Business Context and Reporting Period
This Form 8-K filing by Emerson Electric Co. reports a corporate governance event dated August 7, 2012. The filing details the election of a new member to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Matthew S. Levatich, previously the President and Chief Operating Officer of Harley-Davidson Motor Company, Inc., as a Director of Emerson Electric Co. He was appointed to serve on the Compensation Committee and will stand for election at the 2013 Annual Meeting of Stockholders.
Guidance, Outlook, and Compensation
There is no guidance, outlook, or management commentary regarding business operations in this filing. Regarding compensation, Mr. Levatich will be paid on the same basis as other non-management Directors. His initial compensation includes an award of 1,240 shares of restricted stock, representing a pro rata award of $62,500 from the $125,000 annual restricted stock retainer.
Key Facts for Investor Verification
- Matthew S. Levatich was elected to the Board of Directors on August 7, 2012.
- Mr. Levatich has been appointed to the Compensation Committee.
- His initial equity compensation consists of 1,240 restricted stock shares valued at $62,500.
- He will stand for a full term election at the 2013 Annual Meeting of Stockholders.
- This filing contains no financial results or operational updates.