Business Context and Reporting Period
This Form 8-K Current Report was filed by Emerson Electric Co. on August 5, 2008. The filing primarily addresses corporate governance changes, specifically the election of a new director and associated compensatory arrangements.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figure disclosed relates to director compensation:
- Restricted Stock Award: 1,047 shares granted to the new director.
- Award Value: $50,000 (pro rata portion of the $100,000 annual retainer).
Material Changes
The material change reported is the appointment of Harriet Green, Chief Executive Officer and President of Premier Farnell plc, as a Director of the Company. She was also appointed to the Audit Committee. This appointment is effective as of August 5, 2008, with Ms. Green standing for election at the 2009 Annual Meeting of Stockholders.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding business outlook, guidance, risks, contingencies, or unusual items. The document is strictly limited to the disclosure of the director election and the accompanying press release.
Investor Verification Checklist
- Verify the full text of the August 7, 2008 press release (Exhibit 99.1) for additional context on the new director's background.
- Review the Company's Proxy Statement for the 2008 Annual Meeting to confirm standard director compensation structures.
- Check the most recent Form 10-Q (Exhibit 10.2 referenced) for details on the Restricted Stock Plan for Non-Management Directors.