Summary
Rockwell Automation, Inc. (ROK) filed an 8-K on December 10, 2007, reporting a significant change in its Board of Directors. Kenneth F. Yontz has informed the Board of his decision not to seek re-election at the upcoming Annual Meeting of Shareowners on February 6, 2008, citing personal reasons. Mr. Yontz will continue to serve his current term until that date. In response to Mr. Yontz's departure, the Board of Directors has resolved to reduce the size of the Board from nine to eight directors, effective immediately before the Annual Meeting. This announcement is primarily an informational update for shareholders regarding board composition and governance.
Key Highlights
- 1Director Kenneth F. Yontz will not stand for re-election at the February 6, 2008 Annual Meeting of Shareowners.
- 2Mr. Yontz's decision is for personal reasons.
- 3Mr. Yontz will continue to serve his current term on the Board until the Annual Meeting.
- 4The size of the Board of Directors will be decreased to eight members.
- 5The reduction in board size becomes effective immediately prior to the Annual Meeting.
- 6The filing is primarily informational regarding board composition changes.