Woodward, Inc. (NASDAQ:WWD) 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.

The Board of Directors (the “Board”) of Woodward, Inc. (“Woodward”) has appointed Eileen P. Drake and Daniel G. Korte to serve on the Board, effective immediately. Ms. Drake and Mr. Korte were each also appointed to the Audit Committee of the Board. Mr. Korte will be included in the class of directors who have been elected to hold office until Woodward’s 2017 annual meeting of stockholders (to be held in or about January 2018) and until their successors have been duly elected and qualified. Ms. Drake will be included in the class of directors who have been elected to hold office until Woodward’s 2018 annual meeting of stockholders (to be held in or about January 2019) and until their successors have been duly elected and qualified. In connection with these appointments, the Board increased the approved number of its directors from 9 to 11.

Ms. Drake and Mr. Korte will each receive the same cash compensation for service as a director as is provided to Woodward’s other directors (prorated for the balance of Woodward’s fiscal year 2017), as described in “Director Compensation” contained on page 24 of Woodward’s Proxy Statement dated December 9, 2016 filed with the Securities and Exchange Commission, which description is hereby incorporated by reference herein. In addition, Ms. Drake and Mr. Korte were each granted options to purchase 3,500 shares of Woodward common stock at an exercise price equal to the stock’s closing price on the NASDAQ on February 15, 2017, the date of grant.

Item 9.01. Financial Statements and Exhibits.

(a) Financial statements: None (b) Pro forma financial information: None (c) Shell company transactions: None (d) Exhibits 99.1 Press Release of Woodward, Inc. dated February 16, 2017 99.2 Press Release of Woodward, Inc. dated February 16, 2017

About Woodward, Inc. (NASDAQ:WWD)

Woodward, Inc. is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control. The Company’s Industrial segment designs, produces and services systems and products for the management of fuel, air, fluids, gases, electricity, motion and combustion. The Company has production and assembly facilities in the United States, Europe and Asia and South America, and promotes its products and services throughout the world. The Company offers solutions for the aerospace, industrial and energy markets. The Company focuses primarily on serving original equipment manufacturers (OEMs) and equipment packagers.

Woodward, Inc. (NASDAQ:WWD) Recent Trading Information

Woodward, Inc. (NASDAQ:WWD) closed its last trading session down -0.56 at 69.83 with 105,101 shares trading hands.