8-KLeadership ChangesExhibits & Filings

W.W. GRAINGER, INC. 8-K Report, Executive Changes (Jul 25, 2017)

Filed July 25, 2017For Securities:GWW

Summary

W.W. Grainger, Inc. (GWW) announced a change to its Board of Directors with the appointment of Beatriz R. Perez, effective immediately on July 25, 2017. This appointment increases the total number of directors to 11. Ms. Perez will also serve on the Board Affairs and Nominating Committee and the Compensation Committee, indicating her immediate involvement in key governance areas. Investors can note that Ms. Perez's appointment is standard and she will be compensated according to the company's existing non-employee director compensation program, which includes stock units and a cash retainer, pro-rated for her partial year of service. This filing does not indicate any unusual circumstances regarding her appointment or related transactions.

Key Highlights

  • 1Beatriz R. Perez appointed as a new director to the Board, effective July 25, 2017.
  • 2Board size increased from 10 to 11 directors.
  • 3Ms. Perez appointed to the Board Affairs and Nominating Committee.
  • 4Ms. Perez appointed to the Compensation Committee.
  • 5Ms. Perez's compensation aligns with the company's established non-employee director program.
  • 6Compensation includes pro-rated annual stock unit grants and cash retainer.
  • 7No reportable transactions or arrangements involving Ms. Perez required under Item 404(a) of Regulation S-K.

Frequently Asked Questions

Beatriz R. Perez has been appointed as a new director to W.W. Grainger, Inc.'s Board of Directors, effective July 25, 2017. She will also serve on the Board Affairs and Nominating Committee and the Compensation Committee.

Ms. Perez will be compensated in accordance with the company's standard compensation program for non-employee directors. This includes an annual deferred stock unit grant and an annual cash retainer, both of which will be pro-rated to reflect her partial year of service.

This filing states that there have been no transactions, proposed or past, in which Ms. Perez or her immediate family had any interest that are required to be reported under Item 404(a) of Regulation S-K. Her appointment was not pursuant to any arrangement or understanding with other persons.

The appointment of Ms. Perez increases the size of the Board of Directors from 10 to 11 members.