8-KLeadership ChangesExhibits & Filings

EMERSON ELECTRIC CO 8-K Report, Executive Changes (Aug 9, 2012)

Filed August 9, 2012For Securities:EMR

Summary

Emerson Electric Co. (EMR) announced a key change to its Board of Directors with the election of Matthew S. Levatich as a Director, effective August 7, 2012. Mr. Levatich brings external leadership experience as the President and Chief Operating Officer of Harley-Davidson Motor Company, Inc. His appointment to the Compensation Committee also signals a focus on executive remuneration oversight. Investors can view this as a move to enhance board expertise and governance. Mr. Levatich will receive compensation consistent with other non-management directors, including a pro-rata award of restricted stock valued at approximately $62,500. This aligns his compensation with the company's standard practices for board members, ensuring transparency and fairness in director remuneration. The election is a procedural step, with his formal election by stockholders to occur at the 2013 Annual Meeting.

Key Highlights

  • 1Matthew S. Levatich, President and COO of Harley-Davidson, elected to Emerson's Board of Directors.
  • 2Mr. Levatich appointed to serve on the Company's Compensation Committee.
  • 3Director appointment effective August 7, 2012.
  • 4Mr. Levatich's election is subject to stockholder approval at the 2013 Annual Meeting.
  • 5Compensation for Mr. Levatich will follow the established non-management director plan.
  • 6Includes a pro-rata award of 1,240 restricted shares, valued at approximately $62,500.

Frequently Asked Questions

Matthew S. Levatich is the President and Chief Operating Officer of Harley-Davidson Motor Company, Inc. His appointment to Emerson's Board of Directors is intended to bring valuable external leadership experience and enhance the board's composition and oversight capabilities.

Mr. Levatich has been elected as a Director of the Company and appointed as a member of the Compensation Committee. This committee typically oversees executive compensation policies and decisions.

Mr. Levatich will be compensated in the same manner as other non-management Directors. This includes a pro-rata award of 1,240 restricted shares, representing approximately $62,500 of the annual restricted stock portion of the director retainer.

Mr. Levatich was elected to the board on August 7, 2012, and will stand for election by the Company's stockholders at the 2013 Annual Meeting of Stockholders.