0000038725-16-000366.txt : 20160531 0000038725-16-000366.hdr.sgml : 20160531 20160531141828 ACCESSION NUMBER: 0000038725-16-000366 CONFORMED SUBMISSION TYPE: SD PUBLIC DOCUMENT COUNT: 2 13p-1 1.01 20151231 1.02 20151231 FILED AS OF DATE: 20160531 DATE AS OF CHANGE: 20160531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN ELECTRIC CO INC CENTRAL INDEX KEY: 0000038725 STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621] IRS NUMBER: 350827455 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SD SEC ACT: 1934 Act SEC FILE NUMBER: 000-00362 FILM NUMBER: 161685136 BUSINESS ADDRESS: STREET 1: 9255 COVERDALE ROAD CITY: FORT WAYNE STATE: IN ZIP: 46809 BUSINESS PHONE: 2608242900 MAIL ADDRESS: STREET 1: 9255 COVERDALE ROAD CITY: FORT WAYNE STATE: IN ZIP: 46809 SD 1 a20160601formsd.htm SD Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM SD
Specialized Disclosure Report


FRANKLIN ELECTRIC CO., INC.
(Exact name of registrant as specified in its charter)
Indiana
 
0-362
 
35-0827455
(State of incorporation)
 
(Commission File Number)
 
(IRS employer identification no.)

9255 Coverdale Road
 
 
Fort Wayne, Indiana
 
46809
(Address of principal executive offices)
 
(Zip code)

John J. Haines
(260) 824-2900
(Name and telephone number, including area code, of the person to contact in connection with this report.)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

[x] Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2015.



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.

FRANKLIN ELECTRIC CO., INC.
(Registrant)

Date: May 31, 2016
 
By
/s/ John J. Haines
 
 
 
John J. Haines
 
 
 
Vice President and Chief Financial Officer and Secretary
 
 
 
(Principal Financial and Accounting Officer)

Section 1 - Conflict Minerals Disclosure

Item 1.01 Conflict Minerals Disclosure and Report

Franklin Electric Co., Inc. (the “Company”) is providing this Form SD in accordance with Rule 13p-1 under the Securities Exchange Act of 1934 (“Rule 13p-1”) for the reporting period from January 1, 2015 to December 31, 2015. The Company has filed its Conflict Minerals Report, which appears as Exhibit 1.01 hereto and is publicly available at www.franklin-electric.com.
Item 1.02 Exhibit
A copy of the Company’s Conflict Minerals Report is provided as Exhibit 1.01 hereto.
Section 2 - Exhibits

Item 2.01 Exhibits
Exhibit 1.01 - Conflict Mineral Report as required by Items 1.01 and 1.02 of this Form.


EX-1.01 2 a20160601exhibit101.htm EXHIBIT 1.01 Exhibit



EXHIBIT 1.01
Franklin Electric Co., Inc.
Conflict Mineral Report
For the Calendar Year Ended December 31, 2015


This report for the year ended December 31, 2015 has been prepared pursuant to Rule 13p-1 and the Specialized Disclosure Report on Form SD ("Form SD") under the Securities Exchange Act of 1934.

Pursuant to SEC guidance issued April 29, 2014 and the SEC order issued May 2, 2014, Franklin Electric Co., Inc. (“Franklin Electric”) is not required to describe any of its products as “DRC conflict free” (as defined in Section 1, Item 1.01(d)(4) of Form SD), “DRC conflict undeterminable” (as defined in Section 1, Item 1.01(d)(5) of Form SD) or “having not been found to be ‘DRC conflict free,’” and therefore makes no such conclusion in this report. 

Because Franklin Electric has not voluntarily elected to describe any of its products as “DRC conflict free,” an independent private sector audit of this report has not been conducted.

I.
Company Overview

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and automotive fuels. Recognized as a technical leader in its specialties, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric has over 5,000 employees, and sells more than 40,000 products into markets globally.

II.
Conflict Mineral Compliance Program

Franklin Electric’s Conflict Minerals Compliance Program was adopted in 2014 with the purpose of communicating requirements to suppliers, signaling compliance to customers, and implementing the Organization for Economic Development Guidance for Responsible Supply Chains of Minerals from Conflict-Afflicted and High Risk Areas.

III.
Conflict Minerals Analysis and Reasonable Country of Origin Inquiry

Upon review of its products and it production processes, Franklin Electric determined that conflict minerals were used and did meet the standard of necessary to the functionality, as defined in the rules.

In order to conduct a reasonable country of origin inquiry, (“COI”), Franklin Electric surveyed each of its In-Scope suppliers, using the Electronics Industry Citizenship Coalition’s Global eSustainability Initiative Conflict Minerals Reporting survey (“GeSI”). For purposes of the Conflict Mineral Compliance Program, a supplier is In-Scope unless it supplies Franklin Electric with packaging, plastic, chemicals, or the like.

IV.
Results

Franklin Electric distributed over 1,400 GeSI to its In-Scope global supply base. Including the responses received during the 2014 survey period, Franklin Electric has received acceptable responses (meaning the supplier conclusively stated that any conflict minerals supplied were not sourced from the covered countries) from over eighty percent of those suppliers. The remaining suppliers either failed to respond or are still conducting their own diligence. No suppliers stated conclusively that they sourced conflict minerals from the covered countries.

Based on its COI, Franklin Electric has no reason to believe that the conflict minerals used in its product may have originated in the covered countries.

V.
Process Improvement Efforts

During the calendar year 2016, Franklin Electric will continue to mitigate future risks of using conflict minerals from the covered countries by surveying suppliers and attempting to purchase from suppliers who are able to state they are DRC Conflict Free.