Why was Harriet Green's director class changed?

Harriet Green's director class was changed from Class of 2012 to Class of 2011 to keep the number of directors in each class as nearly equal as possible, which is a requirement under Missouri law. This was done following her resignation and immediate re-election to a different class.

What change was made to the company's Bylaws?

The company amended its Bylaws, specifically Article III, Section 3, to remove the age limit of 72 for directors seeking election or re-election. This amendment allows Rozanne L. Ridgway to serve an additional year, until the February 2012 Annual Meeting of Stockholders.

Are these changes related to the company's financial performance?

No, these changes are administrative in nature and relate to corporate governance and board composition. They are intended to comply with legal requirements and ensure board continuity rather than reflect financial performance.

Where can I find the amended Bylaws?

The amended Bylaws, as well as the specific amendment marked to show changes, are filed as Exhibits 3.1 and 3.2, respectively, to this Form 8-K filing and are incorporated by reference.

EMR 8-K: Leadership Changes & Corporate Changes

Summary

Emerson Electric Co. (EMR) filed an 8-K report on November 4, 2010, detailing two primary board-related changes effective November 2, 2010. The report outlines a reclassification of Director Harriet Green to balance board classes and an amendment to the company's bylaws to allow Director Rozanne L. Ridgway to serve an additional year beyond the previous age restriction. These changes are primarily administrative, aimed at complying with corporate governance requirements and ensuring board continuity.

Key Highlights

1Director Harriet Green was reclassified to a different board class (Class of 2011 from Class of 2012) to maintain balanced director classes as required by Missouri law.
2The reclassification of Harriet Green was effective November 2, 2010, immediately following her resignation from the Class of 2012.
3The company amended its Bylaws to allow Director Rozanne L. Ridgway to serve an additional year until the February 2012 Annual Meeting of Stockholders.
4The amendment to the Bylaws removed the previous age restriction of 72 for directors seeking election or re-election.
5These changes are designed to comply with legal requirements regarding board composition and to facilitate continuity in board leadership.
6The full amended Bylaws and the specific amendment text are filed as exhibits to this Form 8-K.

EMERSON ELECTRIC CO 8-K Report, Executive Changes (Nov 5, 2010)

Summary

Key Highlights

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