Summary
Emerson Electric Co. (EMR) filed an 8-K report on November 6, 2008, primarily to disclose an amendment to its corporate bylaws. The key change allows Vernon R. Loucks, Jr. to continue serving on the Board of Directors for an additional year, extending his tenure until the February 2010 Annual Meeting of Stockholders. This amendment specifically waives the previous bylaw which stipulated that directors could not stand for election or re-election after reaching the age of 72. The filing includes the amended bylaw provision as an exhibit.
Key Highlights
- 1Emerson Electric Co. amended its corporate bylaws on November 4, 2008.
- 2The amendment permits Vernon R. Loucks, Jr. to serve on the Board of Directors beyond the previous age limit.
- 3Mr. Loucks, Jr. will be eligible to serve until the February 2010 Annual Meeting of Stockholders.
- 4The previous bylaw restricted director service to age 72.
- 5This change represents a specific waiver for one director, Vernon R. Loucks, Jr.
- 6The filing includes the amended bylaws as exhibits.