MUELLER WATER PRODUCTS, INC. (NYSE:MWA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Effective as of December27, 2017, Mueller Water Products, Inc. (the “Corporation”) amended its existing Employment Agreement with Marietta Edmunds Zakas, Executive Vice President, Strategy, Corporate Development and Communications of the Corporation (the “Amended Agreement”). Ms.Zakas’ Amended Agreement was entered into in connection with her new position as Executive Vice President and Chief Financial Officer of the Corporation, effective January1, 2018, as previously announced by the Corporation. The Amended Agreement for Ms.Zakas increases her base salary to $375,000 per year, with a target annual incentive award of 70% of her base salary and a target long-term incentive award of $600,000.
The above summary is qualified in its entity by reference to the Amended Agreement, which is attached hereto as Exhibit 10.1, and incorporated herein by reference.
In addition, on December27, 2017, Keith L. Belknap, Executive Vice President, Business Development, General Counsel, Corporate Secretary and Chief Compliance Officer of the Corporation, notified the Corporation that he will step down to pursue other opportunities, effective January5, 2018. Mr. Belknap’s decision was not related to any disagreement with the Corporation. The Corporation plans to engage an executive search firm to identify a successor to Mr. Belknap.
| Item 5.02 | FINANCIAL STATEMENTS AND EXHIBITS. |
(d)Exhibits:
Mueller Water Products, Inc. ExhibitEX-10.1 2 d512515dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT THIS FOURTH AMENDMENT (this “Amendment”) is made and entered into as of the 27th day of December,…To view the full exhibit click here
About MUELLER WATER PRODUCTS, INC. (NYSE:MWA)
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment manufactures and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering systems, leak detection, pipe condition assessment and other products and services for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics businesses. The Company offers a range of water infrastructure, flow control and piping component system products and services in the United States and Canada.
