Summary
Ecolab Inc. (ECL) filed an 8-K on February 27, 2006, primarily announcing the retirement of director James J. Howard due to the company's age 70 retirement policy. Mr. Howard had served on the Board since 1991. This retirement will reduce the size of the Board from 13 to 12 directors. The company also announced a key leadership change within its Audit Committee.
Key Highlights
- 1Director James J. Howard retired from the Board of Directors on February 27, 2006, consistent with Ecolab's age 70 retirement policy for directors.
- 2Mr. Howard had been a director for Ecolab since 1991, indicating a long tenure with the company.
- 3The retirement of Mr. Howard will result in a reduction of the Board size from 13 to 12 directors.
- 4Joel W. Johnson, a director since 1996, has been appointed as the new Chair of the Audit Committee, succeeding Mr. Howard in this role.
- 5The company filed a press release dated February 27, 2006, as an exhibit to this Form 8-K, which likely provides further details on these announcements.
Frequently Asked Questions
James J. Howard retired from the Ecolab Board of Directors on February 27, 2006, as per the company's established age 70 retirement policy for directors.
Mr. Howard's retirement will decrease the total number of directors on the Board from 13 to 12.
Joel W. Johnson, who has been a director since 1996, has been appointed by the Board to replace Mr. Howard as the Chair of the Audit Committee.
Yes, a press release issued by Ecolab on February 27, 2006, announcing Mr. Howard's retirement has been filed as an exhibit (Exhibit 99) to this Form 8-K, and likely contains further details.