Summary
This 8-K filing by Emerson Electric Co. (EMR) on August 7, 2008, primarily announces a key addition to its Board of Directors. Harriet Green, who holds the CEO and President positions at Premier Farnell plc, has been elected as a Director. This appointment is significant as it brings new leadership and expertise to Emerson's governing body. Ms. Green will also serve on the Audit Committee, indicating her direct involvement in financial oversight.
Key Highlights
- 1Harriet Green elected as a Director to the Emerson Electric Co. Board of Directors.
- 2Ms. Green's appointment is effective August 5, 2008, and she will stand for election at the 2009 Annual Meeting of Stockholders.
- 3Harriet Green appointed as a member of the Company's Audit Committee.
- 4Ms. Green received an award of 1,047 shares of restricted stock, valued at $50,000, as a pro rata portion of the non-management Director annual retainer.
- 5The filing references a press release dated August 7, 2008, announcing Ms. Green's election.
Frequently Asked Questions
Harriet Green is the Chief Executive Officer and President of Premier Farnell plc. Her election to Emerson's Board brings external leadership experience to the company.
Her appointment to the Audit Committee suggests a focus on financial governance and oversight, leveraging her expertise in strategic financial matters.
Ms. Green received an initial award of 1,047 restricted shares of Emerson stock, valued at $50,000, as a pro rata portion of the standard retainer for non-management directors. Her ongoing compensation will follow the company's established Director Compensation policies as outlined in previous filings.