Business Context and Reporting Period
This Form 8-K Current Report was filed by Emerson Electric Co. on February 9, 2009, covering events that occurred on February 3, 2009, during the Company's Annual Meeting of Stockholders.
Key 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 corporate governance changes.
Material Changes
- Director Departure: David C. Farrell retired from the Board of Directors effective February 3, 2009. His departure was in accordance with Company Bylaws requiring directors to retire after age 72.
- Director Election: Dr. Clemens Boersig, Chairman of the Supervisory Board of Deutsche Bank AG, was elected as a new Director.
- Committee Appointments: Dr. Boersig was appointed to the Compensation Committee and the Finance Committee.
Guidance, Outlook, and Compensation
Dr. Boersig will be compensated on the same basis as other non-management Directors. His compensation includes an award of 3,450 shares of restricted stock, representing the $115,000 restricted stock portion of the annual retainer. The filing does not contain financial guidance, outlook, risk factors, or contingencies.
Investor Verification Checklist
- Verify the composition of the Board of Directors following the retirement of David C. Farrell.
- Confirm Dr. Clemens Boersig's standing for election at the 2010 Annual Meeting of Stockholders.
- Review the Company's Proxy Statement for the 2009 Annual Meeting for full details on Director Compensation.
- Check the attached press release (Exhibit 99.1) for additional context on the new director's background.