UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 5, 2020, the Board of Directors of Hillenbrand, Inc. (the “Company”), on the recommendation of the Nominating/Corporate Governance Committee, elected Jennifer Rumsey to the Company’s Board of Directors as an independent director. Ms. Rumsey will serve an initial term that will expire at the Company’s next annual meeting of shareholders in February 2021, when she will be up for election for another term. Recognizing that a current Board member will be retiring at that time per the Company’s director retirement policy, the Board of Directors expanded its size from ten to eleven directors, and Ms. Rumsey has been elected to fill the resulting vacancy.
Ms. Rumsey was also appointed to the Board’s Nominating/Corporate Governance and Compensation and Management Development Committees.
The Company’s press release announcing the appointment of Ms. Rumsey is attached as Exhibit 99.1 to this Current Report.
Ms. Rumsey will be entitled to receive compensation for her service on the Board consistent with the Company’s compensation program for non-employee directors, as described under the heading “Compensation of Directors” in the Company’s proxy statement for its 2020 annual meeting of shareholders, filed with the Securities and Exchange Commission on January 2, 2020.
There are no transactions and no proposed transactions between Ms. Rumsey (or any member of her immediate family) and the Company (or any of its subsidiaries), and there is no arrangement or understanding between Ms. Rumsey and any other person or entity pursuant to which Ms. Rumsey was appointed as a director of the Company.
Item 9.01 | Exhibits and Financial Statements. |
(d) Exhibits. The following exhibits are filed with this report:
Exhibit No. | Description of Exhibit | |
99.1 | Press Release of Hillenbrand, Inc. dated August 5, 2020 | |
104 | Cover page Interactive Date File (embedded within Inline XBRL document) |
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, thereunto duly authorized.
Date: August 5, 2020 | |||
HILLENBRAND, INC. | |||
By: | /s/ NICHOLAS R. FARRELL | ||
Name: | Nicholas R. Farrell | ||
Title: | Vice President, General Counsel, Secretary and Chief Compliance Officer |
Exhibit 99.1
Hillenbrand Elects Jennifer Rumsey to Board of Directors
BATESVILLE, Ind., Aug. 5, 2020 - /PRNewswire/ - Hillenbrand, Inc. (the “Company”) (NYSE: HI) announced today that its Board of Directors has elected Jennifer Rumsey as an independent director. Ms. Rumsey will serve an initial term that will expire at the Company’s next annual meeting of shareholders in February 2021, when she will stand for reelection. Per the Company’s director retirement policy, current Board member Edward Cloues will retire from the Board at that time after more than ten years of outstanding service.
“Our Board regularly analyzes its evaluation results and skills matrix to ensure Board composition aligns with our strategic priorities and provides fresh professional perspectives to our decision making. As a current segment President and former Chief Technical Officer of a world-class industrial company, Jennifer brings key experience and complementary capabilities, and we are pleased to welcome an executive of her caliber to our Board,” said Joe Loughrey, Hillenbrand Chairperson. “Her extensive background in global operations, continuous improvement, technology and innovation, and talent development will help advance Hillenbrand’s strategy, particularly given the importance of technological advances in our businesses and our broader geographic footprint following the Milacron acquisition.”
Over her 20-year career at Cummins, Inc. (NYSE: CMI), Ms. Rumsey has served in a variety of leadership roles and is currently President of Cummins’ Components segment. She oversees an organization of more than 12,000 employees world-wide with annual sales of approximately $7 billion and a global customer base. She was previously Vice President and Chief Technical Officer at Cummins, where she led the global technical organization of 11,000 employees responsible for research and engineering across Cummins.
“Jennifer’s strategic mindset, track record in advanced technology development, and experience leading large global organizations make her an excellent addition to our Board,” added Loughrey. “We will benefit greatly from her perspective and expertise and look forward to her leadership contributions.”
Ms. Rumsey holds a Bachelor of Science degree from Purdue University and a Master of Science in Mechanical Engineering from Massachusetts Institute of Technology. She is Six Sigma certified.
“I am honored to be elected to the Board and look forward to leveraging my experience and capabilities to support Hillenbrand as it executes its strategy and continues to transform into a world-class industrial company,” said Rumsey. “It is a very exciting time in the Company’s history.”
About Hillenbrand
Hillenbrand (www.Hillenbrand.com) is a global diversified industrial company with businesses that serve a wide variety of industries around the world. We pursue profitable growth and robust cash generation to drive increased value for our shareholders. Hillenbrand's portfolio includes industrial businesses such as Coperion, Milacron Injection Molding & Extrusion, and Mold-Masters, in addition to Batesville, a recognized leader in the death care industry in North America. Hillenbrand is publicly traded on the NYSE under “HI.”
MEDIA CONTACTS
Investor Relations for Hillenbrand
Rich Dudley, Sr. Director, Investor Relations
812-931-5001
Rich.Dudley@Hillenbrand.com
Communications for Hillenbrand
Paul Whitmore, Manager,
Corporate Communications
812-931-5214
Paul.Whitmore@Hillenbrand.com
Cover |
Aug. 05, 2020 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Aug. 05, 2020 |
Entity File Number | 1-33794 |
Entity Registrant Name | HILLENBRAND, INC. |
Entity Central Index Key | 0001417398 |
Entity Tax Identification Number | 26-1342272 |
Entity Incorporation, State or Country Code | IN |
Entity Address, Address Line One | One Batesville Boulevard |
Entity Address, City or Town | Batesville |
Entity Address, State or Province | IN |
Entity Address, Postal Zip Code | 47006 |
City Area Code | 812 |
Local Phone Number | 934-7500 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, without par value |
Trading Symbol | HI |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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