8-KThe WireRed Alert
Executive Change
Filed Jul 22, 2014 · 12y ago · Accession 0001193125-14-274993
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
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): July 18, 2014
(Exact name of registrant as specified in its charter)
Delaware
1-7724
39-0622040
(State or other jurisdiction
of incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
2801 80th Street, Kenosha, Wisconsin 53143-5656
(Address of principal executive offices)
Registrants telephone number, including area code: (262) 656-5200
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))
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 18, 2014, Ruth Ann M. Gillis accepted appointment to the Board of Directors of Snap-on Incorporated (the Company). The appointment was
made by the Board and was effective immediately. The Board was expanded to nine directors in connection with Ms. Gillis election. Ms. Gillis is joining the Boards Audit Committee; James P. Holden is moving from the Boards
Audit Committee to its Organization and Executive Compensation Committee.
In accordance with the Companys Bylaws and the phased declassification of
its Board, Ms. Gillis will serve for a term expiring at the 2015 Annual Meeting of Shareholders and will be subject to annual election thereafter.
Ms. Gillis, age 59, retired as Executive Vice President and Chief Administrative Officer of Exelon Corporation (Exelon), a utility services
holding company engaged in the energy generation and delivery business, in July 2014 after serving in such roles since 2005. She was also President of Exelon Business Services Company, a subsidiary of Exelon that provides transactional and corporate
services to the Exelon operating companies. Previous roles include service as Executive Vice President of ComEd, an Exelon subsidiary, and as the Chief Financial Officer of Exelon. Prior to the merger that formed Exelon in 2000, Ms. Gillis was
the Chief Financial Officer of Unicom Corp., formerly a producer, purchaser, transmitter, distributor and seller of electricity.
Ms. Gillis also
serves as a director of KeyCorp, a bank holding company, and its subsidiary, KeyBank National Association. Ms. Gillis earned a Bachelor of Arts degree in economics from Smith College and a Master of Business Administration degree from the
University of Chicago Graduate School of Business, with a concentration in finance.
Ms. Gillis will receive the same compensation as the other
non-employee directors of the Company. It is expected that she will receive a pro-rated restricted stock grant, valued at approximately $59,569, at the Companys next Board meeting.
Ms. Gillis does not have any business relationships with the Company.
* * * * *
SIGNATURES
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.
SNAP-ON INCORPORATED
Date: July 22, 2014
By:
/s/ Irwin M. Shur
Irwin M. Shur
Vice President, General Counsel and Secretary
Filing details
- Company
- Snap-on Inc
- Ticker
- SNA
- CIK
- 91440
- Form type
- 8-K
- Filing date
- Jul 22, 2014
- Report date
- Jul 18, 2014
- Document
- d759962d8k.htm
- Size
- 22 KB