Company: AWK
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001193125-25-064607
Chunk: 19

Company: American Water Works Company, Inc.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 19
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 elimination of committees   ·   Oversees the annual evaluation of each director and the Board as a whole   ·   Develops and recommends to the Board amendments to its Corporate Governance Guidelines, and annually assesses their adequacy   ·   Considers and makes recommendations on questions of director independence   ·   Reviews the adequacy of our certificate of incorporation, bylaws and committee charters   ·   Oversees our continuing director education program   ·   Oversees, with input from the Board Chair and the current CEO, the process of CEO succession planning   ·   Recommends to the Board whether to accept or reject a director resignation upon failing to receive a majority vote of the shareholders or after a substantial change in a director’s professional responsibilities, occupation or business association |

Under the terms of its charter, the ED&CC has delegated authority to certain committees comprised of members of management to perform fiduciary, asset administration, and other administrative activities with respect to certain of the Company’s retirement and other benefit plans. Also, as authorized by the terms of the 2017 Omnibus Plan, the ED&CC has delegated authority to the CEO to grant awards under the 2017 Omnibus Plan to Company employees who are not Section 16 officers, subject to an annual maximum number of shares that may be awarded utilizing this delegated authority. In addition, the Board has designated an Emergency Executive Committee as a non-standingcommittee of the Board comprised of the Board Chair, as chair, and the chairs of each of the Board’s standing committees, as the other members, to provide for Board action in the event of an emergency or other time-sensitive matter, as determined by the Board. The Emergency Executive Committee is authorized to act on behalf of the Board as to any matter, except as to matters that cannot be delegated to a committee under Delaware law. During 2024, the Emergency Executive Committee did not meet. BOARD LEADERSHIP STRUCTURE Since February 2, 2022, Ms. Hardwick has served as our Chief Executive Officer and as a member of our Board. Mr. Griffith has been appointed to serve as our President and Chief Executive Officer, effective as of the conclusion of the annual meeting, and has been nominated for election to the Board at the annual meeting. Mr. Kurz has served as our Board Chair since May 11, 2018