ETN Eaton Corp New

Eaton Corp. PLC (ETN) filed a Form 8K - Changes in Company Executive Management - with the U.S Securities and Exchange Commission on July 26, 2016.

On July 26, 2016, the Board of Directors of Eaton Corporation plc (the "Company") expanded its size to fourteen members and elected Dorothy C. Thompson to fill the vacancy thus created. Ms. Thompson's election is effective July 29, 2016. She is currently the Chief Executive Officer of Drax Group plc ("Drax"), an electricity company domiciled in the United Kingdom. Ms. Thompson was appointed by the Company's Board of Directors to the Audit and Finance Committees.

Ms. Thompson will receive compensation pursuant to the Company's standard arrangements for directors as described in its Proxy Statement for the 2016 Annual General Meeting of Shareholders.

Each of the Company and its wholly owned subsidiary, Eaton Corporation ("Eaton"), have entered into Indemnification Agreements with Ms. Thompson in the same form as they have used with other directors of the Company. The form indemnification agreements provide that, to the fullest extent permitted by law, the Company and/or Eaton will indemnify each director against expenses (including attorneys' fees, judgments, fines and amounts paid in settlement) actually and reasonably incurred by the director in connection with any claim against the director as a result of the director's service as a member of the Board. The summaries of the material terms of the form indemnification agreements set forth above are qualified in their entirety by reference to the full text of the applicable agreements. (See Exhibits 10.1 and 10.2, respectively, to this Report, which are incorporated herein by reference.) Simultaneous with Ms. Thompson's execution of the agreements, the Company also entered into Indemnification Agreements with Craig Arnold and Richard H. Fearon in the form described in Exhibit 10.1 to this Report. Messrs. Arnold and Fearon, both of whom were first elected to the Board effective September 1, 2015, are each party to pre-existing agreements with Eaton in the form described in Exhibit 10.2 to this report.

There are no related party transactions involving Ms. Thompson that would require disclosure pursuant to S-K Item 404(a). There are no arrangements or understandings between Ms. Thompson and any other persons pursuant to which she was selected as a director of the Company.

A copy of the press release issued by the Company on July 26, 2016 is included as Exhibit 99.1 to this Report and is incorporated herein by reference.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1551182/000155118216000086/a8-kjuly2016.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1551182/000155118216000086/0001551182-16-000086-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

(END) Dow Jones Newswires

July 29, 2016 11:01 ET (15:01 GMT)

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