Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 220

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 220
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 may seek
additional information regarding candidates proposed by shareholders and will consider all potential candidates in the same manner regardless of the source of the recommendation. See also “—Advance Notice Requirements”
beginning on page 157 for provisions governing the process by which shareholders may nominate candidates for election to the American Water board at a meeting of American Water shareholders.

156

Special Meetings of Shareholders

The American Water bylaws provide that special meetings of American Water shareholders may be called only by the American Water board pursuant to a resolution
adopted by a majority of the total number of authorized directors (whether or not there exist any vacancies in previously authorized directorships at the time any such resolution is presented to the American Water board for adoption), by the Board
Chair with respect to the American Water board, or by American Water’s secretary upon the written request of shareholders of record as of the record date for such special meeting who hold, in the aggregate, at least 15% of the voting power of
the outstanding American Water common stock at the time such request is submitted. The American Water bylaws prohibit the conduct of any business at a special meeting other than as specified in the notice for such meeting.

Advance Notice Requirements

The American Water bylaws
establish advance notice procedures with respect to shareholder proposals for annual meetings and the nomination of candidates for election as directors, other than nominations made by or at the direction of the American Water board or a committee
thereof. A shareholder who wishes to bring a matter before a meeting or submit candidates for nomination as directors must comply with American Water’s advance notice requirements and provide American Water with certain information, and, if
applicable under the American Water bylaws, provide to American Water certain agreements and undertakings. Additionally, vacancies and newly created directorships may be filled only by a vote of a majority of the members of the American Water board
then in office, even though less than a quorum, or by shareholders at the next annual meeting or any special meeting called for such purpose.

Liquidation Rights

In the event of any voluntary or
involuntary liquidation, dissolution, or winding up of American Water’s affairs, holders of American Water common stock would be entitled, after payment of the liquidation preference to all holders of any outstanding American Water preferred
stock, to participate ratably on a per share basis in American Water’s assets that are legally available for distribution to shareholders after payment of liabilities.

Proxy Access

The American Water bylaws permit any
eligible American Water shareholder or group of up to