LENNOX INTERNATIONAL INC. (NYSE:LII) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) On April 3, 2017, Roy Rumbough, the Vice President, Chief Accounting Officer and Controller of Lennox International Inc. (the “Company”) gave the Company notice of his retirement, effective May 31, 2017.

(c) On April 5, 2017, the Board of Directors of the Company appointed Chris Kosel to be Vice President, Chief Accounting Officer and Controller of the Company, effective May 1, 2017.

Mr. Kosel, 50, has been Vice President, Business Analysis and Planning for the Company since November, 2016 and previously was the Vice President, Finance and Controller or Director, Finance for the Company’s North America Commercial Business Unit since May, 2015. Mr. Kosel also served as Director, Financial Planning and Analysis for the Company’s Residential Business Unit from April, 2014 to May, 2015; Director, Finance for the Company’s Parts Plus Business Unit from August, 2012 to April, 2014 and Director of the Company’s Financial Shared Services Business Unit from April, 2008 to August, 2012.

Mr. Kosel has no family relationships with any director or executive officer of the Company, and Mr. Kosel has no understandings or arrangements with any person to which he was selected as an officer of the Company. In addition, Mr. Kosel has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934.

Mr. Kosel will continue to participate in the Company’s short-term incentive variable pay program, and long-term incentive variable pay program. Under the Company’s short-term incentive variable pay program, Mr. Kosel’s target payout opportunity will be 45% of his base salary, with a potential payout between 0% and 225% of the targeted amount. The 2017 payout of Mr. Kosel’s short-term incentive variable pay award will be pro-rated based on the effective date of his appointment.

About LENNOX INTERNATIONAL INC. (NYSE:LII)

Lennox International Inc. (LII) is a global provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets a range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment and accessories. The Commercial Heating & Cooling segment manufactures and sells unitary heating and cooling equipment used in light commercial applications. The Refrigeration segment manufactures and markets equipment for the global commercial refrigeration markets under the Heatcraft Worldwide Refrigeration name. The Company sells its products and services through a combination of direct sales, distributors and company-owned parts and supplies stores.

LENNOX INTERNATIONAL INC. (NYSE:LII) Recent Trading Information

LENNOX INTERNATIONAL INC. (NYSE:LII) closed its last trading session down -0.06 at 165.19 with 223,062 shares trading hands.