0000032604-13-000022.txt : 20130711 0000032604-13-000022.hdr.sgml : 20130711 20130711171128 ACCESSION NUMBER: 0000032604-13-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130710 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130711 DATE AS OF CHANGE: 20130711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMERSON ELECTRIC CO CENTRAL INDEX KEY: 0000032604 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] IRS NUMBER: 430259330 STATE OF INCORPORATION: MO FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00278 FILM NUMBER: 13964444 BUSINESS ADDRESS: STREET 1: 8000 W FLORISSANT AVE STREET 2: P O BOX 4100 CITY: ST LOUIS STATE: MO ZIP: 63136 BUSINESS PHONE: 3145532000 MAIL ADDRESS: STREET 1: 8000 W. FLORISSANT STREET 2: P.O. BOX 4100 CITY: ST LOUIS STATE: MO ZIP: 63136 FORMER COMPANY: FORMER CONFORMED NAME: EMERSON ELECTRIC MANUFACTUING CO DATE OF NAME CHANGE: 19730710 8-K 1 a8-kturley.htm 8-K 8-K Turley

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 10, 2013

Emerson Electric Co.
-------------------------------------------------
(Exact Name of Registrant as Specified in Charter)

Missouri
---------------------------------
(State or Other Jurisdiction of Incorporation)
1-278
-------------------
(Commission
File Number)
43-0259330
---------------------------
(I.R.S. Employer Identification Number)

8000 West Florissant Avenue
St. Louis, Missouri
------------------------------------------------
(Address of Principal Executive Offices)
 
 
63136
-------------------
(Zip Code)

Registrant’s telephone number, including area code:

(314) 553-2000
------------------------------------------
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.
(d) On July 10, 2013, the Board of Directors of Emerson Electric Co. (the “Company”) elected James S. Turley, retired Chairman and Chief Executive Officer of Ernst & Young, as a Director of the Company. He will stand for election at the Company's 2014 Annual Meeting of Stockholders. Mr. Turley was also appointed to serve as a member of the Audit Committee and the Corporate Governance and Nominating Committee.
Mr. Turley will be compensated on the same basis as all other non-management Directors of the Company, as described under “Director Compensation” in the Company's Proxy Statement for its 2013 Annual Meeting of Stockholders. This includes an award of 1,272 shares of restricted stock, representing a $72,917 pro rata award of the $125,000 restricted stock portion of the annual retainer payable to all non-management directors.
A copy of the July 11, 2013 press release announcing Mr. Turley's election is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Description of Exhibits
99.1
Press release dated July 11, 2013.









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.

 
 
EMERSON ELECTRIC CO.
(Registrant)

Date:   July 11, 2013
By:
  /s/ John G. Shively
 
 
   John G. Shively
   Assistant General Counsel
   and Assistant Secretary

 

 






EXHIBIT INDEX
Exhibit Number
Description of Exhibits
99.1
Press Release Dated July 11, 2013

 



EX-99.1 2 turleyemrboardfinal7-10x13.htm EXHIBIT TurleyEMRBoardfinal7-10-13docx


EMERSON NAMES JAMES TURLEY TO
BOARD OF DIRECTORS
ST. LOUIS, July 11, 2013 – James S. Turley, retired chairman and chief executive officer of Ernst & Young, one of the largest professional services organizations in the world, has been elected to Emerson’s (NYSE:EMR) board of directors, Chairman and CEO David N. Farr announced today.
Turley had served as chairman and CEO of Ernst & Young since 2001, and retired this year. He joined the company in 1977 as a member of the firm’s Houston office, and over the years he has held a series of leadership positions. Based in New York and London, he also served as senior advisory partner for many of Ernst & Young’s largest global clients.
“Jim has an excellent financial background, broad business experience in global economics and an intense focus on quality,” Farr said. “His initiative, business insight and integrity will be great assets to Emerson shareholders as we drive growth in our businesses and leadership in the industries we serve around the world.”
Turley previously served as Metropolitan New York Area Managing Partner of Ernst & Young LLP in 1998 and was appointed Deputy Chairman in 2000. As chairman, he actively worked to enhance the public’s trust in financial services firms and in the quality of financial reporting, and has been a driving force on key issues in the industry, including global auditing standards and global governance.
In addition, Turley will serve as a member of the Audit Committee and the Corporate Governance and Nominating Committee.

-more-









Turley page 2

Turley holds an undergraduate degree and a master's in accounting from Rice University. He serves on the Board of Directors of the Boy Scouts of America and the Board of Trustees for Rice University, and is chair of the National Corporate Theatre Fund. He also serves on President Obama's Export Council. He was on the board of Catalyst from 2001-2013, serving as its Chair from 2009-2013, and until his retirement was a member of the Business Roundtable and IBLAC (International Business Leaders Advisory Council for the Mayor of Shanghai), and was co-chair of Russia's Foreign Investment Advisory Council. He also chaired the Governing Board of the U.S. Center for Audit Quality from 2007-2011. Turley also recently joined the
board of Citigroup.

About Emerson
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world.  The company is comprised of five business segments:  Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.  Sales in fiscal 2012 were $24.4 billion.  For more information, visit www.Emerson.com.
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