WHIRLPOOL CORPORATION (NYSE:WHR) 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 December 18, 2017, the Board of Directors (the “Board”) of Whirlpool Corporation appointed James M. Loree as a Director of Whirlpool Corporation and a member of the Board’s Audit Committee and Corporate Governance and Nominating Committee.
Mr. Loree's compensation will be consistent with that of other nonemployee directors, consisting of an annual cash retainer in the amount of $130,000, and annual equity compensation, to be paid in Whirlpool common stock, in the amount of $130,000. In addition, to the terms of the nonemployee director compensation program, Mr. Loree received a grant of 1,000 shares of Whirlpool common stock under the Amended and Restated 2010 Omnibus Stock and Incentive Plan, upon his appointment to the Board.
The press release announcing the appointment of Mr. Loree is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 5.02. Financial Statements and Exhibits.
(d): The following exhibits are being filed herewith:
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ExhibitNo. |
Exhibit |
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99.1 |
Press Release dated December 18, 2017
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WHIRLPOOL CORP /DE/ ExhibitEX-99.1 2 a12182017exhibit991pressre.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1For Immediate Release Contact: Whirlpool CorporationMedia: 269/923-7405Media@Whirlpool.comFinancial: Max Tunnicliff,…To view the full exhibit click here
About WHIRLPOOL CORPORATION (NYSE:WHR)
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems. In the United States, it market and distribute products primarily under the Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Roper, Admiral, Affresh and Gladiator brand names primarily to retailers, distributors and builders.