AI English summary of an SEC filing — figures as filed
American Water Works AWKThe company said on July 31, 2024 that its board elected John C. Griffith, 58, currently Executive Vice President and Chief Financial Officer, to serve as President effective August 1, 2024. Griffith will continue to report to Hardwick and will lead day-to-day operations.
Key points
AI summaryThe company said on July 31, 2024 that its board elected John C. Griffith, 58, currently Executive Vice President and Chief Financial Officer, to serve as President effective August 1, 2024. Griffith will continue to report to Hardwick and will lead day-to-day operations.
American Water Works said it elected David Bowler, 46, currently Senior Vice President, Deputy Chief Financial Officer and Treasurer, to serve as Executive Vice President and Chief Financial Officer and principal financial officer effective August 1, 2024.
The company said that as of August 1, 2024, M. Susan Hardwick's title will change from President and Chief Executive Officer to Chief Executive Officer, and she will remain principal executive officer and a member of the board. Chief Operating Officer Cheryl Norton will keep her current role and oversee the business development function.
The company said the Executive Development and Compensation Committee approved, effective July 30, 2024, annual base salaries of $950,000 for Griffith, $550,000 for Bowler and $710,000 for Norton for 2024. It also approved 2024 LTPP target award percentages of 340%, 160% and 245% of annual base salary, respectively, and additional 2024 LTPP awards with an approximate fair value of $530,734, $195,719 and $146,260, respectively.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
John C. Griffith Named President, Effective August 1
The company said on July 31, 2024 that its board elected John C. Griffith, 58, currently Executive Vice President and Chief Financial Officer, to serve as President effective August 1, 2024. Griffith will continue to report to Hardwick and will lead day-to-day operations.
Source · Based on the filing body and exhibits
David Bowler Promoted to Chief Financial Officer
American Water Works said it elected David Bowler, 46, currently Senior Vice President, Deputy Chief Financial Officer and Treasurer, to serve as Executive Vice President and Chief Financial Officer and principal financial officer effective August 1, 2024.
Source · Based on the filing body and exhibits
Hardwick Title Change, Norton to Oversee Business Development
The company said that as of August 1, 2024, M. Susan Hardwick's title will change from President and Chief Executive Officer to Chief Executive Officer, and she will remain principal executive officer and a member of the board. Chief Operating Officer Cheryl Norton will keep her current role and oversee the business development function.
Source · Based on the filing body and exhibits
Griffith, Bowler and Norton 2024 Pay Adjustments
The company said the Executive Development and Compensation Committee approved, effective July 30, 2024, annual base salaries of $950,000 for Griffith, $550,000 for Bowler and $710,000 for Norton for 2024. It also approved 2024 LTPP target award percentages of 340%, 160% and 245% of annual base salary, respectively, and additional 2024 LTPP awards with an approximate fair value of $530,734, $195,719 and $146,260, respectively.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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