8-KLeadership Changes

ROCKWELL AUTOMATION, INC 8-K Report, Executive Changes (Oct 16, 2018)

Filed October 16, 2018For Securities:ROK

Summary

This 8-K filing from Rockwell Automation, Inc. (ROK) on October 16, 2018, primarily announces the retirement of a long-standing Board of Directors member, Betty C. Alewine. Ms. Alewine, who served on the Board since 2000, retired effective October 10, 2018, with her decision not stemming from any disagreements with the company. This event triggers a reduction in the Board's size from twelve to eleven directors, as per the company's charter. In response to Ms. Alewine's departure, the Board has made key committee leadership changes. Lawrence D. Kingsley has been appointed as the new Chair of the Technology Committee, taking over from Ms. Alewine. Additionally, Lisa A. Payne has been appointed to the Board Composition and Corporate Governance Committee, necessitating her departure from the Audit Committee. These adjustments are standard procedural changes following a director's retirement and do not indicate any fundamental shifts in the company's strategic direction or financial health.

Key Highlights

  • 1Betty C. Alewine, a Director since 2000, has retired from the Board of Directors.
  • 2Ms. Alewine's retirement was effective October 10, 2018.
  • 3Her retirement was voluntary and not due to any disagreements with the Company or its management.
  • 4The Board size has been reduced from twelve to eleven directors.
  • 5Lawrence D. Kingsley has been appointed as the new Chair of the Technology Committee.
  • 6Lisa A. Payne has been appointed to the Board Composition and Corporate Governance Committee.
  • 7Lisa A. Payne is no longer a member of the Audit Committee.

Frequently Asked Questions

The primary reason for this 8-K filing is to report the retirement of a long-serving Board of Directors member, Betty C. Alewine, and the subsequent organizational changes within the Board and its committees.

No, the filing explicitly states that Ms. Alewine's decision to retire was not a result of any disagreement with the Company or its management, indicating a smooth and amicable transition.

Following Ms. Alewine's retirement, the total number of directors on the Board has been reduced from twelve to eleven, in accordance with the company's governing documents.

Lawrence D. Kingsley has been appointed as the new Chair of the Technology Committee, and Lisa A. Payne has been appointed as a member of the Board Composition and Corporate Governance Committee. Ms. Payne has stepped down from the Audit Committee as a result of this appointment.