Summary
This 8-K filing from Emerson Electric Co. (EMR) announced a change in its Board of Directors. On October 2, 2018, Lori Lee, a significant executive from AT&T, was elected as a new Director to the Board. Ms. Lee brings extensive experience in leadership and marketing roles, which is expected to be valuable to Emerson's strategic direction. Her appointment is effective immediately, and she will stand for election by shareholders at the 2019 Annual Meeting. Ms. Lee has also been appointed to key committees, specifically the Audit Committee and the Finance Committee, indicating her immediate involvement in critical oversight functions. Her compensation as a director will align with the company's standard practices for non-management directors.
Key Highlights
- 1Emerson Electric Co. elected Lori Lee as a new Director to its Board of Directors.
- 2Lori Lee is the Chief Executive Officer of AT&T Latin America and Global Marketing Officer for AT&T, Inc.
- 3Ms. Lee's appointment is effective October 2, 2018.
- 4She will be eligible for election by shareholders at the 2019 Annual Meeting.
- 5Ms. Lee has been appointed to serve on the Audit Committee.
- 6Ms. Lee has also been appointed to serve on the Finance Committee.
- 7Ms. Lee will receive restricted stock and will be compensated similarly to other non-management directors going forward.