Business Context and Reporting Period
This Form 8-K Current Report was filed by Emerson Electric Co. on November 4, 2014. The report addresses a corporate governance matter involving an amendment to the Company's Bylaws adopted by the Board of Directors on the same date.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is non-financial in nature and contains no financial statements or performance metrics.
Material Changes
The material change reported is an amendment to Article III, Section 3 of the Company's Bylaws. Previously, the Bylaws prohibited any Director from standing for election or re-election after reaching the age of 72. The amendment creates a specific exception to allow August A. Busch III to serve as a member of the Board of Directors for an additional one-year term, ending at the Annual Meeting of Stockholders in February 2016.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is strictly limited to the procedural amendment of the Bylaws and the listing of related exhibits.
Key Facts for Investor Verification
- The Board of Directors amended the Bylaws on November 4, 2014, to waive the age 72 retirement limit for Director August A. Busch III.
- The exception permits Mr. Busch to serve for one additional year until the February 2016 Annual Meeting.
- The full text of the amended Bylaws and the marked changes are included as Exhibits 3.1 and 3.2.
- No financial data or operational updates are included in this filing.