Eaton Corp Plc - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Eaton Corporation plc on September 13, 2013. The filing addresses Item 5.02 regarding the departure of certain officers and the appointment of successors.
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 personnel changes and does not contain financial performance data.
Material Changes
- Departure: Billie K. Rawot, Senior Vice President and Controller, announced her retirement effective October 31, 2013.
- Appointment: Ken Semelsberger was appointed to succeed Ms. Rawot as Senior Vice President and Controller, effective November 1, 2013.
- Role Expansion: Mr. Semelsberger will also assume the role of the registrant's principal accounting officer.
Management Commentary and Background
Mr. Semelsberger, age 51, has been with Eaton since 1988. Prior to this appointment, he served as Senior Vice President of Finance and Planning for Eaton's Industrial Sector (February 2009 to present) and Senior Vice President of Corporate Development and Treasury (2006 to 2009). He will continue to participate in the company's executive compensation plans as described in the March 15, 2013 proxy statement.
Investor Verification Checklist
- Confirm the effective dates of the transition (October 31, 2013, and November 1, 2013).
- Review the March 15, 2013 proxy statement for details on Mr. Semelsberger's executive compensation arrangements.
- Verify Mr. Semelsberger's prior roles within the Industrial Sector and Corporate Development to assess continuity in financial oversight.