Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: November 3, 2009
Subject: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year (Item 5.03).
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes
The Board of Directors adopted amendments to the Company's Bylaws effective November 3, 2009. Specifically, Article III, Section 3 was amended regarding the mandatory retirement age for Directors.
- Prior Provision: No Director permitted to stand for election or re-election after reaching age 72.
- Amendment: Allows Rozanne L. Ridgway and Vernon R. Loucks, Jr. to serve as Board members for one additional year.
- Expiration: The exception applies until the Annual Meeting of Stockholders in February 2011.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. The document is strictly a procedural report regarding corporate governance bylaws.
Key Facts for Investor Verification
- Verify the specific terms of the Bylaw amendment in Exhibit 3.1 and 3.2 attached to the filing.
- Confirm the tenure extension for Directors Rozanne L. Ridgway and Vernon R. Loucks, Jr. through February 2011.
- Note that this filing does not impact the Company's fiscal year or financial reporting periods.