SPX FLOW, INC. (NYSE:FLOW) 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 November 26, 2018, the Board of Directors of SPX FLOW, Inc. (the “Company”) expanded the size of the Board of Directors to nine members and elected Ms. Suzanne Rowland as an additional director. Ms. Rowland will stand for election as a director at the Company’s 2019 Annual Meeting of Stockholders, for a term expiring at the Company’s 2021 Annual Meeting of Stockholders. The Board has also appointed Ms. Rowland to serve on the Company’s Audit Committee, Compensation Committee and Nomination and Governance Committee.
For 2018, Ms. Rowland will receive a pro-rata portion of the $70,000 annual retainer for independent directors, based on her time of service this year. She will also receive a pro-rata grant of restricted stock based on her time of service prior to the 2019 Annual Meeting of Stockholders and this grant of restricted stock will be issued on the same terms as other non-employee directors.
A press release issued by the Company on November 27, 2018 announcing the election of Ms. Rowland is filed as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
Press Release issued November 27, 2018.
SPX FLOW, Inc. ExhibitEX-99.1 2 ex991-rowland.htm EXHIBIT 99.1 – ELECTION OF SUZANNE ROWLAND Exhibit Exhibit 99.1SPX FLOW Announces Election of Suzanne B. Rowland to Board of DirectorsCHARLOTTE,…To view the full exhibit click
About SPX FLOW, INC. (NYSE:FLOW)
SPX FLOW, Inc. is a global supplier of engineered solutions. The Company engineers, designs, manufactures and markets products and solutions used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems and components, as well as aftermarket components and support services. The Company operates through three segments: Food and Beverage; Power and Energy, and Industrial. The Company’s product portfolio includes pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services. It supports global industries, including food and beverage; oil and gas; power generation, including nuclear and conventional; chemical processing, and compressed air and mining. Its brands include Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital and Waukesha Cherry-Burrell.