Eaton Corp plc Announces Executive and Director Changes

Ticker: ETN · Form: 8-K · Filed: 2024-07-29T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-changes, board-of-directors

TL;DR

Eaton Corp plc shakes up board and exec comp. New directors in, one out.

AI Summary

Eaton Corporation plc announced on July 24, 2024, changes in its executive team and board of directors. Specifically, it reported the departure of Director Michael J. McVay and the election of new directors, along with updates to compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing details routine corporate governance changes, including director departures and appointments, which typically carry low inherent risk.

Key Players & Entities

FAQ

Who has departed from the Board of Directors?

Michael J. McVay has departed from the Board of Directors.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on July 24, 2024.

What is Eaton Corporation plc's country of incorporation?

Eaton Corporation plc is incorporated in Ireland.

What is the principal executive office address for Eaton Corporation plc?

The principal executive office is located at Eaton House, 30 Pembroke Road, Dublin 4, Ireland, D04 Y0C2.

What is the telephone number for Eaton Corporation plc?

The telephone number is +353 1637 2900.

From the Filing

0001140361-24-034686.txt : 20240729 0001140361-24-034686.hdr.sgml : 20240729 20240729163219 ACCESSION NUMBER: 0001140361-24-034686 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240724 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: 20240729 DATE AS OF CHANGE: 20240729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Eaton Corp plc CENTRAL INDEX KEY: 0001551182 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] ORGANIZATION NAME: 06 Technology IRS NUMBER: 981059235 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54863 FILM NUMBER: 241152869 BUSINESS ADDRESS: STREET 1: 30 PEMBROKE ROAD STREET 2: EATON HOUSE CITY: DUBLIN STATE: L2 ZIP: DUBLIN 4 BUSINESS PHONE: 353 1637 2900 MAIL ADDRESS: STREET 1: 30 PEMBROKE ROAD STREET 2: EATON HOUSE CITY: DUBLIN STATE: L2 ZIP: DUBLIN 4 FORMER COMPANY: FORMER CONFORMED NAME: Eaton Corp Ltd DATE OF NAME CHANGE: 20120530 8-K 1 ef20033078_8k.htm 8-K false 0001551182 NYSE 0001551182 2024-07-24 2024-07-24 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 24, 2024   EATON CORPORATION plc (Exact name of registrant as specified in its charter) Ireland   000-54863   98-1059235 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)     Eaton House , 30 Pembroke Road , Dublin 4 , Ireland   D04 Y0C2 (Address of principal executive offices)   (Zip Code)   + 353 1637 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 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))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of each exchange on which registered Ordinary shares ($0.01 par value)   ETN   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.   Emerging growth company ☐ 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. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On July 24, 2024, the Board of Directors (the “Board”) of Eaton Corporation plc (the “Company”) increased its size from nine to ten members and elected Karenann Terrell to fill the resulting vacancy, effective immediately. Ms. Terrell served as Chief Digital and Technology Officer of GSK plc, a British multinational pharmaceutical and biotechnology company, until her re

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