8-KLeadership Changes

ROCKWELL AUTOMATION, INC 8-K Report, Executive Changes (Apr 8, 2016)

Filed April 8, 2016For Securities:ROK

Summary

Rockwell Automation, Inc. (ROK) filed an 8-K report on April 8, 2016, detailing a change to its Board of Directors. The Board increased its size from nine to ten members and elected Thomas W. Rosamilia as a new director. Mr. Rosamilia will serve a term expiring at the 2019 Annual Meeting of Shareowners and has been appointed to the Audit Committee and the Technology and Corporate Responsibility Committee. This appointment is a standard process for new directors, with Mr. Rosamilia receiving typical equity and cash compensation. There are no disclosed related-party transactions or understandings influencing his appointment, suggesting a straightforward addition to the board to enhance its composition and oversight capabilities. Investors should note this addition as a potential step in strengthening the company's governance.

Key Highlights

  • 1Board of Directors size increased from nine to ten members.
  • 2Thomas W. Rosamilia was elected as a new director.
  • 3Mr. Rosamilia's term will expire at the 2019 Annual Meeting of Shareowners.
  • 4Appointed to the Audit Committee.
  • 5Appointed to the Technology and Corporate Responsibility Committee.
  • 6Mr. Rosamilia will receive standard non-employee director compensation, including equity.
  • 7No disclosed arrangements or understandings related to Mr. Rosamilia's selection.

Frequently Asked Questions

The company increased the size of its Board of Directors from nine to ten members to accommodate the election of a new director, Thomas W. Rosamilia, in accordance with its By-Laws.

Mr. Rosamilia has been appointed as a member of the Audit Committee and the Technology and Corporate Responsibility Committee.

Mr. Rosamilia will receive the standard equity and cash compensation provided to non-employee directors and new non-employee directors upon their election, including an award of 729 shares of common stock under the company's 2003 Directors Stock Plan.

No, the filing states there are no arrangements or understandings influencing his selection, nor is he involved in any transactions requiring disclosure under Item 404(a) of Regulation S-K.