American Water Works Company, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K, dated May 5, 2009, reports on American Water Works Company, Inc.'s financial results for the first quarter ended March 31, 2009. The filing also addresses a corporate governance matter regarding the Board of Directors.
Key Financial Metrics
The filing references a press release (Exhibit 99.1) containing the specific financial results for the first quarter of 2009. However, the text of this Form 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Investors must refer to the attached press release for these figures.
Material Changes
The filing does not explicitly detail material changes in financial performance versus the prior comparable period within the body text. It directs readers to the attached press release for the announcement of results.
Corporate Governance and Other Events
- Audit Committee Independence: The Board of Directors determined that Chairman George MacKenzie's simultaneous service on the audit committees of Safeguard Scientifics, Inc., Tractor Supply Co., and C&D Technologies, Inc. does not impair his ability to serve effectively on American Water Works' audit committee.
- Compliance: This determination was made in accordance with the NYSE Listed Company Manual requirements.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99.1) for specific Q1 2009 revenue, earnings, and cash flow figures.
- Verify the details of George MacKenzie's board service at other companies as disclosed in the proxy statement for the May 8, 2009 annual meeting.
- Confirm that the financial information in the press release is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.