging moms and dads to trust their instincts and embrace the power of imperfection.

Where can I learn more about Love Without Measure?

Check out Similac’s Instagram, Facebook and TikTok for the latest stories and visit Similac.com for more information about the Love Without Measure initiative.

About Similac^®

For nearly 100 years, Similac has been a trusted name in infant nutrition. Backed by Abbott’s science and research, Similac is committed to supporting parents with high-quality infant nutrition that meets a wide variety of babies’ needs and parents’ preferences. Connect with us at Similac.com and on Facebook, Instagram, YouTube and TikTok.

About Abbott:

Abbott (NYSE: ABT) is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic 3 medicines. Our 122,000 colleagues serve people in more than 160 countries. Together with our foundation, Abbott Fund, we partner with trusted organizations to build programs that strengthen care, improve access and help families and communities thrive. We’re committed to building a healthier future by inspiring lifelong habits that support well-being and help to prevent chronic disease for generations to come.

Connect with us at www.abbott.com and on LinkedIn, Facebook, Instagram, X and YouTube.

 

 

 

 

 

 

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SOURCE Abbott