Mettler-Toledo International Inc. (NYSE:MTD) 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.
On July 5, 2017, the Board of Directors of Mettler-Toledo International Inc. (the “Company”) appointed Ms. Elisha Finney as a director of the Company, effective November 1, 2017, and determined Ms. Finney qualifies as an “independent director” for purposes of the New York Stock Exchange listing standards.
Ms. Finney’s compensation for her services as a director will be consistent with that of the Company’s other non-employee directors, as described in the Company’s annual proxy statement filed with the Securities and Exchange Commission on March 15, 2017. There are no arrangements or understandings between Ms. Finney and any other persons to which Ms. Finney was selected as a director, and there are no transactions in which Ms. Finney has an interest requiring disclosure under Item 404(a) of Regulation S-K. Ms. Finney has been named to the audit committee of the Company’s Board of Directors, effective November 1, 2017.
On July 5, 2017, the Company issued a press release announcing Ms. Finney's appointment. A copy of the press release is filed as Exhibit 99.1 to this Form 8-K.
Also on July 5, 2017, the Board of Directors resolved to increase its size from nine people to ten people. The Board of Directors will remain at ten people until the next annual meeting of stockholders, at which stockholders will vote to elect nine directors and the size of the Board of Directors will again be fixed at nine people. Francis A. Contino will not seek re-election to the Board of Directors at the next annual meeting of stockholders, in accordance with Company policy that directors not seek election after their 72nd birthday.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits
99.1Press release, dated July 5, 2017, issued by Mettler-Toledo International Inc.
METTLER TOLEDO INTERNATIONAL INC/ ExhibitEX-99.1 2 exhibit991directorappointm.htm EXHIBIT 99.1 Exhibit FOR IMMEDIATE RELEASEMETTLER-TOLEDO INTERNATIONAL INC. ANNOUNCES ELISHA FINNEY TO JOIN BOARD OF DIRECTORSCOLUMBUS,…To view the full exhibit click here
About Mettler-Toledo International Inc. (NYSE:MTD)
Mettler-Toledo International Inc. is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes. In addition, it is also a supplier of end-of-line inspection systems used in production and packaging for food, pharmaceutical and other industries. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company caters to the life science industry; food and beverage producers; food retailers; chemical, specialty chemicals, cosmetics companies, and the academic community.
