Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 160

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 160
---
 | 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, following reasonable consultation with American Water and subject to compliance with (i) the independence requirements of the NYSE listing standards (other than 
 Mr. Franklin) and (ii) American Water’s certificate of incorporation and bylaws, corporate governance guidelines and typical procedures with respect to new directors.                                                                   |

103

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.

At the effective time, the standing
committees of the American Water board will consist of American Water’s existing standing committees. The allocation of the American Water designees and the Essential designees on the standing committees of the American Water board will be
approximately proportional in the aggregate to the representation of the American Water designees and the Essential designees on the American Water board.

Board Chair and Executive Vice Chair

The
Board Chair with respect to the American Water board (Mr. Kurz, or the individual serving in such position immediately prior to the effective time) will continue to serve in such position following the effective time. The Chief Executive
Officer of Essential (Mr. Franklin, or the individual serving in such position 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 prospective employment with American Water as of the effective time, see “—Interests of Essential Directors and Executive Officers in the Merger—New Management Arrangements” beginning on page 109.

Executive Officers

The President and Chief Executive Officer of American Water (Mr. Griffith, or the individual serving in such position immediately prior to the effective
time) will continue to serve as the President and Chief Executive Officer of American Water and as a member of the American Water board following the effective time. The individuals serving in executive vice president and senior executive positions
of American Water who report to the Chief Executive Officer of American Water immediately prior to the effective time will continue in such positions until the earlier of such individual’s resignation or removal. Additionally, Colleen M.
Arnold, President of the Aqua Division of Essential, and Daniel J. Schuller, Executive Vice President and Chief Financial Officer of Essential, will hold senior executive-level positions with American Water as President