American Water Works Company, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the 2016 Annual Meeting of Stockholders held on May 13, 2016. The meeting included 159,385,467 shares represented, constituting 89.6% of issued and outstanding common stock as of the March 21, 2016 record date.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors: All nine nominees were elected for a term expiring at the 2017 Annual Meeting. Votes ranged from approximately 135.1 million to 136.3 million "For" votes per nominee.
- Executive Compensation: The advisory approval of named executive officer compensation received 133,039,461 "For" votes, 3,070,901 "Against" votes, and 452,926 "Abstain" votes.
- Auditor Ratification: The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2016 was approved with 157,254,252 "For" votes, 1,816,237 "Against" votes, and 314,978 "Abstain" votes.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the specific terms of the newly elected directors' tenure.
- Confirm the final appointment of PricewaterhouseCoopers LLP for the 2016 fiscal year.
- Note the significant number of broker non-votes (22,822,179) recorded for the director elections and executive compensation vote.