EMERSON ELECTRIC CO false 0000032604 0000032604 2019-11-05 2019-11-05 0000032604 emr:CommonStockof0.50parvaluepershareMember 2019-11-05 2019-11-05 0000032604 emr:M0Member 2019-11-05 2019-11-05 0000032604 emr:A0.375Notesdue2024Member 2019-11-05 2019-11-05 0000032604 emr:A1.250Notesdue2025Member 2019-11-05 2019-11-05 0000032604 emr:A2.000Notesdue2029Member 2019-11-05 2019-11-05

 

 

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): November 5, 2019

 

Emerson Electric Co.

(Exact name of registrant as specified in its charter)

 

Missouri

 

1-278

 

43-0259330

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

8000 West Florissant Avenue, St. Louis, Missouri 63136

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (314) 553-2000

Not Applicable

(Former name or former address, if changed since last report.)

 

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbols

 

Name of each exchange

on which registered

Common Stock, $0.50 par value per share

 

EMR

 

New York Stock Exchange

 

 

Chicago Stock Exchange

0.375% Notes due 2024

 

EMR 24

 

New York Stock Exchange

1.250% Notes due 2025

 

EMR 25A

 

New York Stock Exchange

2.000% Notes due 2029

 

EMR 29

 

New York Stock Exchange

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 November 4, 2019, the Board of Directors of Emerson Electric Co. (the “Company”) elected Mark A. Blinn, former Chief Executive Officer and President of Flowserve Corp. (“Flowserve”), as a Director of the Company.

Mr. Blinn, 57, was the President and Chief Executive Officer and a director of Flowserve, a leading provider of fluid motion and control products and services for the global infrastructure markets, from 2009 until his retirement in 2017. Mr. Blinn currently serves as the lead independent director of Texas Instruments, a global semiconductor design and manufacturing company, as a director of Leggett & Platt Incorporated, a designer and manufacturer of engineered components and products for homes and automobiles, and as a director of Kraton Corporation, a leading global producer of polymers for a wide range of applications. Mr. Blinn holds B.S., J.D. and MBA degrees from Southern Methodist University.

Mr. Blinn will receive an award of restricted stock, representing a $37,500 pro rata award of the $150,000 restricted stock portion of the annual retainer previously paid to all non-management directors. Going forward, Mr. Blinn 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”.

Item 7.01. Regulation FD Disclosure.

The following information is furnished pursuant to Regulation FD.

On November 5, 2019, the Company issued a press release announcing the election of Mr. Blinn. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
No.

   

Description of Exhibit

         
 

99.1

   

Press Release dated November 5, 2019.

         
 

104

   

Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.


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.

Date: November 8, 2019

 

 

EMERSON ELECTRIC CO.

             

 

 

By:

 

/s/ John A. Sperino

 

 

 

John A. Sperino

 

 

 

Vice President and Assistant Secretary