WATTS WATER TECHNOLOGIES,INC. (NYSE:WTS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

WATTS WATER TECHNOLOGIES,INC. (NYSE:WTS) 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.

Story continues below

(b) On March28, 2018, Todd A. Trapp, the Company’s Chief Financial Officer, provided notice to the Company of his decision to resign from the Company in order to pursue another opportunity. Mr.Trapp’s resignation will be effective as of April6, 2018. The Company has initiated a search for the Company’s next Chief Financial Officer.

(c) Effective April6, 2018, the Board of Directors of the Company has appointed the Company’s current President and Chief Executive Officer, Robert J. Pagano,Jr., age 55, to serve as interim Chief Financial Officer of the Company in addition to his ongoing responsibilities as President and Chief Executive Officer.

Robert J. Pagano,Jr. has served as Chief Executive Officer, President and a Director of our Company since May2014. He also previously served as interim Chief Financial Officer from October2014 to April2015. Mr.Pagano served as Senior Vice President of ITT Corporation and President,ITT Industrial Process from April2009 to May2014. Mr.Pagano originally joined ITT in 1997 and served in several additional management roles during his career at ITT, including as Vice President Finance, Corporate Controller, and President of Industrial Products. ITT Corporation is a diversified manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Prior to joining ITT, Mr.Pagano worked at KPMG LLP. Mr.Pagano is a Certified Public Accountant. Mr.Pagano has also served as a member of the Board of Directors of Applied Industrial Technologies,Inc. since August2017. Applied Industrial Technologies is a distributor of bearings, power transmission products, fluid power components and other industrial supplies and provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services.

A copy of the Company’s press release announcing Mr.Trapp’s resignation and Mr.Pagano’s appointment as interim Chief Financial Officer is being filed as Exhibit99 to this report.

Item 9.01. Financial Statements and Exhibits

(d)Exhibits.

ExhibitNumber

Description

99.1

Press Release dated March30, 2018.


WATTS WATER TECHNOLOGIES INC Exhibit
EX-99.1 2 a18-9315_1ex99d1.htm EX-99.1 Exhibit 99.1     Contact: Timothy M. MacPhee     Vice President of Investor     Relations       Telephone: (978) 688-1811   Fax: (978) 688-2976   Watts Water Technologies Announces Departure of Chief Financial Officer   North Andover,…
To view the full exhibit click here

About WATTS WATER TECHNOLOGIES,INC. (NYSE:WTS)

Watts Water Technologies, Inc. (Watts) is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co., is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it. The Company’s operating segments include Americas, EMEA and Asia-Pacific. The Company distributes its products through primary distribution channels, including wholesale, original equipment manufacturers (OEMs) and do-it-yourself (DIY). The Company offers a range of products in terms of design distinction, size and configuration. It offers products in four product lines, including residential and commercial flow control products; heating, ventilation and air conditioning (HVAC) and gas products; drainage and water re-use products, and water quality products.

WATTS WATER TECHNOLOGIES,INC. (NYSE:WTS) Recent Trading Information

WATTS WATER TECHNOLOGIES,INC. (NYSE:WTS) closed its last trading session up +0.25 at 77.70 with shares trading hands.

An ad to help with our costs