2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 30 AMERICAN EAGLE OUTFITTERS, INC. AMERICAN WATER WORKS COMPANY APACHE CORPORATION ARAMARK Dear Fellow Stockholders: Fiscal2017wasayearofsignificantprogress.Ourachievementsincludedrecordrevenuesofapproximately$3.8billion— rising 5% over the previous year—and our third straight year of positive comparable sales. We successfully executed againstourlong-termstrategiesand,asaresult,ourfamilyofAmericanEagleOutfitters,Inc.(“AEO”)brandscontinuedto gainmarketshareinacompetitiveretailenvironment.Weareincrediblyproudthatourfinancialresultsin2017allowedus to continue to invest in growth areas of our business and improve customer experiences across all channels. Our strong cashpositionenabledustogivebacktoourcommunitiesinneed,investinourtalentedassociatesacrosstheworld,and rewardourstockholders. ThefollowingareafewkeyhighlightsfromFiscal2017: • Afterachallengingstarttotheyear,ourteamstookquickactiontostrengthenourmerchandiseassortmentsand elevate the customer experience. These efforts, combined with better macro trends, positively impacted our results.Infact,wesawsequentialquarterlyimprovementtoouradjustedoperatingincome (1) throughouttheyear, postingyear-over-yearadjustedearningspershare (1) growthinthefourthquarter.Salestrendsalsoaccelerated, buildingtoan8%comparablesalesincreaseinthefourthquarter,ourbestperformanceoftheyear. • The American Eagle (“AE”) brand delivered annual comparable sales growth of 2%, with consistent results across men’s and women’s apparel. The team continued to drive product and marketing innovation, attaining recordsalesincreases,withthefourthquarterrepresentingthe18 th straightquarterofrecordsalesintheanchor category of bottoms. AE jeans are a significant growth vehicle for the AE brand, with our leading market share providingadistinctcompetitiveadvantage.Thismomentum,coupledwiththelaunchofournewloyaltyprogram, AEOConnected,setsthestageforcontinuedopportunitiesforbothAEandAerieaswelooktothefuture. • Aerie’s Fiscal 2017 performance was spectacular. Aerie posted a comparable sales gain of 27% last year, following a 23% gain in the previous year. The fourth quarter sales increase of 34% was the 13 th consecutive quarter of double digit growth, highlighting Aerie’s consistent success. Fiscal 2017 was a milestone year as the brandreached$500millioninsalesandexpandeditscustomerbaseatarecordpacethroughouttheyear.Aerie is truly resonating with today’s young women and has evolved into a real and relevant lifestyle brand, based on its unique brand platform of body positivity and women’s empowerment. With a meaningful presence in just 15 U.S.states,weseeatremendousrunwayforfurtherexpansion.Aerie’ssightsareclearlysetonprofitablegrowth, withalong-termgoalofreachingournextmilestoneof$1billioninsales. • Ouromni-channelinitiativesaredrivingpositiveresults.Ourstoreperformancestrengthenedthroughouttheyear, andtheteamssuccessfullycapitalizedonimprovedmalltrendsandstrongermerchandisecollectionstoregister positive brick-and-mortar comparable sales increases at both AE and Aerie during the fourth quarter. At the same time, our digital sales continued to increase, expanding by more than 20% for the year, and delivering twelve straight quarters of double-digit growth. At $1 billion in annual sales and strong profit margins, our digital channelnowrepresents26%ofoursales,withnosignsofslowing. AEO ended Fiscal 2017 in an excellent financial position, with $414 million in cash and no debt. Reflecting confidence in our growth prospects and strong cash position, in March 2018, we increased our quarterly cash dividend by 10%. In support of our commitment to our stockholders, we returned over $176 million in the form of share repurchases and dividendsinFiscal2017. At AEO, giving back is an important part of our corporate DNA. Last year, we supported youth empowerment, the environment, young women’s health, and equality. We amplified the body positivity movement through our work with the NationalEatingDisordersAssociation,helpedtoprotectmorethan138,000acresoflandthroughourpartnershipwiththe 21 st Century Conservation Service Corps, and made the single largest donation in its history to the It Gets Better Project. And when five major natural disasters unexpectedly struck, we provided support to our associates in need and donated cashandmerchandisetoaffectedcommunities. (1) SeeAppendixAofthisproxystatementforadditionaldetailontheadjustedresultsandotherimportantinformationregardingtheuseofnon- GAAPoradjustedmeasures. 