8-KThe WireRed Alert
Executive Change · Results of Operations
Filed Nov 5, 2024 · 1y ago · Accession 0000950103-24-015969
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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, 2024
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock of $0.50 par value per share
EMR
New York Stock Exchange
NYSE Chicago
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 2.02 Results of Operations and Financial Condition
Quarterly Results Press Release
On Tuesday, November 5, 2024, a press release
was issued regarding the fourth quarter and full year results of Emerson Electric Co. (the “Company”). A copy of this press
release is furnished with this Current Report on Form 8-K as Exhibit 99.1.
References to underlying orders in the press release
refer to the Company’s trailing three-month average orders growth versus the prior year, excluding currency, significant acquisitions
and divestitures.
Non-GAAP Financial Measures
The press release contains non-GAAP financial
measures as such term is defined in Regulation G under the rules of the Securities and Exchange Commission. While the Company believes
these non-GAAP financial measures are useful in evaluating the Company, this information should be considered as supplemental in nature
and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Further, these non-GAAP
financial measures may differ from similarly titled measures presented by other companies. The reasons management believes that these
non-GAAP financial measures provide useful information are set forth in the Company’s most recent Form 10-K filed with the Securities
and Exchange Commission and in the press release furnished with this Form 8-K.
Forward-Looking and Cautionary Statements
Statements in the press release that are not strictly
historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation
to update any such statements to reflect later developments. These risks and uncertainties include the scope, duration and ultimate impacts
of the Russia-Ukraine and other global conflicts, as well as economic and currency conditions, market demand, pricing, protection of intellectual
property, cybersecurity, tariffs, competitive and technological factors, inflation, among others, as set forth in the Company's most recent
Annual Report on Form 10-K and subsequent reports filed with the SEC. The outlook contained herein represents the Company's expectations
for its consolidated results, other than as noted herein.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On November 4, 2024, the Compensation Committee
of the Board of Directors of the Company approved the adoption of the Emerson Nonqualified Deferred Compensation Plan (the “Plan”),
which will be effective as of January 1, 2025. The Plan is an unfunded, nonqualified deferred compensation plan that provides eligible
management or other highly compensated employees (including named executive officers) with employer contributions in excess of certain
qualified retirement plan benefits, as well as the opportunity to defer eligible compensation on a tax deferred basis. A participant in
the Plan will be fully vested in elective deferrals immediately and fully vested in Company contributions upon the completion of two years
of service with the Company. Payment of vested amounts, together with deemed investment returns (positive or negative), will generally
be made following a participant’s termination of employment with the Company with such payment being made either in a lump-sum or
in two to ten annual installments as selected by the participant.
The foregoing description is qualified in its
entirety by reference to the Plan, a copy of which is attached hereto as Exhibit 10.1 and incorporated into this Current Report on Form
8-K by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Description of Exhibits
10.1
Emerson Defined Contribution Supplemental Executive Retirement Plan.
99.1
Emerson’s November 5, 2024 press release announcing fourth quarter and full year results.
104
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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: November 5, 2024
By:
/s/ John A. Sperino
John A. Sperino
Vice President and
Assistant Secretary
Filing details
- Company
- EMERSON ELECTRIC CO
- Ticker
- EMR
- CIK
- 32604
- Form type
- 8-K
- Filing date
- Nov 5, 2024
- Report date
- Nov 5, 2024
- Document
- dp220300_8k.htm
- Size
- 1.2 MB