Business Context and Reporting Period
This Form 8-K filing by Emerson Electric Co. was submitted on October 2, 2018. The report discloses a corporate governance event involving the Board of Directors rather than a financial reporting period.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on director compensation details.
- Director Compensation: The newly elected director received an award of 600 shares of restricted stock.
- Compensation Value: The award represents a pro rata value of $46,667, derived from the $140,000 annual restricted stock retainer paid to non-management directors.
Material Changes
The primary material change reported is the election of Lori Lee as a Director of the Company. Ms. Lee, previously the Chief Executive Officer of AT&T Latin America and Global Marketing Officer for AT&T, Inc., was appointed to the Board on October 2, 2018. She will stand for election at the 2019 Annual Meeting of Shareholders and has been appointed to the Audit Committee and the Finance Committee.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, or discussion of risks and contingencies. It strictly addresses the appointment and compensation of a new director.
Investor Verification Checklist
- Verify the background and qualifications of the newly elected director, Lori Lee.
- Confirm the composition of the Audit Committee and Finance Committee following Ms. Lee's appointment.
- Review the Company's Proxy Statement for the full details of the non-management director compensation structure.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.