8-KLeadership ChangesExhibits & Filings

American Water Works Company, Inc. 8-K Report, Executive Changes (Jun 30, 2016)

Filed June 30, 2016For Securities:AWK

Summary

American Water Works Company, Inc. (AWK) announced the appointment of Melissa K. Wikle as its new Vice President and Controller, effective July 19, 2016. Ms. Wikle brings prior experience as Corporate Controller and Chief Accounting Officer from Columbus McKinnon Corporation. She is slated to assume the principal accounting officer duties starting August 5, 2016, with current Executive Vice President and CFO Linda G. Sullivan continuing in that role until then. This appointment is a key personnel change within the company's financial reporting structure.

Key Highlights

  • 1Appointment of Melissa K. Wikle as Vice President and Controller, effective July 19, 2016.
  • 2Ms. Wikle will assume the principal accounting officer role on August 5, 2016.
  • 3Ms. Wikle previously served as Corporate Controller and Chief Accounting Officer at Columbus McKinnon Corporation.
  • 4Ms. Wikle's compensation package includes an annual base salary of $265,000 and a $50,000 signing bonus.
  • 5Participation in the 2016 Annual Performance Plan and 2017 Long-Term Performance Plan with target payouts tied to base salary.
  • 6Equity grants totaling $105,000 comprising performance stock units, stock options, and restricted stock units.
  • 7No disclosed family relationships or material interests in transactions with the Company for Ms. Wikle.

Frequently Asked Questions

Melissa K. Wikle has been appointed as the new Vice President and Controller, effective July 19, 2016.

Ms. Wikle is intended to assume the duties of the Company's principal accounting officer effective August 5, 2016. Until then, Linda G. Sullivan, Executive Vice President and Chief Financial Officer, will continue to serve in that capacity.

Ms. Wikle's compensation includes an annual base salary of $265,000, a $50,000 cash signing bonus, participation in annual and long-term performance plans with target payouts based on her salary, and equity grants totaling $105,000.

The filing states there are no family relationships between Ms. Wikle and any director or executive officer of the Company, and she has no direct or indirect material interest in any transaction requiring reporting under Item 404(a) of Regulation S-K.