Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 77

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 77
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 At the American Water special meeting, American Water’s shareholders will be asked to consider and vote upon (i) the share issuance proposal and (ii) the American Water
adjournment proposal.

American Water will transact no other business at the American Water special meeting, except for business properly brought before
the American Water special meeting or any adjournment or postponement thereof by or at the direction of the American Water board.

Only the approval of the share issuance proposal is required to complete the merger.

Recommendation of the American Water Board

The American Water board has authorized, adopted, and approved the merger agreement and the completion of the transactions contemplated thereby, has determined
that the merger agreement and such contemplated transactions, including the merger and the share issuance, are advisable, fair to, and in the best interests of American Water and its shareholders, and has recommended that you vote
“FOR” the share issuance proposal and “FOR” the American Water adjournment proposal.

In the course of its decision
to approve the merger agreement and the completion of the transactions contemplated thereby, including the merger and the share issuance, the American Water board, among other things, consulted with its legal advisor, Skadden, regarding the legal
and other terms of the merger agreement, and with its financial advisor, BofA Securities, regarding the fairness of the exchange ratio to American Water from a financial point of view. For a discussion of the factors considered by the American Water
board in reaching its decision, see “The Merger—American Water Board’s Recommendations and Its Reasons for the Merger” beginning on page 67.

American Water Record Date; Outstanding Shares; Shareholders Entitled to Vote; Quorum

The record date for the American Water special meeting is [ ], 202[ ]. American Water’s shareholders of record as of the close of business on
the record date will receive notice of and will be entitled to vote at the American Water special meeting. As of [ ], 202[ ], there were [ ] shares of American Water common stock issued and outstanding and entitled to vote at the
American Water special meeting, and such shares were held by approximately [ ] holders of record.

The presence in person, by remote communication,
or by proxy duly authorized of the holders of a majority of the outstanding shares of American Water common stock entitled to vote on the share issuance proposal is necessary to constitute a quorum at the American Water special meeting. Each share
of American Water common stock outstanding on the record date entitles its holder to cast one vote