Summary
This Form 8-K filing from Rockwell Automation, Inc. (ROK) reports a change in its Board of Directors. On May 30, 2008, the Board increased its size from eight to nine members and elected Donald R. Parfet as a new director. Mr. Parfet will serve a term expiring at the 2011 Annual Meeting of Shareowners and has been appointed to the Audit Committee and the Technology, Environmental and Social Responsibility Committee. This director appointment is a key governance update for investors. Mr. Parfet's compensation for his role aligns with standard practices for non-employee directors and includes equity awards such as common stock, stock options, and restricted stock units, as detailed in the company's proxy statement. The filing confirms there are no disqualifying arrangements or related-party transactions concerning Mr. Parfet's appointment.
Key Highlights
- 1Rockwell Automation's Board of Directors increased from eight to nine members.
- 2Donald R. Parfet was elected as a new director to fill the vacancy.
- 3Mr. Parfet's term as a director will expire at the 2011 Annual Meeting of Shareowners.
- 4He has been appointed as a member of the Audit Committee.
- 5Mr. Parfet has also been appointed to the Technology, Environmental and Social Responsibility Committee.
- 6His compensation includes standard equity and cash awards for non-employee directors, such as shares, options, and restricted stock units.