American Water adds Raffiq Nathoo as independent director, board grows to nine
American Water Works increased its board from eight to nine members and appointed Raffiq Nathoo as an independent director effective June 9, 2025. The filing describes this as a board appointment with standard non-employee director pay, and it reports no financial results or changes to company operations.
Key points
- Nathoo's term runs until the 2026 Annual Meeting of Shareholders; he joins the Audit, Finance and Risk Committee and the Safety, Environmental, Technology and Operations Committee.
- Nathoo will receive a $120,000 annual cash retainer and director stock units tied to $175,000 in annual equity compensation, prorated for his initial term.
- He must hold shares worth at least five times his annual cash retainer by June 2030.
- He has been Managing Partner of T X3 Sage Rock since August 2019 and previously worked at Blackstone from 1991 to 2014.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 09, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.