Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 222

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 222
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 of American Water
preferred stock, par value $0.01 per share. As of [ ], 202[ ], there were [ ] shares of American Water common stock outstanding and no shares of American Water preferred stock have been designated or are outstanding.

Dividend Rights

Holders of American Water common stock
are entitled to participate in any dividend declared or paid by the American Water board ratably on a per share basis, subject to the rights of the holders of any outstanding American Water preferred stock.

Voting Rights; Election of Directors

Except as otherwise
required by law, holders of American Water common stock are entitled to one vote on each matter submitted for their vote at any meeting of American Water shareholders for each share of American Water common stock held as of the record date for such
meeting, including the election of directors. Holders of American Water common stock do not have cumulative voting rights. Other than with respect to director elections, except as otherwise required by law or applicable stock exchange rules, all
matters to be voted on by American Water’s shareholders must be approved by the affirmative vote of the majority of shares present in person, by remote communication, if applicable, or represented by proxy at such meeting and entitled to vote
on the subject matter. With respect to uncontested director elections, the American Water bylaws require that, to be elected, a director nominee must receive a majority of the votes cast with respect to such nominee at any meeting for the election
of directors at which a quorum is present (for this purpose, a “majority of the votes cast” means that the number of votes cast “for” a director nominee must exceed the number of votes cast “against” that nominee,
with “abstentions” and “broker non-votes” not counted as votes cast as either “for” or “against” such nominee). For contested director elections where the number
of nominees exceeds the number of directors to be elected, the American Water bylaws require that the directors shall be elected by the affirmative vote of a plurality of the votes cast by the shares represented in person or by proxy at any such
meeting and entitled to vote on the election of directors.

Nominating Directors

The Nominating/Corporate Governance Committee of the American Water board considers qualified director candidate recommendations by American Water
shareholders. A shareholder’s recommendation must include certain information set forth in the Nominating/Corporate Governance Committee’s charter and in the American Water bylaws. The Nominating/Corporate Governance Committee may seek