8-KLeadership ChangesMaterial AgreementsExhibits & Filings

ROCKWELL AUTOMATION, INC 8-K Report, Material Agreement (Sep 7, 2005)

Filed September 7, 2005For Securities:ROK

Summary

This 8-K filing from Rockwell Automation, Inc. (ROK), dated September 7, 2005, primarily announces the approval and implementation of a new Incentive Compensation Plan, effective October 1, 2005. This plan aims to reward and incentivize employees who contribute to the company's success and to aid in attracting and retaining talent. It outlines the eligibility criteria, the process for setting financial goals and determining awards, and the role of the Compensation and Management Development Committee in administering the plan. Additionally, the filing reports a change in the Board of Directors. The number of directors was increased from nine to ten, and Dr. Barry C. Johnson was elected to fill the new vacancy. Dr. Johnson will serve a term expiring at the 2007 Annual Meeting and has been appointed to the Technology, Environmental and Social Responsibility Committee. This board change is accompanied by the standard disclosures regarding his independence.

Key Highlights

  • 1Rockwell Automation approved a new Incentive Compensation Plan effective October 1, 2005.
  • 2The plan is designed to reward and incentivize employee contributions to the company's success.
  • 3Eligibility for the plan extends to salaried employees, with the CEO determining participation.
  • 4Financial goals and award structures will be set annually by the CEO and approved by the Compensation and Management Development Committee.
  • 5The Board of Directors increased its size from nine to ten members.
  • 6Dr. Barry C. Johnson was elected as a new director, filling the expanded board.
  • 7Dr. Johnson has been appointed to the Technology, Environmental and Social Responsibility Committee.

Frequently Asked Questions

The primary purpose of the new Incentive Compensation Plan is to provide a reward and incentive to employees of Rockwell Automation who have contributed and are expected to contribute to the company's success. It also aims to enhance the company's ability to attract and retain outstanding individuals.

Salaried employees of Rockwell Automation, including those on authorized leave of absence, are eligible to participate in the plan for the year in which they worked. The Chief Executive Officer determines annual eligibility.

The Board of Directors increased its size from nine to ten members. Dr. Barry C. Johnson was elected to fill this newly created vacancy and will serve a term expiring at the 2007 Annual Meeting. He has also been appointed to the Technology, Environmental and Social Responsibility Committee.

This specific 8-K filing focuses on the approval of the compensation plan structure and a board change. It does not detail specific financial outcomes, performance results, or award amounts, as those are determined and administered through the plan in subsequent periods.