8-K

 

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 30, 2010

AMETEK, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	1-12981	14-1682544
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
37 North Valley Road, Paoli, Pennsylvania		19301
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 610-647-2121

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))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Anthony J. Conti was appointed to the Board of Directors of AMETEK, Inc., or the "Company," effective July 29, 2010. Mr. Conti joined the Board as an independent director and was also appointed to serve on the Audit Committee of the Board of Directors. There is no arrangement or understanding between Mr. Conti and any other person pursuant to which he was appointed as a director.

Non-employee directors receive compensation for service as a director as described in the Company’s proxy statement for the 2010 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on March 15, 2010. On July 29, 2010, the Company’s Board of Directors increased the annual basic retainer fee from $45,000 to $55,000, retroactive to January 1, 2010, for all non-employee directors. Accordingly, Mr. Conti will receive the pro rata portion of the annual fee which will be $27,500, paid on a quarterly basis. In addition, non-employee directors receive $3,750 for each of the four in person meetings of the Board of Directors they attended. There are no additional fees for attendance at the Board meetings held by telephone or committee meetings. Non-employee directors are also entitled to restricted stock and option awards. On July 29, 2010, Mr. Conti received a grant of 688 shares of restricted stock at $44.15 and options to purchase 2,114 shares of common stock with an exercise price of $44.15, vesting in four equal annual installments beginning one year from the date of grant.

On July 30, 2010, the Company issued a press release announcing Mr. Conti’s appointment, a copy of which is attached as Exhibit 99.1 hereto and is hereby incorporated by reference in this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibit

99.1 Copy of press release issued by AMETEK, Inc. on July 30, 2010.

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.

	AMETEK, Inc.
July 30, 2010	By:	/s/ Robert R. Mandos, Jr.
		Name: Robert R. Mandos, Jr.
		Title: Senior Vice President and Comptroller

Exhibit Index

Exhibit No.	Description
99.1	Copy of press release issued by AMETEK, Inc. on July 30, 2010.

EX-99.1

CORPORATE OFFICE
37 North Valley Road, Building 4, P.O. Box 1764, PAOLI, PA 19301-0801

Contact: William J. Burke (610) 889-5249

AMETEK ANNOUNCES APPOINTMENT OF ANTHONY J. CONTI
TO BOARD OF DIRECTORS

Paoli, PA., July 30, 2010—AMETEK, Inc. (NYSE: AME) today announced that its Board of Directors has appointed Anthony J. Conti as a new director of the Company. Mr. Conti retired in 2009 from PricewaterhouseCoopers after a distinguished 37-year career, 29 years as a partner.

Frank Hermance, AMETEK Chairman and Chief Executive Officer, said, “I am very pleased to welcome Tony to AMETEK’s Board of Directors. Tony is a seasoned business leader with a strong financial and industrial background. We expect him to make significant contributions to the Board and the Company as we continue AMETEK’s growth.”

Mr. Conti joined Coopers and Lybrand in 1973 and became a partner in 1980, serving a wide range of industrial, technology, utility and health services clients. Mr. Conti held a number of leadership roles with Coopers & Lybrand, and later with PricewaterhouseCoopers, after its merger with Price Waterhouse in 1998.

Mr. Conti was the Managing Partner of the firm’s Harrisburg Office from 1984 to 1989. He then served as the Managing Partner of the Pittsburgh office from 1989 to 1991. From 1990 to 1994, Mr. Conti was a member of the firm’s Governing Board and Chairman of its Nominating Committee, and was the firm’s Vice Chairman, Human Capital and Strategy, and a member of the Firm Leadership team from 1991 to 1994. From 1994 to 1998, he was the Partner in Charge of the Assurance practice in Pennsylvania, and, from 1998 to 2005, he was a Regional Managing Partner for the Assurance practice. From 2005 through 2009, Mr. Conti was the Managing Partner of the firm’s Philadelphia office.

Mr. Conti also is a civic leader in the Southeastern Pennsylvania community. He is presently Chairman of the Board of the World Affairs Council of Philadelphia and previously served as a Member of the Board and Executive Committee of the United Way of Southeastern Pennsylvania.

Mr. Conti holds a Bachelors of Arts degree in Economics from St. Joseph’s University and a Masters of Business Administration from Temple University. Mr. Conti is a Certified Public Accountant.

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AMETEK ANNOUNCES APPOINTMENT OF ANTHONY J. CONTI TO BOARD OF DIRECTORS
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Corporate Profile

AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with 2009 sales of $2.1 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.

Forward-looking Information

Statements in this news release relating to future events, such as AMETEK’s expected business and financial performance are “forward-looking statements.” Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; our ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK’s filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.

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