American Water Works Appoints New General Counsel

TL;DR

AWK just hired a new top lawyer, Mark McMurrer, starting June 10th. Big salary, big bonuses.

AI Summary

American Water Works Company, Inc. announced on June 4, 2024, the appointment of Mark W. McMurrer as Senior Vice President, General Counsel, and Corporate Secretary, effective June 10, 2024. McMurrer will receive an annual base salary of $375,000 and will be eligible for the company's annual incentive plan and long-term equity incentive awards. He previously served as Senior Vice President and General Counsel at Constellation Energy.

Why It Matters

The appointment of a new General Counsel is a significant leadership change that could impact the company's legal strategy and regulatory compliance.

Risk Assessment

Risk Level: low — This filing primarily concerns a routine executive appointment and compensation, with no immediate financial or operational risks indicated.

Key Numbers

• $375,000 — Annual Base Salary (For the newly appointed Senior Vice President, General Counsel, and Corporate Secretary.)

Key Players & Entities

• American Water Works Company, Inc. (company) — Registrant
• Mark W. McMurrer (person) — Appointed Senior Vice President, General Counsel, and Corporate Secretary
• $375,000 (dollar_amount) — Annual base salary for Mark W. McMurrer
• June 10, 2024 (date) — Effective date of Mark W. McMurrer's appointment
• Constellation Energy (company) — Previous employer of Mark W. McMurrer

FAQ

From the Filing

0001410636-24-000120.txt : 20240605 0001410636-24-000120.hdr.sgml : 20240605 20240605161324 ACCESSION NUMBER: 0001410636-24-000120 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240604 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240605 DATE AS OF CHANGE: 20240605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Water Works Company, Inc. CENTRAL INDEX KEY: 0001410636 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 510063696 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34028 FILM NUMBER: 241022148 BUSINESS ADDRESS: STREET 1: 1 WATER STREET CITY: CAMDEN STATE: NJ ZIP: 08102-1658 BUSINESS PHONE: 856-955-4001 MAIL ADDRESS: STREET 1: 1 WATER STREET CITY: CAMDEN STATE: NJ ZIP: 08102-1658 8-K 1 awk-20240604.htm FORM 8-K - GENERAL COUNSEL DESIGNATION awk-20240604 June 4, 2024 0001410636 false 0001410636 2024-06-04 2024-06-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 4, 2024 American Water Works Company, Inc. (Exact name of registrant as specified in its charter) Commission File Number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 1 Water Street Camden , NJ 08102-1658 (Address of principal executive offices, including zip code) ( 856 ) 955-4001 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common stock, par value $0.01 per share AWK New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;     Compensatory Arrangements of Certain Officers. (b)    On June 4, 2024, James H. Gallegos, Executive Vice President and General Counsel of American Water Works Company, Inc. (the “Company”), notified the Company of his retirement, effective immediately. The Company’s Board of Directors has designated Stacy A. Mitchell, previously Senior Vice President and Deputy General Counsel, as the Company’s Executive Vice President and General Counsel. Item 7.01.    Regulation FD Disclosure. On June 5, 2024, the Company issued a press release announcing that Stacy A. Mitchell had been named as the Company