Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 187

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 187
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 of the applicable performance
period.

Articles of Incorporation and Bylaws of the Surviving Corporation

At the effective time, each of the articles of incorporation and the bylaws of Essential as in effect immediately prior to the effective time will be amended
and restated in their entirety in the forms set forth on Exhibit A and

123

Exhibit B to the merger agreement, respectively (with, to the fullest extent permitted by applicable law, such changes as American Water and Essential may agree in writing prior to the effective time), and as so amended and restated, will be the articles of incorporation and bylaws of the surviving corporation until thereafter amended as provided therein or by applicable law. Certificate of Incorporation and Bylaws of American Water The American Water bylaws and American Water certificate of incorporation shall remain in effect and will not be amended or modified in connection with the merger or any of the other transactions contemplated by the merger agreement until thereafter amended as provided therein or by applicable law. American Water Board After the Merger; Committees of the American Water Board Prior to the effective time, American Water will take all necessary action to increase the size of the American Water board such that, at the effective time, the American Water board will be comprised of 15 directors, which will include the 10 directors serving on the American Water board as of immediately prior to the effective time, who are referred to collectively as the American Water designees, and, following reasonable consultation with American Water, five directors selected by Essential from directors on the Essential board as of the date of the merger agreement, who are referred to collectively as the Essential designees. If any Essential designee is unable or unwilling to serve as a director on the American Water board as of the effective time, Essential will designate a replacement, following reasonable consultation with American Water. The Board Chair with respect to the American Water board as of immediately prior to the effective time will continue to serve in such position following the effective time. Upon the completion of the merger, Mr. Griffith (or the Chief Executive Officer of American Water immediately prior to the effective time) will continue to serve as a director and President and Chief Executive Officer of American Water, and Mr. Franklin (or the Chief Executive Officer of Essential immediately prior to the effective time) will serve as Executive Vice Chair of the American Water board for a period of two years following the effective time. For additional information regarding the terms of Mr. Franklin’s go-forwardemployment with American Water, see “ The Merger —Interests of Directors and Executive Officers in the