Masco Corporation (NYSE:MAS) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
Attached and incorporated herein by reference as Exhibit99 is a copy of the press release dated July27, 2017 reporting Masco Corporation’s financial results for the second quarter of 2017 and certain other information and supplemental information prepared for use in connection with the financial results for the second quarter 2017. On July27, 2017, Masco Corporation will hold an investor conference call and webcast to discuss financial results for the second quarter 2017.
This information, including the Exhibit attached hereto, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 21, 2017, Masco Corporation’s (“the Company”) Board of Directors appointed Ms. Marie A. Ffolkes as a Class I director effective September 1, 2017. She will serve on the Audit Committee and on the Corporate Governance and Nominating Committee of the Company’s Board of Directors. Ms. Ffolkes, 46, has served as the President, Industrial Gases, Americas since joining Air Products and Chemicals, Inc. (“Air Products”) in 2015. In this role, she is responsible for leading the strategy implementation and profitability of Air Products’ industrial gases operation in North and South America. Ms. Ffolkes has over twenty years of manufacturing experience and has held senior executive positions with increasing responsibilities at several companies.
There are no understandings or arrangements between Ms. Ffolkes and any other person to which Ms. Ffolkes was selected as a director of the Company. From time to time the Company and its consolidated subsidiaries purchase goods or services from Air Products and its subsidiaries. The aggregate amount of these purchases approximated $1.4 million in 2016. The Board does not believe that Ms. Ffolkes has a material interest in these transactions. In connection with her service on the Company’s Board of Directors, Ms.Ffolkes will receive compensation in accordance with the Company’s standard compensation arrangements for non-employee Directors.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
99Press Release of Masco Corporation dated July27, 2017 reporting Masco Corporation’s financial results for the second quarter 2017 and certain other information and supplemental information prepared for use in connection with the financial results for the second quarter 2017.
MASCO CORP /DE/ ExhibitEX-99 2 a8-kexhibit9906302017.htm EXHIBIT 99 Exhibit Exhibit 99 MASCO CORPORATION REPORTS SECOND QUARTER 2017 RESULTS Key Highlights •Sales for the second quarter increased 3 percent to $2.1 billion; in local currencies,…To view the full exhibit click here
About Masco Corporation (NYSE:MAS)
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products. It has a portfolio of brands, which includes KRAFTMAID, MERILLAT and PEERLESS. Its Cabinets and Related Products segment includes assembled kitchen and bath cabinets, home office workstations, entertainment centers, storage products, bookcases and kitchen utility products. Its Plumbing Products segment includes faucets, plumbing fittings and valves, showerheads and hand showers, bathtubs and shower enclosures, toilets, spas and exercise pools. Its Decorative Architectural Products segment includes paints and stains, cabinet, door, window and other hardware. Its Other Specialty Products segment includes windows, window frame components and patio doors, staple gun tackers, staples and other fastening tools.
