Eaton Corp. Files 8K - Changes Executive Management
29 Luglio 2016 - 5:16PM
Dow Jones News
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)
Copyright (c) 2016 Dow Jones & Company, Inc.
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