American Water Works Shareholders Approve Share Issuance for Essential Utilities Merger Deal

Core Viewpoint - The proposed merger between American Water Works and Essential Utilities aims to create a leading regulated U.S. water and wastewater utility, enhancing operational efficiency and infrastructure investment while maintaining affordable service for over 4.7 million customer connections across 17 states [2][5]. Company Overview - American Water Works Company, Inc. is a publicly traded utility company providing water and wastewater services in the United States, focusing on the operation, management, and maintenance of regulated systems [14]. - The company also offers complementary nonregulated services to support system reliability and customer needs [15]. Merger Details - The special meeting of shareholders was held to vote on the merger with Essential Utilities, with shareholders approving the proposal to issue shares of American Water common stock in connection with the merger agreement [4][6]. - Approximately 161.2 million shares, or about 82.6% of the outstanding shares, were represented at the meeting, satisfying the quorum requirement [5][9]. Voting Process - The voting process was conducted electronically, allowing shareholders to vote or change their votes during the meeting [11]. - Preliminary results indicated that the share issuance proposal received the affirmative vote of at least a majority of the shares present [12]. Meeting Logistics - The meeting was conducted via remote communication to ensure broad access for shareholders and the public, with an audio-only format [1][3]. - An audio-only webcast of the meeting will remain available on American Water's investor relations website for at least 30 days [6].