Business Context and Reporting Period
This Form 8-K Current Report was filed by Emerson Electric Co. on February 6, 2008, covering events that occurred on February 5, 2008. The filing addresses corporate governance matters, specifically the reappointment of a director and amendments to the company's Bylaws.
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 and does not contain financial performance data.
Material Changes
- Director Appointment: The Board of Directors appointed David C. Farrell to serve for an additional one-year term ending at the Annual Meeting of Stockholders in February 2009.
- Committee Roles: Mr. Farrell will continue to serve as Chairman of the Corporate Governance and Nominating Committee and as a member of the Executive, Compensation, and Finance Committees.
- Bylaw Amendment: The Board adopted amendments to the Company's Bylaws effective February 5, 2008. Specifically, Article III, Section 3 was amended to allow Mr. Farrell to serve past the standard retirement age of 72 for this additional term.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. Compensation for Mr. Farrell will continue pursuant to the Company's regular Director compensation policies as described in the 2008 Proxy Statement.
Key Facts for Investor Verification
- Verify the specific terms of the Bylaw amendment regarding director age limits in Exhibit 3.1 and 3.2.
- Confirm the exact duration of David C. Farrell's extended term (ending February 2009).
- Review the 2008 Proxy Statement for details on Director compensation policies applicable to Mr. Farrell.