UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 2, 2018

 

 

Emerson Electric Co.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Missouri   1-278   43-0259330

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

8000 West Florissant Avenue

St. Louis, Missouri

  63136
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code:

(314) 553-2000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

☐

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

Item   5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On October 2, 2018, the Board of Directors of Emerson Electric Co. (the “Company”) elected Lori Lee, Chief Executive Officer AT&T Latin America and Global Marketing Officer for AT&T, Inc., as a Director of the Company. She will stand for election at the Company’s 2019 Annual Meeting of Shareholders. Ms. Lee was also appointed to serve as a member of the Audit Committee and the Finance Committee.

Ms. Lee will receive an award of 600 shares of restricted stock, representing a $46,667 pro rata award of the $140,000 restricted stock portion of the annual retainer previously paid to all non-management directors. Going forward, Ms. Lee will be compensated on the same basis as all other non-management Directors of the Company. Compensation for non-management directors is described each year in the Company’s Proxy Statement under “Director Compensation”.

A copy of the October 2, 2018 press release announcing Ms. Lee’s election is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
Number

  

Description of Exhibits

99.1    Press Release dated October 2, 2018

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

EMERSON ELECTRIC CO.

(Registrant)

Date: October 2, 2018     By:  

/s/ John A. Sperino

      John A. Sperino
      Vice President and
      Assistant Secretary

Exhibit 99.1

 

LOGO

 

   

Contact:

 

Libby Panke

 
     

314-982-8608

 
     

libby.panke@fleishman.com

 

Emerson Names Lori Lee to Board of Directors

ST. LOUIS – (Oct. 2, 2018) – Lori Lee, CEO for AT&T Latin America and global marketing officer for AT&T Inc., has been elected to Emerson’s (NYSE:EMR) board of directors, Chairman and Chief Executive Officer David N. Farr announced today.

As CEO for AT&T Latin America, Lee leads the strategy, operations and marketing of wireless services in Mexico and pay-TV services across 11 countries and territories in Latin America and the Caribbean. In her role as AT&T’s global marketing officer, she oversees brand strategy, advertising, corporate reputation and sponsorships worldwide.

“Lori’s business insight and breadth of experience in international relations make her a fantastic addition to the board,” Farr said. “We look forward to the contributions and benefits that her global perspective and talents will bring Emerson as we work to strategically position the company for long-term success.”

Since joining AT&T in 1997, Lee has served in a variety of roles, including senior executive vice president for AT&T Home Solutions and chief marketing officer for AT&T Small Business. Additionally, she has held executive leadership positions in corporate strategy and finance. Lee began her career at PwC, and later worked at Earthgrains Co. and Mallinckrodt Inc.

Lee will serve on the Emerson Board’s Audit and Finance committees.

Lee has been recognized on many executive leadership lists, including Fortune’s Most Powerful Women in Business and the National Diversity Council’s Top 50 Most Powerful Women in Tech.

Lee earned a bachelor’s degree in business administration and a master’s degree in business administration from Washington University in St. Louis. In addition to her role on Emerson’s board of directors, she is a board member of the American Film Institute, the Monterey Peninsula Foundation and the Goodyear Cotton Bowl Classic.

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About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information visit Emerson.com .