Summary
Emerson Electric Co. (EMR) filed an 8-K on March 5, 2008, to announce a temporary suspension of trading in its common stock within its employee benefit plans. This "Blackout Period" is necessitated by a change in the administrator of these plans from Mercer Trust Company to Vanguard. This temporary suspension is a standard regulatory requirement during such administrative transitions to prevent potential conflicts of interest and ensure fair treatment of all plan participants. Investors holding EMR stock within these company-sponsored plans should be aware that they will be unable to buy, sell, or move their Emerson stock holdings during the specified period. The company has provided contact information for those seeking further details on the blackout period.
Key Highlights
- 1Emerson Electric Co. is implementing a temporary trading suspension for its common stock within employee benefit plans.
- 2The suspension is due to a change in the plan administrator from Mercer Trust Company to Vanguard.
- 3The 'Blackout Period' is scheduled to begin at 3:00 p.m. Eastern Daylight Time on March 25, 2008.
- 4The suspension is expected to end during the week of April 6, 2008, through April 12, 2008.
- 5During this period, participants in the affected plans will not be able to conduct transactions involving Emerson common stock.
- 6This suspension also impacts Emerson's directors and executive officers, restricting their transactions in company securities during the Blackout Period as per Regulation BTR.
- 7Contact information for Timothy G. Westman (VP, Associate General Counsel) is provided for inquiries regarding the Blackout Period.