Emerson Electric Co. (NYSE:EMR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Emerson Electric Co. (NYSE:EMR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) On May 2, 2017, the Board of Directors of Emerson Electric Co. (the “Company”) elected Gloria A. Flach, Corporate Vice President and Chief Operating Officer of Northrop Grumman Corporation, as a Director of the Company. She will stand for election at the Company’s 2018 Annual Meeting of Stockholders. Ms. Flach was also appointed to serve as a member of the Compensation Committee and the Finance Committee.
Ms. Flach will be compensated on the same basis as all other non-management Directors of the Company, as described under “Director Compensation” in the Company’s Proxy Statement for its 2017 Annual Meeting of Stockholders. This includes an award of 1,810 shares of restricted stock, representing a $105,000 pro rata award of the $140,000 restricted stock portion of the annual retainer payable to all non-management directors.
A copy of the May 2, 2017 press release announcing Ms. Flach’s election is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description of Exhibits
99.1 Press release dated May 2, 2017
About Emerson Electric Co. (NYSE:EMR)
Emerson Electric Co. is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions. The Company’s principal production operations are electronics assembly, metal stamping, forming, casting, machining, welding, plating, heat treating, painting and assembly. In addition, the Company uses specialized production operations, including automatic and semiautomatic testing, automated material handling and storage, ferrous and nonferrous machining, and special furnaces for heat treating and foundry applications. The Company provides measurement, control and diagnostic technologies for automated industrial processes. Emerson Electric Co. (NYSE:EMR) Recent Trading Information
Emerson Electric Co. (NYSE:EMR) closed its last trading session down -1.21 at 59.16 with 3,797,116 shares trading hands.
Emerson Electric Co. is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions. The Company’s principal production operations are electronics assembly, metal stamping, forming, casting, machining, welding, plating, heat treating, painting and assembly. In addition, the Company uses specialized production operations, including automatic and semiautomatic testing, automated material handling and storage, ferrous and nonferrous machining, and special furnaces for heat treating and foundry applications. The Company provides measurement, control and diagnostic technologies for automated industrial processes. Emerson Electric Co. (NYSE:EMR) Recent Trading Information
Emerson Electric Co. (NYSE:EMR) closed its last trading session down -1.21 at 59.16 with 3,797,116 shares trading hands.
