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Form 8-K · Current Report · Filed 2024-02-09

Emerson Electric Shareholders Approve Equity Plan and Other Key Proposals

On February 6, 2024, Emerson Electric Co.'s shareholders approved the 2024 Equity Incentive Plan and ratified the appointment of KPMG LLP as the independent registered public accounting firm for fiscal 2024.

Filer
Emerson Electric Co. EMR · NYSE
Filed
Accession
0001193125-24-029918
CIK
0000032604
Signal
High impactIndustrials

Details

Shareholders also approved an amendment to implement a simple majority vote requirement but rejected a proposal to declassify the Board of Directors. Executive compensation was approved by non-binding advisory votes.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Key Executive Appointment
Item 5.07

Submission of Matters to a Vote of Security Holders

Equity Plan Approved Say-on-Pay Approved Director Elections Results
Item 9.01

Financial Statements and Exhibits

Acquired Business Financial Statements Exhibits Furnished

Market reaction

Close before filing

$102.38

Next session

+1.9%

Since filing

+46.3%

Latest close

$149.82

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from EMR reporting the same item, with the next session's move:

About Emerson Electric Co.

Emerson Electric Co. is a multinational corporation that specializes in technology and engineering. The company focuses on providing innovative solutions for industrial, commercial, and consumer markets. Emerson Electric's primary function is to develop and integrate automation technologies and software, enabling companies to optimize performance, reduce energy consumption, and increase operational efficiency. Notable sectors impacted by Emerson Electric include process automation industries such as oil and gas, chemical, and utilities, where precision and efficiency are crucial. Emerson also serves sectors like residential and commercial construction with products to manage facility infrastructure better. Their HVAC technologies and tools play a significant role in maintaining climate systems and improving energy efficiency. Established in 1890 and headquartered in St. Louis, Missouri, Emerson Electric Co. has evolved into a market leader, leveraging its global reach and extensive product portfolio to drive advancements in automation and technology solutions. Its consistent focus on innovation and quality positions Emerson Electric as a crucial player in powering and improving the world's essential services and technologies.

Exchange NYSE Industry Specialty Industrial Machinery Company website ↗

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