Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 402

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 402
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 repealed by the
affirmative vote of the holders of at least a majority of the outstanding shares of common stock at any regular or special meeting duly convened after notice to the shareholders of that purpose, or by a majority vote of the members of the Board of
Directors at any regular or special meeting thereof duly convened after notice to the directors of that purpose.

A-98

Exhibit C Post-Closing Governance Matters

| 1. | Parent Board Size. Prior to the Effective Time, Parent shall take all necessary action to increase the                   
 size of the Parent Board such that, at the Effective Time, the Parent Board shall be composed of fifteen (15) directors. |

| 2. | Parent Board Composition. All ten (10) of the directors on the Parent Board as of immediately prior                                                                                                                                            
 to the Effective Time (the “Parent Designees”) shall continue as directors as of the Effective Time, subject to their ability and willingness to serve. The Company shall designate five (5) of the directors of the Company who               
 are directors of the Company on the date hereof (the “Company Designees”) and, following reasonable consultation with Parent with respect to the selection of such directors, and subject to compliance by such directors with                 
 (i) the Parent Organizational Documents, (ii) Parent’s Corporate Governance Guidelines, (iii) Parent’s typical procedures with respect to new directors (including completion of Parent’s director questionnaire) and                          
 (iv) other than with respect to the Executive Vice Chair, the independence requirements of the NYSE listing standards, such individuals shall be added as directors to the Parent Board as of the Effective Time, subject to such individual’s 
 ability and willingness to serve. One (1) of the Company Designees shall be the CEO of the Company as of immediately prior to the Effective Time (the “Company CEO”). If any Company Designee is unable or unwilling to serve as               
 a director of Parent as of the Effective Time, the Company shall designate a replacement, following reasonable consultation with Parent, which replacement shall be deemed a Company Designee for all purposes of the Agreement.               |

| 3. | Parent Board Committees. As of the Effective Time, the standing committees of the Parent Board shall                                                                                                                                               
 consist of Parent’s existing committees. The allocation of the Parent Designees and the Company Designees on the committees of the Parent Board shall be approximately proportional in the aggregate to the representation of the Parent Designees 
 and the Company Designees on the Parent Board.                                                                                                                                                                                                     |

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