ITRON, INC. (NASDAQ:ITRI) 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.
(b) On July2, 2018, Itron, Inc. (the “Company”) and Shannon M. Votava, the Company’s Senior Vice President, General Counsel& Corporate Secretary agreed that she will be departing Itron to pursue new opportunities outside the Company. Ms.Votava will continue serving the Company in her current capacity through August5, 2018 to ensure a smooth transition period.
Consistent with the Company’s Executive Officer Severance Policy, adopted by the Company’s board of directors on December14, 2012, Ms.Votava will be entitled to receive severance pay equal to one year’s base salary, employer benefit premium payments or reimbursement for one year, and transitional assistance contingent upon the signing of a release of claims containing, among other things, a one-year noncompetition obligation.
About ITRON, INC. (NASDAQ:ITRI)
Itron, Inc. (Itron) is a technology and service company. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems. The Company is the supplier of gas metering solutions, including standard meters and advanced and smart metering systems. The Company is the supplier of standard and advanced water meters and communication modules. Its solutions include standard meters and advanced and smart metering products, metering systems, and services. It offers product portfolio for applications in the residential and commercial industrial markets for water and heat. It provides a portfolio of products, solutions, software and services to electric, gas, and water utility customers across the globe. The Company operates under the Itron brand across the world.
