secwatch.observer — SEC 8-K summary
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Issuer:     American Water Works Company, Inc. (AWK)
CIK:        0001410636
Form:       8-K
Filed at:   2022-02-02T23:59:59+00:00
Accession:  0001410636-22-000034
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410636/000141063622000034/0001410636-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410636/000141063622000034/awk-20220201.htm
  HTML page:      https://secwatch.observer/filing/0001410636-22-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer