8-KLeadership ChangesRegulation FDExhibits & Filings

DOVER Corp 8-K Report, Executive Changes (Feb 11, 2021)

Filed February 11, 2021For Securities:DOV

Summary

Dover Corporation (DOV) announced on February 11, 2021, a significant addition to its Board of Directors with the election of Deborah L. DeHaas as an independent director. This appointment increases the Board's size to 10 members, with 9 now meeting the independence criteria. Ms. DeHaas brings a wealth of financial and leadership experience, having served in senior roles at Deloitte, including Vice Chairman and Managing Partner of the Center for Board Effectiveness, and previously as a partner at Arthur Andersen. Her expertise is further recognized by her qualification as an "audit committee financial expert" by the SEC and her appointment to Dover's Audit Committee. Ms. DeHaas's background, including her recent role as CEO of the Corporate Leadership Center and current board service with the Sustainability Accounting Standards Board Foundation, positions her to contribute valuable financial oversight and strategic guidance to Dover's governance. The filing also notes her lack of reportable related-party transactions or familial ties with current leadership, reinforcing her independent standing.

Key Highlights

  • 1Deborah L. DeHaas elected as a new independent director to the Board of Directors, effective February 11, 2021.
  • 2The Board size increases to 10 directors, with 9 now classified as independent.
  • 3Ms. DeHaas is deemed an "audit committee financial expert" by the SEC and possesses "accounting or related financial management expertise" per NYSE rules.
  • 4Ms. DeHaas has been appointed as a member of the Company's Audit Committee.
  • 5She brings extensive financial and leadership experience from executive roles at Deloitte (including Vice Chairman) and Arthur Andersen.
  • 6Ms. DeHaas currently serves as CEO of the Corporate Leadership Center and is on the Board of the Sustainability Accounting Standards Board Foundation.
  • 7No related-party transactions or familial relationships requiring disclosure exist between Ms. DeHaas and the Company's directors or officers.

Frequently Asked Questions

Deborah L. DeHaas has been elected as a new independent director to Dover Corporation's Board of Directors, effective February 11, 2021. She has also been appointed to serve on the Company's Audit Committee.

Ms. DeHaas is recognized as an "audit committee financial expert" by the SEC and possesses "accounting or related financial management expertise" according to NYSE rules. Her extensive background in finance and leadership at firms like Deloitte and Arthur Andersen supports this qualification.

According to the filing, Ms. DeHaas has no family relationships with any director or executive officer of Dover Corporation, and there are no undisclosed arrangements or understandings related to her selection. Additionally, there are no past transactions involving her that require disclosure under SEC Regulation S-K.

Ms. DeHaas's election increases the size of the Board from 9 to 10 directors. Importantly, it also increases the number of independent directors to 9, strengthening the Board's independent oversight.