Business Context and Reporting Period
This Form 8-K was filed by American Water Works Company, Inc. on February 29, 2016, reporting a corporate governance event that occurred on the same date.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the immediate resignation of Mark Chesla, who served as Vice President, Controller, and the Company's principal accounting officer. He resigned from American Water Works Service Company, Inc. and all officer positions with the Company and its subsidiaries.
Management Commentary and Contingencies
Linda G. Sullivan, Executive Vice President and Chief Financial Officer, has assumed Mr. Chesla's duties as the Company's principal accounting officer on an interim basis. The filing does not disclose specific reasons for the departure, future guidance, or other risks.
Investor Verification Points
- Confirm the effective date of Mark Chesla's resignation (February 29, 2016).
- Verify the interim appointment of Linda G. Sullivan as principal accounting officer.
- Monitor subsequent filings for the permanent appointment of a successor to the Controller role.