American Water Works Co. Launches Virtual Annual Report
American Water Works Company, Inc., an investor-owned U.S. water and wastewater utility company, announced on March 31 that it has launched a virtual annual report to shareholders, reducing the amount of printing traditionally associated with such materials.
Taking advantage of the Securities and Exchange Commission's innovative new Notice and Access rules, the company has posted its proxy materials and annual report on Form 10-K on a new Web site, www.amwaterannualreport.com.
"Our new interactive Web-based annual report helps American Water do its share to preserve and renew Earth's limited resources," said Donald Correll, president and chief executive officer of American Water. "Caring for our environment is a large part of helping to ensure we will have quality water for generations to come."
The company estimates it will save approximately 300 trees and 98,000 gallons of water that would have been used in the paper-making process. The virtual report, which features several individuals of the company's leadership team and 40 video segments, outlines the company's 2008 accomplishments and challenges and goals for 2009.
Founded in 1886, American Water is headquartered in Voorhees, N.J., and employs more than 7,000 professionals who provide drinking water, wastewater, and other related services to approximately 15 million people in 32 states and Ontario, Canada.