8-KLeadership ChangesExhibits & Filings

EMERSON ELECTRIC CO 8-K Report, Executive Changes (Jun 13, 2006)

Filed June 13, 2006For Securities:EMR

Summary

Emerson Electric Co. (EMR) filed a Form 8-K on June 13, 2006, reporting a key change in its Board of Directors. Effective June 9, 2006, Randall L. Stephenson, who was the Chief Operating Officer and a director of AT&T Inc. at the time, was appointed as a new director. Mr. Stephenson will serve in the class of 2007 and has also been appointed to the Compensation Committee of Emerson's Board. This appointment adds a prominent executive with significant experience in a major telecommunications company to Emerson's leadership. Investors may view this as a strategic move to bring in diverse expertise, particularly given Mr. Stephenson's role on the Compensation Committee, which oversees executive remuneration and related policies. The filing also confirms the incorporation of a press release detailing this appointment as an exhibit.

Key Highlights

  • 1Emerson Electric Co. appointed Randall L. Stephenson as a new director.
  • 2Mr. Stephenson's appointment was effective June 9, 2006.
  • 3He is designated to serve in the class of 2007 on the Board of Directors.
  • 4Randall L. Stephenson was the Chief Operating Officer and a director of AT&T Inc. at the time of his appointment.
  • 5Mr. Stephenson was also appointed as a member of the Compensation Committee.
  • 6A press release dated June 13, 2006, announcing the appointment, is included as an exhibit.
  • 7The filing is made under Item 5.02 regarding Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Frequently Asked Questions

Randall L. Stephenson is a notable executive who was the Chief Operating Officer and a director of AT&T Inc. His appointment to Emerson Electric's Board of Directors adds significant leadership experience from a major industry player. His role on the Compensation Committee is also noteworthy, suggesting his involvement in executive pay and governance matters.

His membership on the Compensation Committee indicates that Mr. Stephenson will play a role in decisions regarding executive compensation, incentive plans, and other related governance policies at Emerson Electric. This could signal a focus on aligning executive pay with performance or strategic objectives.

In a staggered board structure, directors are elected for multi-year terms and divided into classes. Serving in the 'class of 2007' means Mr. Stephenson's current term will expire in the 2007 annual meeting, and his re-election or the election of successors for that class will be voted on then. This structure ensures continuity on the board.

This 8-K filing primarily concerns the appointment of Randall L. Stephenson as a director and committee member. It also includes the necessary exhibit, which is the press release dated June 13, 2006, that formally announced Mr. Stephenson's appointment.