Business Context and Reporting Period
This Form 8-K Current Report was filed by Ecolab Inc. on November 6, 2009. The filing reports a corporate governance event regarding the composition of the Board of Directors.
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 a personnel appointment and does not contain financial performance data.
Material Changes
- Board Expansion: The Board of Directors increased its size from 11 to 12 members.
- New Appointment: Victoria J. Reich was appointed as a Class II director, with a term ending in 2012.
- Committee Assignments: Ms. Reich will serve on the Audit and Finance Committees.
- Board Structure: The appointment balances the three director classes, with each class now comprised of four directors.
Outlook, Risks, and Management Commentary
The filing includes a brief biography of the new director, noting her prior experience as Senior Vice President and CFO of United Stationers Inc., as well as ten years at Brunswick Corporation and 17 years at General Electric Company. No financial guidance, risk factors, or unusual items are disclosed in this specific filing.
Investor Verification Checklist
- Verify the effective date of the board expansion (November 6, 2009).
- Confirm the new total number of directors (12).
- Review the attached News Release (Exhibit 99) for additional details on the appointment rationale.
- Check subsequent filings for any changes to the Audit and Finance Committee composition.