Business Context and Reporting Period
This Form 8-K filing by EnerSys (Commission File Number 1-32253) covers the reporting period of May 18, 2009. The report addresses corporate governance changes specifically regarding 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 is limited to Item 5.02 regarding officer and director departures and appointments.
Material Changes
- Resignation: Raymond E. Mabus, Jr. resigned from the Board of Directors, the Audit Committee, and the Nominating and Corporate Governance Committee effective May 18, 2009.
- Reason for Departure: The resignation is due to Mr. Mabus' appointment as the Secretary of the United States Navy. The filing explicitly states this is not the result of any disagreement with EnerSys regarding operations, policies, or practices.
- Appointment: Effective May 19, 2009, the Board appointed Arthur T. Katsaros to the Audit Committee to fill the vacancy left by Mr. Mabus.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. No unusual items were reported.
Key Facts for Investor Verification
- Confirm the effective dates of Raymond E. Mabus, Jr.'s resignation (May 18, 2009) and Arthur T. Katsaros' appointment (May 19, 2009).
- Verify that the departure was amicable and unrelated to company operations or policy disputes.
- Check subsequent filings to confirm if Arthur T. Katsaros was appointed to any other Board committees beyond the Audit Committee.