8-KLeadership ChangesExhibits & Filings

ECOLAB INC. 8-K Report, Executive Changes (Feb 27, 2014)

Filed February 27, 2014For Securities:ECL

Summary

Ecolab Inc. (ECL) announced a strategic addition to its Board of Directors through the appointment of Major General Suzanne M. Vautrinot. This move signifies a strengthening of the board's expertise, particularly in areas relevant to information technology and cyber security, given Ms. Vautrinot's extensive 31-year career in the U.S. Air Force, including her command of the 24th Air Force and Air Forces Cyber. Investors should note that Ms. Vautrinot's appointment increases the board size to 15 directors and includes her service on the Audit Committee and the Finance Committee. Her compensation will align with existing director compensation plans. This appointment underscores Ecolab's commitment to robust governance and potentially enhancing its strategic oversight in an increasingly digital business environment.

Key Highlights

  • 1Ecolab Inc. appointed Major General Suzanne M. Vautrinot to its Board of Directors.
  • 2The size of the Board of Directors was increased to 15 members.
  • 3Ms. Vautrinot brings extensive experience in cyber operations, IT services, and technology management from her 31-year Air Force career.
  • 4She will serve on the Audit Committee and the Finance Committee of the Board.
  • 5Her appointment is effective February 27, 2014.
  • 6Ms. Vautrinot will receive compensation according to Ecolab's standard director compensation arrangements.
  • 7There are no undisclosed related-party transactions or arrangements concerning her appointment.

Frequently Asked Questions

Ecolab is appointing Major General Suzanne M. Vautrinot, who has extensive experience in cyber operations, IT services, and technology management from her career in the U.S. Air Force. This appointment is likely aimed at strengthening the board's expertise in these critical and evolving areas, which are increasingly important for businesses in managing risks and leveraging technology.

Ms. Vautrinot will serve as a member of Ecolab's Audit Committee and the Finance Committee.

Ms. Vautrinot will participate in Ecolab's regular director compensation arrangements. Specific details can be found in Ecolab's 2013 annual stockholders meeting proxy statement filed on March 15, 2013.

According to the filing, there are no arrangements or understandings between Ms. Vautrinot and any other person regarding her appointment, and no transactions requiring disclosure under Item 404(a) of Regulation S-K, indicating no immediate conflicts of interest or special deal-making involved in her joining the board.