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AMERICAN WATER WORKS COMPANY, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

12/08/2021 | 07:09am EST

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain

(b) & (c) Walter J. Lynch, President and Chief Executive Officer of American Water Works Company, Inc. (the "Company") has been hospitalized and is recovering from an injury. On December 7, 2021, the Board of Directors of the Company (the "Board") executed its business continuity plan and appointed M. Susan Hardwick, 59, the Company's Executive Vice President and Chief Financial Officer, to the office of Interim Chief Executive Officer in addition to her current officer role. Ms. Hardwick will assume Mr. Lynch's authority, duties and responsibilities, including serving as the Company's principal executive officer, in addition to her role as the Company's principal financial officer, until such time as Mr. Lynch is able to reassume those responsibilities. No change was made to Ms. Hardwick's compensation as a direct result of this appointment, and Mr. Lynch remains a member of the Board and an executive officer of the Company.

Biographical and other information regarding Ms. Hardwick is included in the Company's definitive proxy statement, as filed with the Securities and Exchange Commission on March 29, 2021. Other than as described above, there are no arrangements or understandings between Ms. Hardwick and any other person pursuant to which she was selected to serve as Interim Chief Executive Officer of the Company.

A copy of the press release issued by the Company on December 8, 2021 announcing the Board's appointment has been included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements included in this Current Report on Form 8-K are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements can be identified by words with prospective meanings such as "intend," "plan," "estimate," "believe," "anticipate," "expect," "predict," "project," "propose," "assume," "forecast," "likely," "uncertain," "outlook," "future," "pending," "goal," "objective," "potential," "continue," "seek to," "may," "can," "should," "will" and "could," or the negative of such terms or other variations or similar expressions. Forward-looking statements relate to, among other things, the length of Ms. Hardwick's term of service as Interim Chief Executive Officer as indicated above. These forward-looking statements are predictions based on the Company's current expectations and assumptions regarding future events. They are not guarantees or assurances of any outcomes, performance or achievements, and readers are cautioned not to place undue reliance upon them. The forward-looking statements are subject to a number of estimates and assumptions, and known and unknown risks, uncertainties and other factors. Actual results may differ materially from those discussed in the forward-looking statements included in this Current Report on Form 8-K as a result of the factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the Securities and Exchange Commission (the "SEC") on February 24, 2021, and other filings with the SEC, and additional risks and uncertainties, including with respect to Mr. Lynch's injury and his recovery therefrom.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits to this Current Report have been provided herewith (as noted below):

  No.       Description

99.1*         Press Release, dated December 8, 2021, issued by the Company.

104         Cover Page Interactive Data File (the cover page XBRL tags are
            included and formatted as Inline XBRL).

* Filed herewith.



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