2018ProxyStatement | 1 Total of 02 pages in section AMERICAN WATER WORKS COMPANY, INC. March 27, 2018 Dear AmericanWater Stockholder: I am pleasedto inviteyou to attend AmericanWater’s AnnualMeeting of Stockholderson May 11, 2018. Thisyear’s proxy statement providesyou withinformation on three important subjectmatters: namely, the annualmeeting, our executivecompensationprogram andour commitment to sound corporate governance.We haveexpandedour corporate governancedisclosurescompared to previousyears to includeour commitment andactionsinenvironmental, socialandgovernance, which weconsiderto be both a strength anddifferentiator for AmericanWater. We continueto simplifyandimprove the readabilityof our proxy statement. As wedidlast year, we haveincludedan executivesummary highlightingour operatingresults for 2017, as wellas important operationalandfinancialinformation that is includedelsewhereinthe proxy statement. We havealso continuedto present information more clearlyby usingbulletedlists, tablesandgraphics, shorter sentencesanda “plainEnglish”writingstyle throughout. We havealsoreducedor eliminated duplicativeor unnecessaryinformation wherepossible.TheBoardandI believethat these efforts reflect our ongoingcommitment to makingthe proxy statement’s information easierto read and understand. As part of our strong commitment to our investors, our Boardalongwithmanagement have continuedconstructive andopendialoguewithour investors. To this end, in2017, inadditionto over 260visits withinvestors by seniormanagement, wereceivedincreasedinputfrom our stockholderson key corporate governanceandexecutivecompensationtopics important to them. Thisprogram is describedbeginningon page13 of the proxy statement. We encourageyou to learnmore about our governanceandcompensationpractices by readingthe proxy statement andvisitingthe Investor Relationspageon our websiteat https://amwater.com. Itisimportantthatyoursharesberepresentedandvotedattheannualmeetingregardlessofhow manysharesyouown.Whetherornotyouplantoattendtheannualmeetinginperson,weencourage youtovoteyoursharesinadvanceoftheannualmeetingbyusingoneofthemethodsdescribedinthe accompanyingproxymaterials.ThankyouforyoursupportandcontinuedownershipofAmericanWater. Sincerely, George MacKenzie Chairmanof the Board DEARFELLOWSHAREHOLDERS: EverydayatAramark,wefocusondeliveringexcellencetothecustomers,consumersandcommunitiesweare privileged toserveacrosstheglobe.Ourmissionto EnrichandNourishLives iscarriedoutdailybyourassociateswho arecommittedtodreaminganddoing–neverlosingsightoftheimportanceofdelightingpeoplewherevertheylearn, work,playandrecover. Iampleasedtoreportthat2017wasanothersuccessfulyearaswemadefurtherstrides onourtransformativejourneywhiledeliveringstrongresults–ledbyadouble-digit increaseinadjustedearningspershareforthefourthconsecutiveyear.Our performancewasdrivenbymaintainingaclear-eyedfocusonourwinningstrategy: Š AcceleratingGrowth Š ActivatingProductivity Š AttractingTalent Š AchievingPortfolioOptimization AtAramark,everythingbeginswiththeprinciplethatthe‘ConsumerSetstheTable,’ meaningthatwemustunderstand,anticipateandmeettheirneedscenteredon: Quality –providingproductsfeaturingsuperioringredientsthataresourcedand preparedtherightway Health&Wellness –developingavarietyofitemsthatarefreshandgoodforyou, ledbyourgroundbreakingHealthyforLifepartnershipwiththeAmericanHeart Association Convenience –capitalizingontechnologytoenablespeedofservicethatfitswithin today’sbusyandfast-pacedschedules Personalization –tailoringandcustomizingourofferingstoberelevanttoindividual tastesandpreferences Eric J. Foss Chairman,Presidentand ChiefExecutiveOfficer Wealsocontinuedourprogressinbuildingasoundcorporategovernancestructurethatisthefoundationoffinancial integrity,shareholdertransparencyandsustainableresults.Ourcommitmenttosolicitshareholderfeedbackensures ongoingdialoguethatresultsinadoptingbestpracticesandcontinuousimprovement.Ouroutreacheffortsthisyear includedapproachingshareholdersrepresentingovertwo-thirdsofourstockownershipandledtoseveralimportant actions: • Implementingproxyaccessby-laws • Addingreturnoninvestedcapitalasaperformancemetricforourlong-termperformanceawards • Increasingtheweightingofperformanceawards Inaddition,weadvancedintheareasofBoardcompositionanddiversity,aswellasincompensationpractices.We remaincommittedtoevolvingourgovernancestructureasourcompany,theindustryandourshareholderbaseevolve. Youcanrelyonourvigilancearoundaccountability,transparencyandopendialoguewithshareholdersasahallmarkof ourgovernancepractices. Finally,weannouncedtwostrategic,financiallycompellingtransactionsthatwilldrivemeaningfulgrowthandenhance ourcompetitivepositionacrossourportfolio.WehaveacquiredAvendra,theleadinghospitalityprocurementservice providerinNorthAmericathatmanagesnearly$5billioninannualpurchasingspend.Wealsoenteredintoan agreementtoacquireAmeriPride,oneofthelargestuniformrentalandlinensupplycompaniesinNorthAmerica.These transactionsmeetourobjectivetoenhancescaleandcapabilityinourcorebusiness,andrepresentthenextstepinour commitmenttocreatingsustainablevalueforourshareholders.Welookforwardtowelcomingthehardworkingteam membersofAvendraandAmeriPridetotheAramarkfamily. Lookingforward,Iremainconfidentintheoutlookforourcompany.ThankyouforyourinvestmentinAramarkandyour ongoinginterest.Oursuccessisfueledbyyourconfidenceinus,andwecountonyoursupporttoenableourfuture success. IampleasedtoinviteyoutoattendAramark’s AnnualMeetingofShareholdersonWednesday,January 31,2018,at 10:00am/ESTatthePhiladelphiaMarriottDowntown (1201MarketStreet,Philadelphia,PA19107) .Itwillbemy pleasuretowelcomeyouandprovidedetailsaboutour2017performanceandourdedicationtodeliveringlong-term shareholdervalue.Whetherornotyouareabletoattend,yourvoiceisimportant,andwehopethatyouwillcastyour voteatyourearliestconvenience.Thankyou. Chairman,PresidentandChiefExecutive Officer Dear Fellow Shareholders, On behalf of the entire Board, I would like to thank all of our shareholders for your continued support. Over the past several years, we have been on a journey to transform Apache. Management and the Board have streamlined our portfolio, refocused the capital allocation process from volume growth to returns and value, and strategically transitioned the Company from ‘acquire and exploit’ to ‘returns-focused organic growth.’ In 2017, we continued to position the Company for long-term, profitable growth, irrespective of the oil and gas price environment: InAugust,wecompletedourstrategicexitfromCanada,aswemovetoincreasinglyweightApache’sportfoliotowardsourPermian assets—includingAlpineHigh—whichofferauniquecombinationofhighreturnsandtremendousscale. WedrovesubstantialprogressintheAlpineHigh,ournewworld-classresourceplaycontainingfivedistincthydrocarbon-bearing formationsinupto6,000feetofverticalcolumnacrossalarge,contiguousacreagefootprint.Sinceconfirmingthediscoveryin September2016,wedrilled70+wellstoverifyourunderstandingoftheplay,achievedfirstgassalestwomonthsaheadofschedule, andexceededproductiontargets. Wecontinuedtomaintainastrongfinancialpositionsupportingourdividendandcapitalprogram.Wealsoenteredintofinancial commoditycontractstofurthersupportourhighpriorityinvestmentswithoutcompromisingApache’sfinancialflexibilitygivencontinued commoditypricevolatility. Weinvestedinourextensiveinventoryofstep-outexplorationanddevelopmentopportunitiesinEgyptandtheNorthSea,generating strongcashflowfromsuchinternationalassetsandfeedingourinvestmentinApache’stop-tierPermianassets. Wecontinuetofocusonsubstantiveengagementwithourshareholdersandotherstakeholders.ManagementandtheBoardengagedinan extensivescheduleofmeetingswiththeinvestmentcommunity,holding 82meetingswithshareholders,representing58percentofApache’s sharesoutstanding,togatherfeedbackonourbusinessstrategy,corporategovernance,executivecompensationprogram,andsustainability oversight.Wealsohostednumerousothermeetings,eachfocusedonadistinctenvironmentalorsocialissue,suchascarbonassetriskor greenhousegasemissionsreporting. Feedbackgainedoverthecourseofthesediscussionscontributedtotheenhancementsdescribedinourlatestsustainabilityreport,recent changesmadetoourcompensationprogram,andourincorporationofexpandeddisclosurebelowregardingtheBoardevaluationprocess. Aswelookahead,ourteamcontinuestodrivemomentumthroughouremphasisonconsistentimprovementandinnovation,andasenseof urgency.TheBoard’sfocusoncapitalizingonthismomentumisunwavering. ThankyouforyourcontinuedinvestmentinApache. Sincerely, John E. Lowe CHAIRMANOFTHEBOARD Apache Corporation April 9, 2018