Summary
Rockwell Automation, Inc. (ROK) announced a change in its Board of Directors. J. Phillip Holloman, a long-standing director since 2013, has retired from the Board effective February 8, 2023. His retirement was not due to any disagreements with the company or its management, and the company expressed gratitude for his contributions. In a related development, Alice L. Jolla was elected to the Board of Directors effective February 8, 2023. Ms. Jolla has been appointed to the Audit Committee and the Board Composition and Corporate Governance Committee. Her appointment is effective immediately and she will receive standard director compensation, including equity awards under the company's incentive plan. This change in board composition is the primary focus of this 8-K filing.
Key Highlights
- 1J. Phillip Holloman has retired from the Board of Directors after serving since 2013.
- 2Mr. Holloman's retirement was voluntary and not a result of any disputes with the company.
- 3Alice L. Jolla has been elected as a new member of the Board of Directors.
- 4Ms. Jolla's term as director will expire at the 2024 Annual Meeting of Shareowners.
- 5Ms. Jolla has been appointed to both the Audit Committee and the Board Composition and Corporate Governance Committee.
- 6Ms. Jolla will receive standard director compensation, including equity awards valued at $129,167.
- 7The company issued a press release on February 9, 2023, detailing these board changes.