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 Officers

On July 15, 2019, the board of directors (the “Board”) of Mueller Water Products, Inc. (the “Company”), upon recommendation by the Company’s Nominating and Corporate Governance Committee, elected Stephen C. Van Arsdell to serve as an independent director of the Company, effective immediately. Mr. Van Arsdell will also serve as a member of the Company’s Audit Committee.

There are no arrangements or understandings between Mr. Van Arsdell and any other persons to which Mr. Van Arsdell was appointed as a director of the Company. There are no transactions in which Mr. Van Arsdell has an interest requiring disclosure under Item 404(a) of Regulation S-K.

Mr. Van Arsdell will receive compensation for his service on the Board in accordance with the Company’s standard compensatory arrangement for non-employee directors, except that, in lieu of the annual equity grant, which will not be available to Mr. Van Arsdell because of the terms of the Company’s Second Amended and Restated 2006 Stock Incentive Plan, Mr. Van Arsdell will receive an initial equity award of restricted stock units valued at $45,000. A description of the Company’s non-employee director compensation program can be found in the Company’s proxy statement on Schedule 14A under the heading “Director Compensation”, which was filed with the Securities and Exchange Commission on December 13, 2018. Mr. Van Arsdell will also enter into the Company’s standard indemnification agreement with directors.

As a result of Mr. Van Arsdell’s election to the Board, the Board now consists of ten directors.

A copy of the Company’s press release announcing Mr. Van Arsdell’s appointment is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Mueller Water Products, Inc. Exhibit
EX-99.1 2 sva-pressreleasefinal1.htm EXHIBIT 99.1 Exhibit Stephen C. Van Arsdell Appointed to Mueller Water Products’ Board of DirectorsATLANTA,…
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.