Belden Inc. (NYSE:BDC) Files An 8-K Other Events
Item 8.01 Other Events.
release announcing that the Board of Directors of Belden Inc.
(the Board) elected John Stroup to serve as Board Chair in
addition to his current roles of President and Chief Executive
Officer. Mr. Stroup has been a director of the Company since
2005. Bryan Cressey, who has served as Board Chair since 1988
and as a director since 1985, will continue to serve on the
Board as its Lead Independent Director. The complete press
release announcing Mr. Stroups election is attached as Exhibit
99.1 to this Current Report and is incorporated herein by
reference. Effective immediately, Mr. Cresseys additional
director compensation for acting as Board Chair was reduced
from $83,500, split evenly between cash and equity
compensation, to $50,000, split evenly between cash and equity
compensation, as recognition for his service as Lead
Independent Director.
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99.1
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Company news release dated November 30, 2016, titled
Belden President and CEO John Stroup Elected Chairman of the Board |
About Belden Inc. (NYSE:BDC)
Belden Inc. (Belden) is a signal transmission solutions provider. The Company’s portfolio of signal transmission solutions provides transmission of data, sound and video for mission critical applications. The Company’s segments include Broadcast Solutions, Enterprise Connectivity Solutions, Industrial Connectivity Solutions, Industrial IT Solutions and Network Security Solutions. The Company sells its products to distributors, end users, installers and directly to original equipment manufacturers (OEMs). The Company operates in the United States, Canada, China and Germany. Its brands include Belden, Alpha Wire, Mohawk, West Penn Wire, Hirschmann, Lumberg Automation, SignalTight, GarrettCom, Poliron, Tofino, PPC, Grass Valley, ProSoft Technology and Tripwire. Belden Inc. (NYSE:BDC) Recent Trading Information
Belden Inc. (NYSE:BDC) closed its last trading session down -0.40 at 73.90 with 241,559 shares trading hands.