Welbilt, Inc. (NYSE:WBT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Welbilt, Inc. (NYSE:WBT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 10, 2017, Welbilt, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Initial Form 8-K”) announcing the appointment of Brian R. Gamache to its Board of Directors (the “Board”), effective March 6, 2017. Committee assignments for Mr. Gamache had not yet been determined as of the filing of the Initial Form 8-K.
On April 28, 2017, the Board appointed Mr. Gamache to its Audit Committee and Compensation Committee, having determined that he satisfies all applicable requirements to serve on such Committees. In addition, the Board determined that Mr. Gamache qualifies as an audit committee financial expert for purposes of Item 407(d)(5) of Regulation S-K promulgated by the Securities and Exchange Commission.
In addition to the compensation outlined in the Initial Form 8-K, Mr. Gamache will receive $1,500 for each committee meeting he attends.
About Welbilt, Inc. (NYSE:WBT)
Welbilt, Inc., formerly Manitowoc Foodservice, Inc., is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service. It operates through three segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America. The EMEA segment consists of markets in Europe, Middle East and Africa, including Russia and the commonwealth of independent states. The APAC segment consists of markets in China, Singapore, Australia, India, Malaysia, Indonesia, Thailand and the Philippines. It supplies foodservice equipment to commercial and institutional foodservice operators. Its brands include Cleveland, Convotherm, Delfield, fitKitchen, Frymaster, Garland, Kolpak, Lincoln, Manitowoc Ice, Merco, Merrychef and Multiplex. Welbilt, Inc. (NYSE:WBT) Recent Trading Information
Welbilt, Inc. (NYSE:WBT) closed its last trading session down -0.20 at 20.52 with 507,181 shares trading hands.
Welbilt, Inc., formerly Manitowoc Foodservice, Inc., is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service. It operates through three segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America. The EMEA segment consists of markets in Europe, Middle East and Africa, including Russia and the commonwealth of independent states. The APAC segment consists of markets in China, Singapore, Australia, India, Malaysia, Indonesia, Thailand and the Philippines. It supplies foodservice equipment to commercial and institutional foodservice operators. Its brands include Cleveland, Convotherm, Delfield, fitKitchen, Frymaster, Garland, Kolpak, Lincoln, Manitowoc Ice, Merco, Merrychef and Multiplex. Welbilt, Inc. (NYSE:WBT) Recent Trading Information
Welbilt, Inc. (NYSE:WBT) closed its last trading session down -0.20 at 20.52 with 507,181 shares trading hands.
