ACUITY BRANDS, INC. (NYSE:AYI) Files An 8-K Results of Operations and Financial Condition

ACUITY BRANDS, INC. (NYSE:AYI) Files An 8-K Results of Operations and Financial Condition

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Item 2.02. Results of Operations and Financial Condition.

On April 4, 2017, Acuity Brands, Inc. (the Company) issued a press
release containing information about the Company’s results of
operations for its fiscal quarter ended February 28, 2017. A copy
of the press release is attached as Exhibit 99.1 to this Current
Report on Form 8-K, which is incorporated herein by reference. The
information contained in this paragraph, as well as Exhibit 99.1
referenced herein, shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, nor shall it be
deemed incorporated by reference in any filing under the Securities
Act of 1933.
Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On March 30, 2017, the Board of Directors (the Board) of the
Company increased the size of the Board from ten to eleven members
and elected Mary A. Winston to the Board. Ms. Winston was appointed
to the class of directors whose term expires at the annual meeting
for fiscal year 2017 and was appointed to the Governance and
Compensation Committees.
Since 2016, Ms. Winston has served as President of WinsCo
Enterprises Inc., a consulting firm providing financial and board
governance advisory services. From 2012 until 2015, Ms. Winston
served as the Executive Vice President and Chief Financial Officer
of Family Dollar Stores, Inc., a general merchandise retailer that
was acquired by Dollar Tree in 2015. Ms. Winston served as Senior
Vice President and Chief Financial Officer of Giant Eagle, Inc., a
leading grocery and fuel retailer, from 2008 to 2012. She
previously served as Executive Vice President and Chief Financial
Officer of Scholastic Corporation, a global leader in publishing,
education, and media. Ms. Winston has also held executive level
positions with Visteon Corporation and Pfizer, Inc. She started her
career as a certified public accountant with a global public
accounting firm. Ms. Winston currently serves as a director of
Domtar Corporation, Dover Corporation, and SUPERVALU INC.
The Board has determined that Ms. Winston is qualified to serve as
a director on the Companys Board due to her extensive management,
operational, and financial expertise, as well as broad corporate
governance experience having served on other large corporate
boards.
Ms. Winston will participate in the standard non-employee director
compensation arrangements described in the Companys Proxy Statement
filed with the Securities and Exchange Commission (the Commission)
on November 18, 2016. In accordance with the standard compensation
arrangements, the Board of Directors approved for Ms. Winston a
restricted stock award valued at $20,000, or 97 restricted shares,
under the Companys 2012 Omnibus Stock Incentive Compensation Plan.
The award will vest ratably over three years.
As of the date of her appointment, the Company also entered into
its standard Indemnification Agreement with Ms. Winston, the form
of which was described in and filed as Exhibit 10.1 to the Companys
Current Report on Form 8-K filed with the Commission on February 9,
2010.
There is no arrangement or understanding between Ms. Winston and
any other person to which Ms. Winston was selected as a director.
Ms. Winston does not have any direct or indirect material interest
in any transaction required to be disclosed to Item 404(a) of
Regulation S-K.
Item 8.01. Other Events.
On March 30, 2017, the Board of Directors declared a quarterly
dividend of $0.13 per share. A copy of the related press release is
attached as exhibit 99.2 to this Current Report on Form 8-K, which
is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits
99.1
Press Release dated April 4, 2017
99.2
Press Release dated March 30, 2017


About ACUITY BRANDS, INC. (NYSE:AYI)

Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications. The portfolio of lighting solutions include lighting products utilizing fluorescent, light emitting diode (LED), organic LED (OLED), high intensity discharge, metal halide, and incandescent light sources to illuminate a number of applications. The solutions portfolio of the Company also includes modular wiring, LED drivers, sensors, glass and inverters sold primarily to original equipment manufacturers (OEMs). Its lighting and building management solutions are marketed under various brand names, including Lithonia Lighting and Holophane.

ACUITY BRANDS, INC. (NYSE:AYI) Recent Trading Information

ACUITY BRANDS, INC. (NYSE:AYI) closed its last trading session down -30.09 at 173.51 with 994,476 shares trading hands.

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