8-KEarnings & ResultsOther EventsExhibits & Filings

American Water Works Company, Inc. 8-K Report, Financial Results (May 6, 2009)

Filed May 6, 2009For Securities:AWK

Summary

American Water Works Company, Inc. (AWK) filed a Form 8-K on May 6, 2009, to report on its first-quarter 2009 financial results and address a corporate governance matter. The company issued a press release on May 5, 2009, detailing its financial performance for the quarter ended March 31, 2009, which is incorporated by reference. This filing provides investors with timely updates on the company's operational and financial condition. Additionally, the report clarifies a corporate governance issue concerning Chairman George MacKenzie's service on multiple audit committees. The Board of Directors has affirmed that Mr. MacKenzie's directorships with Safeguard Scientifics, Inc., Tractor Supply Co., and C&D Technologies, Inc., including his role on their audit committees, do not impede his effectiveness on American Water's own audit committee, in accordance with NYSE requirements.

Key Highlights

  • 1AWK reported its first-quarter 2009 financial results on May 5, 2009.
  • 2The press release containing the Q1 2009 financial results is incorporated by reference.
  • 3The filing updates investors on the company's financial condition and operational performance for the period ending March 31, 2009.
  • 4A corporate governance matter regarding Chairman George MacKenzie's multiple board and audit committee memberships was addressed.
  • 5AWK's Board of Directors determined that Mr. MacKenzie's service on other companies' audit committees does not impair his ability to serve effectively on AWK's audit committee.
  • 6This determination was made in compliance with NYSE Listed Company Manual requirements.
  • 7The filing includes the press release as an exhibit (Exhibit 99.1).

Frequently Asked Questions

The primary purpose of this 8-K filing is to report American Water Works Company, Inc.'s first-quarter 2009 financial results, announced via a press release on May 5, 2009, and to address a corporate governance matter concerning its Chairman.

The detailed financial results are provided in the press release dated May 5, 2009, which is attached as Exhibit 99.1 to this Form 8-K and incorporated by reference.

The filing addresses concerns about Chairman George MacKenzie serving on the audit committees of American Water Works and three other public companies (Safeguard Scientifics, Inc., Tractor Supply Co., and C&D Technologies, Inc.).

The Board of Directors affirmatively determined that Mr. MacKenzie's simultaneous service on these multiple audit committees does not impair his ability to effectively serve on American Water's audit committee, as required by NYSE regulations.