IDEX CORPORATION (NYSE:IEX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December 30, 2016, IDEX Corporation (the “Company”) appointed William K. Grogan to serve as the Company’s Senior Vice President and Chief Financial Officer, effective January 1, 2017. Mr. Grogan will succeed Michael J. Yates, who has been serving as the Company’s interim Chief Financial Officer and Vice President and Chief Accounting Officer. Mr. Yates will continue in his role as Vice President and Chief Accounting Officer.

Mr. Grogan, 38, has been at the Company for five years and has served as Vice President of Finance, Operations, since 2015. Prior to that, he was Chief Financial Officer for the Company’s Health and Science Technologies and Fire, Safety and Diversified Technologies segments from 2012 to 2015. Before joining IDEX, Mr. Grogan most recently served as Director of Finance, Store Operations, at Walgreen Co. from 2011 to 2012. Mr. Grogan holds an MBA from Northwestern University’s Kellogg School of Management and an undergraduate degree in finance from Merrimack College.

The Company entered into an offer letter with Mr. Grogan on December 30, 2016 in connection with his promotion to Chief Financial Officer. to the terms of his offer letter, Mr. Grogan’s initial base salary will be $425,000, his target bonus percentage under the Company’s Management Incentive Compensation Plan will be 70%, he will be eligible for annual equity awards under the IDEX Corporation Incentive Award Plan at a value of 155% of his base salary and he will be eligible to receive other benefits generally available to the Company’s other senior executives. In addition, on January 3, 2017, the Company granted Mr. Grogan a promotional equity award consisting of (i) 5,485 shares of restricted stock with three-year cliff vesting and (ii) options to purchase 21,115 shares of common stock, which vest ratably at 25% each year as of the anniversary of the grant date.

>Mr. Grogan does not have any family relationship with any director or other executive officer of the Company, and there are no transactions in which Mr. Grogan has an interest requiring disclosure under Item 404(a) of Regulation S-K.

Item 7.01. Regulation FD Disclosure.

On January 3, 2017, the Company issued a press release announcing Mr. Grogan’s appointment as Chief Financial Officer. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 – Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release dated January 3, 2017

About IDEX CORPORATION (NYSE:IEX)
IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). With its segments, the Company maintains approximately 20 platforms, where it focuses on growth and acquisitions. The Company’s FMT segment provides flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural and energy industries. The HST segment designs, produces and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems. Its FSDP segment produces firefighting pumps and controls, rescue tools, lifting bags and other components and systems; engineered stainless steel banding and clamping devices, and precision equipment. IDEX CORPORATION (NYSE:IEX) Recent Trading Information
IDEX CORPORATION (NYSE:IEX) closed its last trading session up +0.83 at 92.06 with 378,595 shares trading hands.