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): May 3, 2019

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)

(260) 824-2900

(Registrant's telephone number, including area code)

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 7.01. Regulation FD Disclosure

Gregg Sengstack, Chairman and Chief Executive Officer, of Franklin Electric Co. Inc. (the "Company") will present at the Annual Shareholders' Meeting in Fort Wayne, Indiana on May 3, 2019. A copy of the presentation slides are furnished herewith as Exhibit 99.1 and are incorporated herein by reference. The presentation slides will be available on the Company's website (www.franklin-electric.com) in the Investor Relations - Presentations section of the website for thirty days after the presentation. This Current Report on Form 8-K and the presentation slides attached hereto are being furnished pursuant to Item 7.01 of Form 8-K.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

Exhibit Number	Description
99.1	Presentation slides of Franklin Electric Co. Inc.'s Annual Shareholders' Meeting on May 3, 2019

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 3, 2019	By	/s/ John J. Haines
		John J. Haines
		Vice President and Chief Financial Officer
		(Principal Financial and Accounting Officer)

EXHIBIT INDEX

Exhibit Number	Description
99.1	Presentation slides of Franklin Electric Co. Inc.'s Annual Shareholders' Meeting on May 3, 2019

EX-99.1

1

2019 Shareholders Meeting Gregg Sengstack, Chairman and CEO | May 2019

SAFE HARBOR STATEMENT: “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward‐looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10‐K for the fiscal year ending December 31, 2018, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10‐Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward‐looking statements. All forward‐looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward‐looking statements. 3

First Quarter 2019 Results (Amounts in millions except share data) Sales E.P.S. Operating Cash Flow (before restructuring)  $300.0  $0.50  $‐ $295.6  $0.45  $290.7   $(5.0) $(2.9)  $0.40  $(10.0)  $0.30  $(15.0)  $275.0 $0.21   $0.20  $(20.0)  $0.10  $(25.0)  $(30.0) $(27.2)  $250.0  $‐ Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018              Q1 2019 Weather driven earning decline. Substantial improvement in cash flow.  Maintaining full year 2019 guidance of $2.37 to $2.47 4

STRATEGIC FOCUS: To grow as a global provider of water and fuel  systems, through geographic expansion and product  line extensions, leveraging our global platform  and competency in system design. 5

Strategic Focus Residential, Agricultural, Commercial Water Systems Complete Fueling Systems $6.0 B Global Market Potential(1) $1.2 B Global Market Potential(1) Strong Brand Franchise Mission Critical Products  and Systems #1 or #2 in  Addressable Markets  Applications with High  Cost of Downtime Growing Global Footprint Fragmented  Contractors Value  Customer Base Technical Support Fragmented  Deep Understanding  Supply Base of Applications (1) Current Franklin management estimates 6

Franklin Electric – Revenue Sources WATER SYSTEMS FUELING SYSTEMS DISTRIBUTION $800M (60%) $285M (20%) $270M (20%) 7

Global Footprint Locations with 50+ employees 8

Sales in Developing Regions Constant Currency $550 $533  $500 $500  $450 $481  $459  $400 $413  $350 $356  $335  $300 $286  ($ in millions) $250 $246  $200 $218  $150 $100 $50 $0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9

Headwater Companies • Extend our position in  groundwater • Move closer to  contractor • Optimize supply chain • Opportunities to move  into adjacencies: • Filtration • Treatment • Irrigation • Commercial 10

Product Line Extensions Water Systems Fueling Systems 11

Innovations in Water Systems INLINE DELTA High Efficiency Variable Frequency Drives High Efficiency PRESSURE BOOSTER PERMANENT MAGNET with Bluetooth‐Enabled SUBMERSIBLE PUMPS MOTORS Mobile Apps High‐Rise Buildings & Light 4 & 6 inch encapsulated Residential/Commercial HVAC,  Patent‐pending design  Industrial Applications submersible motors with  Cooling Tower, & Pumping  configurations exceed  Quiet modular design with lower operating costs. Applications  U.S. Dept of Energy  regulations built‐in proprietary  protection features. 12

Innovations in Fueling Systems EVO 200/400 FFS PRO Verify Corrosion Control FUEL MANAGEMENT Installation Quality Assurance In‐tank & In‐Sump Corrosion Control 2018 Sales of $4 Million Cloud service that provides  Mitigates corrosion and  remote installation quality  protects sites from its  2019 Sales of $2 Million YTD and safety assurance. potentially costly effects.  13

Organic Sales Growth(a) 20.0% 15.0% 15.0% 11.7% 9.8% 10.0% 8.6% 7.8% 8.2% 8.1% 5.1% 5.2% 5.1% 5.0% 3.8% 2.1% 2.5% 0.0% 2014 2015 2016 2017 2018 ‐5.0% ‐5.2% ‐7.2% ‐10.0% Water Fueling Consolidated (a) Organic sales growth for FE Water and Fueling Systems segments only.  Excludes acquisitions for one year and impact of Foreign Currency translation. 14

Sales & EPS Consolidated Sales EPS (before restructuring)  $1,400  $2.50 $1,298  $2.26   $1,200 $1,125  $1,048   $2.00 $1.92   $1,000 $950  $925  $1.65  $1.64  $1.54   $1.50  $800 ($ in millions)  $600  $1.00  $400  $0.50  $200  $‐  $‐ 2014 2015 2016 2017 2018 2014 2015 2016 2017* 2018 *2017: EPS (Before Restructuring and the US Tax law changes) 15

Cash Flow  $120 $106  $107   $100 $82  $79  $78   $80 $76  $73  $70   $60 ($ in millions)  $40 $34   $20 $12   $‐ 2014 2015 2016 2017 2018 Net Income FCF (Cash Flow from Operations less net Capital Expenditures) 16

ROIC & Dividends ROIC(a) Dividends ($ per Share)  16.5%  $0.50 16.0% 16.0%  $0.45  $0.40 15.5% 15.0%  $0.35 15.0% 14.7% 14.5%  $0.30 14.5%  $0.25 14.0%  $0.20 13.5% 13.5%  $0.15 13.0%  $0.10 12.5%  $0.05 12.0%  $‐ 2014 2015 2016 2017 2018 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (a) ROIC = Operating Income before restructuring charges divided by Net Debt plus Equity  17

2019 Shareholders Meeting Gregg Sengstack, Chairman and CEO | May 2019