Business Context and Reporting Period
This Form 8-K Current Report was filed by Emerson Electric Co. on February 22, 2007, covering events occurring on February 20, 2007. The filing addresses significant changes in executive leadership, specifically the departure of the Executive Vice President, Secretary, and General Counsel, and the appointment of a successor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel changes rather than financial performance data.
Material Changes
- Departure of W. Wayne Withers: Mr. Withers, Executive Vice President, Secretary, and General Counsel, will retire as Secretary and General Counsel on March 15, 2007. He will retire as Executive Vice President and an employee on September 30, 2007.
- Post-Retirement Role: Following his retirement, Mr. Withers is expected to become a consultant to the Company under terms to be determined.
- Appointment of Frank L. Steeves: Frank L. Steeves has been named Senior Vice President, Secretary, and General Counsel, effective March 15, 2007.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary regarding future performance. No specific risks, contingencies, or unusual items were disclosed in this report. The primary focus is the orderly transition of legal and executive responsibilities.
Investor Verification Checklist
- Verify the effective dates for the transition of duties between W. Wayne Withers and Frank L. Steeves (March 15, 2007).
- Confirm the terms of the consulting agreement to be entered into with W. Wayne Withers after September 30, 2007.
- Review the attached press release (Exhibit 99.1) for additional details on the leadership transition.