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Form 8-K · Current Report · Filed 2024-10-22

Eaton Appoints Andre Schulten to Board of Directors

Eaton Corporation plc announced on October 22, 2024, the election of Andre Schulten, current CFO of Procter & Gamble, to its Board of Directors, effective immediately.

Filer
Eaton Corporation plc ETN · NYSE
Filed
Accession
0001140361-24-043911
CIK
0001551182
Signal
High impactIndustrials

Details

Schulten, with over 28 years of experience at P&G, will also serve on the Audit, Finance, and Innovation and Technology Committees. He will receive a Restricted Stock Unit (RSU) grant of $85,000 in Ordinary Shares, based on the 30-day average closing price of Eaton shares. Eaton and its subsidiary have entered into standard indemnification agreements for Schulten, in line with their practices for other directors.

Items reported

Item 5.02

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

New CEO Appointed
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$347.07

Next session

-0.6%

Since filing

+19.6%

Latest close

$415.20

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

Precedent

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

Exhibits (1)

About Eaton Corporation plc

Eaton Corporation plc is a multinational power management company that specializes in providing energy-efficient solutions for a wide range of electrical, hydraulic, and mechanical applications. The company's primary purpose is to improve the quality, reliability, and safety of electrical, hydraulic, and mechanical power, addressing challenges related to efficient energy use and environmental impact. Eaton serves diverse sectors including aerospace, automotive, buildings, utilities, and machinery, with products ranging from circuit protection and lighting solutions to hydraulic motors and filtration systems. Eaton's influence in the market is significant owing to its commitment to innovation and sustainability, which allows industries across the board to optimize power usage and reduce energy costs. Headquartered in Dublin, Ireland, with significant operations in the United States, Eaton leverages a global network to serve customers across more than 175 countries. As industries continue to evolve towards more sustainable practices, Eaton plays a vital role in supporting the transition by providing advanced power management technologies that cater to both commercial and residential needs.

Exchange NYSE Industry Specialty Industrial Machinery Company website ↗

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