Summary
Rockwell Automation, Inc. (ROK) announced a governance update on June 5, 2019, via an 8-K filing. The key development is the expansion of its Board of Directors from nine to ten members, effective June 6, 2019. This expansion was accompanied by the election of Pam Murphy as a new director. Ms. Murphy's appointment fills the newly created vacancy and she will serve in the class of directors whose term expires at the 2020 Annual Meeting of Shareowners. Her role will include membership on the Audit Committee and the Technology Committee. Investors can expect Ms. Murphy to receive standard compensation for non-employee directors, including equity awards, as detailed in the company's proxy statement.
Key Highlights
- 1Board of Directors size increased from nine to ten members, effective June 6, 2019.
- 2Pam Murphy was elected as a new director to the Board.
- 3Ms. Murphy's term as a director will expire at the 2020 Annual Meeting of Shareowners.
- 4Ms. Murphy has been appointed to the Audit Committee and the Technology Committee.
- 5Ms. Murphy will receive standard equity and cash compensation for non-employee directors.
- 6The company issued a press release dated June 6, 2019, attached as an exhibit.
- 7No disclosable arrangements or transactions exist between Ms. Murphy and the Company under Regulation S-K.