0001104659-13-029027.txt : 20130412 0001104659-13-029027.hdr.sgml : 20130412 20130412160943 ACCESSION NUMBER: 0001104659-13-029027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130409 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: 20130412 DATE AS OF CHANGE: 20130412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WATTS WATER TECHNOLOGIES INC CENTRAL INDEX KEY: 0000795403 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 042916536 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11499 FILM NUMBER: 13758843 BUSINESS ADDRESS: STREET 1: 815 CHESTNUT ST CITY: NORTH ANDOVER STATE: MA ZIP: 01845 BUSINESS PHONE: 9786881811 MAIL ADDRESS: STREET 1: 815 CHESTNUT STREET CITY: NORTH ANDOVER STATE: MA ZIP: 01845 FORMER COMPANY: FORMER CONFORMED NAME: WATTS INDUSTRIES INC DATE OF NAME CHANGE: 19920703 8-K 1 a13-9995_18k.htm 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):  April 9, 2013

 

Watts Water Technologies, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-11499

 

04-2916536

(State or other juris-
diction of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

815 Chestnut Street, North Andover, MA

 

01845

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (978) 688-1811

 

 

(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 (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            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.

 

(b)                                 Effective April 9, 2013, the Registrant’s President of North America, Srinivas K. Bagepalli, has taken an indefinite medical leave of absence.  The Registrant’s Chief Executive Officer, David J. Coghlan, is supervising management of the Registrant’s North America segment with day-to-day management responsibilities for the North America organization being handled by senior members of the North America management team.  Due to uncertainty regarding the duration of Mr. Bagepalli’s leave of absence, the Registrant has initiated a search for candidates to fill the President of North America position.

 

A copy of the Registrant’s press release relating to this matter is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d)                                 Exhibits

 

See Exhibit Index attached hereto.

 

2



 

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.

 

Date: April 12, 2013

WATTS WATER TECHNOLOGIES, INC.

 

 

 

By:

/s/ Kenneth R. Lepage

 

 

Kenneth R. Lepage

 

 

General Counsel

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Title

 

 

 

99.1

 

Press release dated April 12, 2013

 

4


EX-99.1 2 a13-9995_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

815 Chestnut Street · North Andover, MA · 01845-6098 · Tel. (978) 688-1811

 

FOR IMMEDIATE RELEASE

Contact:

Dean P. Freeman

 

 

Chief Financial Officer

 

 

 

 

 

Telephone:

(978) 688-1811

 

 

Fax:

(978) 688-2976

 

Watts Water Technologies Announces President of North America

has taken a Medical Leave of Absence

 

North Andover, MA…April 12, 2013.  Watts Water Technologies, Inc. (NYSE: WTS) announced today that its President of North America, Srinivas K. Bagepalli, has taken an indefinite medical leave of absence.  The Company’s Chief Executive Officer, David J. Coghlan, is supervising management of the Company’s North America segment with day-to-day management responsibilities for the North America organization being handled by senior members of the North America management team.  Due to uncertainty regarding the duration of Mr. Bagepalli’s leave of absence, the Company has initiated a search for candidates to fill the President of North America position.

 

David J. Coghlan, President and Chief Executive Officer, commented, “Since Srinivas joined the Company in October 2011, his leadership and contributions to Watts Water have been substantial.  However, we have a strong North America management team and they and I will focus our efforts on maintaining the momentum Srinivas helped build.  It is my sincere hope that Srinivas will eventually be able to return to Watts Water as a member of our senior management team.  However, given the uncertainty around the expected duration of his leave of absence, I have decided that it is in the best interests of the Company to initiate a search for a new President of North America.”

 

Watts Water Technologies, Inc., through its subsidiaries, is a world leader in the manufacture of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensive supplier to the water industry.

 


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