8-KLeadership ChangesExhibits & Filings

AMPHENOL CORP /DE/ 8-K Report, Executive Changes (Dec 6, 2010)

Filed December 6, 2010For Securities:APH

Summary

This 8-K filing from Amphenol Corporation (APH) on December 6, 2010, primarily reports on a significant leadership transition. Martin H. Loeffler, the Executive Chairman, announced his retirement from that role, effective January 1, 2011. He will continue to serve as the non-executive Chairman of the Board. Investors should note that Mr. Loeffler will not receive any additional compensation or benefits related to his retirement as Executive Chairman. However, he will be paid an annual retainer of $150,000 for his ongoing duties as non-executive Chairman. This filing, accompanied by a press release, signals a planned succession in a key leadership position, which is generally viewed positively as it indicates continuity and strategic planning within the company's governance structure.

Key Highlights

  • 1Martin H. Loeffler to retire as Executive Chairman effective January 1, 2011.
  • 2Mr. Loeffler will transition to non-executive Chairman of the Board.
  • 3No special compensation or benefits will be provided to Mr. Loeffler upon his retirement as Executive Chairman.
  • 4An annual retainer of $150,000 will be paid for his services as non-executive Chairman.
  • 5The company filed a press release dated December 6, 2010, announcing this transition.
  • 6The filing is an 8-K Current Report, indicating a material event.
  • 7Diana G. Reardon, Senior Vice President and Chief Financial Officer, signed the report.

Frequently Asked Questions

The main event reported is the retirement of Martin H. Loeffler as Executive Chairman of Amphenol Corporation, effective January 1, 2011. He will continue to serve as the non-executive Chairman of the Board.

No, Mr. Loeffler will not receive any special compensation or benefits upon his retirement as Executive Chairman. He will receive an annual retainer of $150,000 for his continuing role as non-executive Chairman of the Board.

The direct financial impact is the $150,000 annual retainer for his role as non-executive Chairman. There is no additional cost associated with his retirement from the Executive Chairman position.

The filing was signed by Diana G. Reardon, who is the Senior Vice President and Chief Financial Officer of Amphenol Corporation.