Business Context and Reporting Period
Leslie’s, Inc. filed this Current Report on Form 8-K on August 13, 2021, under Item 5.02. The filing reports a change in the company’s board of directors; it does not present financial results for a reporting period.
Material Corporate Change
- On August 11, 2021, the board increased its size from nine to ten members.
- James Ray, Jr. was elected to the board effective August 13, 2021.
- Mr. Ray was appointed to the Nominating and Corporate Governance Committee and the Compensation Committee.
- He will receive compensation consistent with the company’s other non-employee directors, as determined by the board.
Financial Metrics, Liquidity, and Debt
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial metrics.
Management Commentary, Outlook, and Risks
The filing does not provide guidance, operating outlook, risk-factor updates, contingencies, or unusual financial items. It states that there were no arrangements or understandings relating to Mr. Ray’s selection as a director and no material interest requiring disclosure under Item 404(a) of Regulation S-K.
Director Background
Mr. Ray, age 57, held leadership positions at Stanley Black & Decker from 2013 to 2020, most recently as President of STANLEY Engineered Fastening. He previously served at TE Connectivity and held engineering and operational roles at General Motors and Delphi. He also serves on the boards of Commercial Vehicle Group and R.R. Donnelley & Sons.
Investor Verification Points
- Confirm the revised board size and committee assignments.
- Review the company’s latest proxy statement or annual report for the applicable non-employee director compensation terms.
- Assess how Mr. Ray’s operational and industrial-sector experience supports the company’s board capabilities.
- Review subsequent filings for additional governance changes or compensation disclosures.