January 26, 2022January 26, 2022American Water Works Company, Inc.0001410636false00014106362022-01-262022-01-26
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2022
American Water Works Company, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 001-34028
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Delaware
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51-0063696
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(State or other jurisdiction
of incorporation)
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(IRS Employer
Identification No.)
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1 Water Street
Camden, NJ 08102-1658
(Address of principal executive offices, including zip code)
(856) 955-4001
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading Symbol
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Name of Each Exchange on Which Registered
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Common stock, par value $0.01 per share
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AWK
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) & (c) On January 26, 2022, the Board of Directors (the “Board”) of American Water Works Company, Inc. (the “Company”) determined that Walter J. Lynch, 59, President and Chief Executive Officer of the Company, is able to reassume his duties as such. As a result, on January 26, 2022, effective January 31, 2022, the Board (i) reinstated Mr. Lynch fully to, and authorized and directed Mr. Lynch to assume, all of his authority, duties and responsibilities as the Company’s President and Chief Executive Officer and its principal executive officer, and (ii) removed M. Susan Hardwick, 59, the Company’s Interim Chief Executive Officer, Executive Vice President and Chief Financial Officer, from the office of Interim Chief Executive Officer. Ms. Hardwick continues to serve as the Company’s Executive Vice President and Chief Financial Officer and its principal financial officer.
A copy of the press release issued by the Company on January 27, 2022 related to the foregoing has been included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
(d) Exhibits.
The following exhibits to this Current Report have been provided herewith (as noted below):
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Exhibit No.
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Description
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99.1*
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104
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Cover Page Interactive Data File (the cover page XBRL tags are included and formatted as Inline XBRL).
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* Filed herewith.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AMERICAN WATER WORKS COMPANY, INC.
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Dated:
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January 27, 2022
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By:
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/s/ CHERYL NORTON
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Cheryl Norton
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Executive Vice President and Chief Operating Officer
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American Water Board of Directors Reinstates Walter Lynch as CEO effective Jan. 31, 2022
CAMDEN, N.J., Jan. 27, 2022 – American Water (NYSE: AWK), the largest publicly-traded U.S. water and wastewater utility company, announced today its Board of Directors is reinstating Walter Lynch as CEO of American Water, effective Jan. 31, 2022, after his recovery from a recent injury and hospitalization.
“We are so pleased that Walter has recovered and is ready to return to his full duties as CEO of American Water,” said Karl Kurz, chairman of American Water’s Board of Directors. “I know Walter is excited to return next week and join American Water’s management team and all the employees of American Water as they continue to provide essential water and wastewater services across the U.S.”
“I, along with the Board, also thank Susan Hardwick and the rest of the American Water management team for successfully leading American Water during this time, consistent with the company’s business continuity plan. Their leadership allowed Walter to focus on his recovery while the business operated without interruption,” added Kurz.
The Board’s action reinstates Lynch to fully assume all of his authority, duties and responsibilities as the Company’s President and Chief Executive Officer and its principal executive officer. Susan Hardwick, who was serving as Interim CEO, continues to serve as the Company’s Executive Vice President and Chief Financial Officer and its principal financial officer.
About American Water
With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs approximately 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 25 states. American Water provides safe, clean, affordable, and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
AWK-IR
Investor Contact:
Aaron Musgrave
Senior Director, Investor Relations
(856) 955-4029
aaron.musgrave@amwater.com
Media Contact:
Maureen Duffy
Senior Vice President, Communications and External Affairs
(856) 955-4163
maureen.duffy@amwater.com
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