Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 236

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 236
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 non-votes will not be taken into account in determining the outcome of the American Water adjournment proposal.

The
vote on the American Water adjournment proposal is separate and apart from the vote to approve the share issuance proposal and is not a condition to the completion of the merger.

Recommendation

The American Water board unanimously recommends that American Water shareholders vote “FOR” the adjournment proposal.

179

ESSENTIAL PROPOSALS

PROPOSAL 1 — THE MERGER AGREEMENT PROPOSAL

Essential shareholders are being asked to consider and vote on the merger agreement proposal, a proposal to approve the merger agreement and the transactions
contemplated thereby, including the merger. For a summary and detailed information regarding the merger agreement proposal, see the information about the merger and the merger agreement throughout this joint proxy statement/prospectus, including the
information set forth in sections entitled “The Merger” beginning on page 57 and “The Merger Agreement” beginning on page 120. A copy of the merger agreement is attached as Annex A to this joint proxy
statement/prospectus.

If you sign and return a proxy and do not indicate how you wish to vote on any proposal, or if you indicate how you wish to vote on
the merger-related compensation proposal or the Essential adjournment proposal but do not indicate a choice on the merger agreement proposal, your shares will be voted in favor of the merger agreement proposal.

Approval of the merger agreement proposal by Essential shareholders is required to complete the transactions contemplated by the merger agreement. If the
merger agreement proposal is not approved, the merger will not be completed.

Required Vote

Assuming a quorum is present at the Essential special meeting, approval of the merger agreement proposal requires the affirmative vote of a majority of the
votes cast by all shareholders entitled to vote on the merger agreement proposal at the Essential special meeting. Abstentions and broker non-votes will have no effect in determining the outcome of the merger
agreement proposal.

Recommendation

The Essential board unanimously recommends that Essential shareholders vote “FOR” the merger agreement proposal.

PROPOSAL 2 — THE MERGER-RELATED COMPENSATION PROPOSAL

Under Section 14A of the Exchange Act
and Rule 14a-21(c) thereunder, Essential is required to submit a proposal to its shareholders for an advisory (non-binding) vote to approve
certain compensation that may be paid or become payable to Essential’s named executive officers in connection with the completion of the merger