Business Context and Reporting Period
This Form 8-K Current Report was filed by Emerson Electric Co. on June 4, 2019. The filing reports a corporate governance event regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on personnel changes rather than financial performance.
Material Changes
The primary material change reported is the election of Martin S. Craighead as a Director of the Company on June 4, 2019. Mr. Craighead, formerly Vice Chairman of Baker Hughes, a GE Company, was appointed to the Compensation Committee and the Corporate Governance and Nominating Committee.
Guidance, Outlook, and Compensation
Mr. Craighead will stand for election at the 2020 Annual Meeting of Shareholders. He received an award of restricted stock representing a $100,000 pro rata award of the $150,000 restricted stock portion of the annual retainer previously paid to all non-management directors. Going forward, he will be compensated on the same basis as all other non-management Directors.
Investor Verification Checklist
- Verify the full text of the press release attached as Exhibit 99.1 for additional context on the appointment.
- Review the Company's Proxy Statement for the complete details of the "Director Compensation" structure.
- Confirm Mr. Craighead's standing for election at the 2020 Annual Meeting of Shareholders.