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 Officers

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 Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 2, 2019, SPX FLOW, Inc. (the “Company”) entered into a letter agreement (the “agreement”) with its President, Power & Energy, Jose Larios (the “Executive”), with respect to certain compensation matters in connection with the proposed divestiture of the Power & Energy business segment (the “Power & Energy business”), as discussed in the Company’s Form 8-K dated May 2, 2019 reporting matters under Items 7.01 and 9.01. The agreement provides for an incentive payment to the Executive in connection with the closing of the proposed divestiture, an acceleration of one-year of the Executive’s time-based restricted stock and restricted units, and a severance payment in the event of termination of the Executive’s employment without cause by the purchaser of the Power & Energy business within one year following the closing of the proposed divestiture, in each case subject to the consummation of the proposed divestiture by a specified date and the satisfaction of other specified conditions including the Executive’s active cooperation in supporting the process for the proposed divestiture. The agreement further provides for a severance payment to the Executive in the event of termination of the Executive’s employment without cause by the Company on or prior to the same specified date.
About SPX FLOW, INC. (NYSE:FLOW)

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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.

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