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8-K filed February 2, 2022, 6:59 PM ET ticker AWK CIK 0001410636

leadership confidence high sentiment neutral materiality 0.70

American Water CEO Walter Lynch retires; Susan Hardwick named President and CEO

American Water Works Company, Inc.

Walter Lynch retired as President and CEO effective Feb 2, 2022; received separation agreement with 12 months' base salary of $1M plus restrictive covenants.
Susan Hardwick, previously Interim CEO and CFO, appointed President, CEO, and Board member; will continue as CFO until replacement is named.
Hardwick's compensation: $1M base salary, 110% APP target, 400% LTPP target, and $100K stipend for interim CEO service from Dec 7, 2021 to Jan 31, 2022.
Director Lloyd M. Yates retired from Board effective Feb 14, 2022 to become NiSource President and CEO; no disagreement with company.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Lloyd M. Yates

member of the Board

AWK · American Water Works Company, Inc.

Effective: 2022-02-14
Filed: February 2, 2022, 6:59 PM ET

On February 1, 2022, the Chairman of the Board and the Company received notice from Lloyd M. Yates, a member of the Board, stating that he will retire from the Board effective as of February 14, 2022.

Appointed

M. Susan Hardwick

member of the Board

AWK · American Water Works Company, Inc.

Effective: 2022-02-02
Filed: February 2, 2022, 6:59 PM ET

Ms. Hardwick was elected as a member of the Board to fill the vacancy created by the retirement of Mr. Lynch.

Departed

Walter J. Lynch

President and Chief Executive Officer

AWK · American Water Works Company, Inc.

Effective: 2022-02-02
Successor: M. Susan Hardwick
Filed: February 2, 2022, 6:59 PM ET

Walter J. Lynch, 59, President and Chief Executive Officer of American Water Works Company, Inc. (the “Company”), provided the Board of Directors (the “Board”) of the Company notice of his decision to retire as the Company’s President and Chief Executive Officer and its principal executive officer, as well as a member of the Board

Departed

Walter J. Lynch

member of the Board

AWK · American Water Works Company, Inc.

Effective: 2022-02-02
Successor: M. Susan Hardwick
Filed: February 2, 2022, 6:59 PM ET

Walter J. Lynch, 59, President and Chief Executive Officer of American Water Works Company, Inc. (the “Company”), provided the Board of Directors (the “Board”) of the Company notice of his decision to retire as the Company’s President and Chief Executive Officer and its principal executive officer, as well as a member of the Board

Appointed

M. Susan Hardwick

President and Chief Executive Officer

AWK · American Water Works Company, Inc.

Effective: 2022-02-02
Filed: February 2, 2022, 6:59 PM ET

the Board elected M. Susan Hardwick, 59, to serve as the Company’s President and Chief Executive Officer and as principal executive officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lloyd M. Yates retired as member of the Board at American Water Works Company, Inc..

Action: retired
Role: member of the Board

Exact text from the filing

On February 1, 2022, the Chairman of the Board and the Company received notice from Lloyd M. Yates, a member of the Board, stating that he will retire from the Board effective as of February 14, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

M. Susan Hardwick was elected as member of the Board at American Water Works Company, Inc..

Action: elected
Role: member of the Board

Exact text from the filing

Ms. Hardwick was elected as a member of the Board to fill the vacancy created by the retirement of Mr. Lynch.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Walter J. Lynch retired as President and Chief Executive Officer at American Water Works Company, Inc..

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

Walter J. Lynch, 59, President and Chief Executive Officer of American Water Works Company, Inc. (the “Company”), provided the Board of Directors (the “Board”) of the Company notice of his decision to retire as the Company’s President and Chief Executive Officer and its principal executive officer, as well as a member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Walter J. Lynch retired as member of the Board at American Water Works Company, Inc..

Action: retired
Role: member of the Board

Exact text from the filing

Walter J. Lynch, 59, President and Chief Executive Officer of American Water Works Company, Inc. (the “Company”), provided the Board of Directors (the “Board”) of the Company notice of his decision to retire as the Company’s President and Chief Executive Officer and its principal executive officer, as well as a member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

M. Susan Hardwick was appointed as President and Chief Executive Officer at American Water Works Company, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board elected M. Susan Hardwick, 59, to serve as the Company’s President and Chief Executive Officer and as principal executive officer.

View on SEC.gov

American Water Works Company, Inc. filing history →

Source: SEC EDGAR

accession 0001410636-22-000034

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