8-KOther EventsExhibits & Filings

American Water Works Company, Inc. 8-K Report, Corporate Update (May 27, 2008)

Filed May 27, 2008For Securities:AWK

Summary

This 8-K filing from American Water Works Company, Inc. (AWK) on May 27, 2008, details the partial exercise of the underwriters' over-allotment option following the company's initial public offering (IPO). Specifically, an additional 5,173,300 shares of common stock were purchased to cover over-allotments. This event marks a significant step in the company's transition as a publicly traded entity. It's important for investors to note that all shares in the initial offering, including those from the over-allotment, were sold by a selling stockholder, RWE Aqua Holdings GmbH. Consequently, all proceeds from both the primary offering and the over-allotment option exercise went directly to RWE, not American Water Works Company itself. Following this exercise, RWE has sold a total of 63,173,300 shares.

Key Highlights

  • 1Underwriters partially exercised their over-allotment option by purchasing an additional 5,173,300 shares.
  • 2This exercise relates to American Water Works Company's recent initial public offering (IPO) of common stock.
  • 3The shares offered in the IPO and the over-allotment were all sold by a single selling stockholder, RWE Aqua Holdings GmbH.
  • 4All proceeds from the IPO and the over-allotment exercise were received by RWE Aqua Holdings GmbH, not the Company.
  • 5The closing for the over-allotment shares occurred on May 27, 2008.
  • 6Post-over-allotment exercise, RWE has sold a total of 63,173,300 shares.

Frequently Asked Questions

No, American Water Works Company did not receive any capital from the exercise of the over-allotment option. All shares were sold by the selling stockholder, RWE Aqua Holdings GmbH, and all proceeds went directly to RWE.

Initially, 58,000,000 shares were offered. With the partial exercise of the over-allotment option, an additional 5,173,300 shares were sold, bringing the total number of shares sold by RWE Aqua Holdings GmbH to 63,173,300.

RWE Aqua Holdings GmbH was the selling stockholder in this offering. This implies they were a significant owner of American Water Works Company shares prior to the IPO, and this transaction represented their divestment of a large portion of their stake.

The closing date of May 27, 2008, signifies the official completion of the sale of the over-allotment shares. This is the date on which the transaction was finalized and ownership of those shares officially transferred.