Summary
This Form 8-K filing by Rockwell Automation, Inc. (ROK) on April 8, 2011, primarily details the compensation arrangements for Robert A. Ruff, President of the Asia Pacific Region, due to his relocation to Hong Kong. The Compensation and Management Development Committee approved a standard relocation and expatriate package for Mr. Ruff, including provisions for cost of living differences, housing, transportation, tax equalization, and training. This announcement is significant as it signals a key executive's move to a critical growth region for the company. Investors should note the estimated annual cost of these arrangements, which amounts to $755,000. This expenditure reflects the company's investment in its international leadership and its commitment to expanding its presence and operations in the Asia Pacific market.
Key Highlights
- 1Rockwell Automation approved compensation for Robert A. Ruff, President of the Asia Pacific Region, for his relocation to Hong Kong.
- 2The relocation is effective July 1, 2011.
- 3Mr. Ruff will receive the company's standard relocation and expatriate package.
- 4The package includes allowances for cost of living, housing, transportation, tax equalization, and training.
- 5The estimated annual cost of these compensation arrangements is $755,000.
- 6This event falls under Item 5.02 of Form 8-K, concerning director or officer changes and compensation.