Company: AWK
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-064607
Chunk: 3

Company: American Water Works Company, Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 3
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 the Company’s Annual Report on Form 10-Kfor the year ended December 31, 2024, which we refer to in this proxy statement as the 2024 Form 10-K. ANNUAL MEETING INFORMATION

SUMMARY OF MATTERS TO BE VOTED UPON AT THE ANNUAL MEETING The following table summarizes the items that will be brought for a vote of our shareholders at the meeting, along with the Board’s voting recommendations and the required vote for approval.

| AMERICAN WATER | 2025 PROXY STATEMENT |     | i |

COMPANY OVERVIEW, STRATEGY AND VALUES American Water is the largest and most geographically diverse, publicly traded water and wastewater utility company in the United States, as measured by both operating revenues and population served. We provide drinking water, wastewater and other related services to approximately 14 million people in 24 states. The majority of our business is conducted through regulated utilities that provide our water and wastewater services. We also operate other businesses that provide water and wastewater services to the U.S. government on 18 military installations, as well as to municipalities. As of December 31, 2024, we employed approximately 6,700 professionals. Our strategy spans three core areas of execution for our business: operations, capitaland regulatory. Operational executioninvolves the day-to-daymanagement of our water and wastewater systems that provide safe, clean, reliable and affordable service. We focus on the quality of execution and the need to operate our systems safely, efficiently and in compliance with all environmental requirements, for the benefit of our customers. Capital executionsupports the reliability and affordability aspects of our strategy. For 2025, we plan to invest more than $3.3 billion to replace pipes and pumps, upgrade plants, and otherwise support the resiliency of our systems, as well as for acquisitions of water and wastewater systems to support growth and provide needed water quality and delivery improvements for new customers. Our capital execution requires extensive attention to planning, risk management and environmental compliance, as well as the timing and cost of our investment activity. Regulatory executionfocuses on our efforts to work with our regulators and policymakers to support the required level of investment, allow us to earn an appropriate and timely return on that investment, and help to keep our water and wastewater services affordable for customers. A substantial portion of our operations are subject to regulation by public utility commissions in the states in which they operate, with the primary goal of promoting the overall public interest by balancing the interests of customers and utility