American States Water Company (AWR) Proxy filing summary

Executive summary

• The annual meeting is scheduled for May 19, 2026, to be held virtually, with a record date of March 20, 2026.

• Shareholders will vote on the election of three class III directors, approval of the 2026 Stock Incentive Plan, an advisory say-on-pay vote, and ratification of PricewaterhouseCoopers LLP as auditor.

• Proxy materials are primarily distributed electronically, with paper copies available upon request.

Voting matters and shareholder proposals

• Proposals include electing three directors, approving the 2026 Stock Incentive Plan, a say-on-pay advisory vote, and ratifying PwC as auditor.

• Board recommends voting FOR all proposals.

• Shareholders may submit proposals for the 2027 meeting between January 29 and February 18, 2027, or by December 4, 2026, under Rule 14a-8.

Board of directors and corporate governance

• Board consists of nine directors, with only the CEO as a non-independent member; all committees are chaired by independent directors.

• Board is divided into three staggered classes, each serving three-year terms.

• Annual board and committee evaluations are conducted, with outside counsel assisting in performance assessments.

• Board diversity includes gender and racial/ethnic representation, with half of independent directors being women.