UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) February 18, 2014
WHIRLPOOL CORPORATION
(Exact name of registrant as Specified in Charter)
Delaware | 1-3932 | 38-1490038 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2000 M-63 North, Benton Harbor, Michigan | 49022-2692 | |
(Address of Principal Executive Offices) | (Zip Code) |
(269) 923-5000
(Registrants telephone number, including area code)
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 February 18, 2014, the Board of Directors (the Board) of Whirlpool Corporation appointed Geraldine T. Elliott a Director of Whirlpool Corporation and a member of the Boards Human Resources Committee and Audit Committee.
Ms. Elliotts compensation will be consistent with that of other nonemployee directors, consisting of an annual cash retainer in the amount of $120,000, and annual equity compensation, to be paid in Whirlpool common stock, in the amount of $120,000. In addition, pursuant to the terms of the nonemployee director compensation program, Ms. Elliott received a grant of 1,000 shares of Whirlpool common stock under the Amended and Restated 2010 Omnibus Stock and Incentive Plan, upon her appointment to the Board.
The press release announcing the appointment of Ms. Elliott is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
99.1 | Press Release dated February 18, 2014 |
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.
WHIRLPOOL CORPORATION | ||||||
Date: February 19, 2014 | By: | /s/ KIRSTEN J. HEWITT | ||||
Name: Kirsten J. Hewitt | ||||||
Title: Senior Vice President Corporate Affairs, General Counsel, and Corporate Secretary |
Exhibit 99.1
CONTACT:
Whirlpool Corporation
Media: Whirlpool Corporation Press Office, 269/923-7405
Media@Whirlpool.com
Financial: Joe Lovechio, 269/923-2641
Investor_Relations@Whirlpool.com
WHIRLPOOL APPOINTS GERRI ELLIOTT TO BOARD OF DIRECTORS
BENTON HARBOR, Mich. February 18, 2014 Whirlpool Corporation (NYSE: WHR) announced today the appointment of Geraldine Gerri Elliott, executive vice president and chief customer officer at Juniper Networks, to its board of directors, effective immediately.
Gerri has exceptional information technology and leadership expertise, and we are delighted to welcome her to our board, said Jeff M. Fettig, Whirlpool Corporations chairman and chief executive officer. As we drive results in an increasingly digital economy, Gerris strategic understanding of transformative digital technologies, as well as her global marketing, sales and service experience, will be invaluable to our board of directors and Whirlpool Corporation.
Elliott, 57, was appointed executive vice president and chief customer officer of Juniper Networks in 2013, after prior roles as executive vice president and chief sales officer, and as executive vice president of strategic alliances. In January 2014, Elliott announced her personal decision to retire from Juniper, effective later in the year. In her current role, she drives the strategic and operational objectives for the companys global marketing, sales, systems engineering, advanced technologies, channel partners, field operations and customer service and support organizations. Elliott joined Juniper in 2009 from Microsoft Corporation, where she held a series of senior executive positions, including as corporate vice president of the companys Worldwide Public Sector organization. Prior to joining Microsoft, Elliott spent 22 years at IBM Corporation, where she held executive and management positions in strategy development, services and consulting, product management and sales leadership.
Elliott holds a bachelors degree in International Politics from New York University. She serves on the advisory boards for Catalyst and the Center for Executive Women Senior Leadership Program at Northwestern Universitys Kellogg School of Management.
About Whirlpool Corporation
Whirlpool Corporation is the worlds leading global manufacturer and marketer of major home appliances, with annual revenues of approximately $19 billion in 2013, 69,000 employees and 59 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world. Additional information about the company can be found at http://www.whirlpoolcorp.com.
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