8-KLeadership ChangesExhibits & Filings

ROCKWELL AUTOMATION, INC 8-K Report, Executive Changes (Feb 9, 2023)

Filed February 9, 2023For Securities:ROK

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.

Frequently Asked Questions

J. Phillip Holloman informed the Company of his intention to retire from the Board, with the retirement effective February 8, 2023. His decision was not a result of any disagreement with the Company or its management.

Alice L. Jolla has been elected as a new director to the Board of Directors, effective February 8, 2023. She has been appointed to serve on the Audit Committee and the Board Composition and Corporate Governance Committee. Her term as a director will expire at the 2024 Annual Meeting of Shareowners.

Ms. Jolla will receive the standard equity and cash compensation for non-employee directors. This includes shares of common stock with a value of $129,167, awarded under the company's 2020 Long-Term Incentives Plan.

There are no arrangements or understandings between Ms. Jolla and any other person regarding her selection as a director. Additionally, she is not involved in any transactions with the Company or its subsidiaries that require disclosure under Item 404(a) of Regulation S-K.