THERMON GROUP HOLDINGS, INC. (NYSE:THR) 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.
Increase in Size of the Board
The board of directors (the "Board") of Thermon Group Holdings, Inc. (the "Company"), upon recommendation from the Nominating and Corporate Governance Committee and in accordance with Section 5.01 of the Company’s second amended and restated certificate of incorporation, will increase its size from eight (8) to nine (9) directors, effective May 1, 2018.
Appointment of Linda Dalgetty
On March 21, 2018, upon recommendation from the nominating and corporate governance committee, the Board appointed Linda A. Dalgetty to serve as an independent director on the Company's Board. Her term will begin on May 1, 2018. The Company anticipates that Ms. Dalgetty will serve on the Company's audit and nominating and corporate governance committees.
There is no arrangement or understanding between Ms. Dalgetty and any other person to which she was selected as a director. There are no transactions involving the Company and Ms. Dalgetty that are required to be disclosed to Item 404(a) of RegulationS-K. Ms. Dalgetty will receive compensation for her Board service in accordance with the Company's standard compensatory arrangement for non-employee directors. A description of the compensatory arrangement for non-employee directors is set forth under the heading "Fiscal 2017 Director Compensation" in the Company’s definitive proxy statement filed with the Securities and Exchange Commission ("SEC") on June 16, 2017, which may be adjusted by the Board from time to time. We plan to enter into an indemnification agreement with Ms. Dalgetty, the form of which was previously filed with the SEC on April 1, 2011.
A copy of the press release announcing Ms. Dalgetty's appointment to the Board is filed with this report as Exhibit 99.1 and incorporated herein by reference.
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Item 9.01. |
Financial Statements and Exhibits. |
Thermon Group Holdings, Inc. ExhibitEX-99.1 2 a201704018-kpressreleasexd.htm EXHIBIT 99.1 PRESS RELEASE – DIRECTOR APPOINTMENT Exhibit THERMON APPOINTS LINDA DALGETTY TO ITS BOARD OF DIRECTORSSAN MARCOS,…To view the full exhibit click here
About THERMON GROUP HOLDINGS, INC. (NYSE:THR)
Thermon Group Holdings, Inc. is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
