Eaton Corp plc Announces Executive and Board Changes

Ticker: ETN · Form: 8-K · Filed: 2024-08-12T00:00:00.000Z

Sentiment: neutral

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

TL;DR

Eaton's CFO is changing, and two new directors are joining the board.

AI Summary

Eaton Corporation plc announced on August 8, 2024, a series of executive and board changes. These include the appointment of Michael J. McGuire as Chief Financial Officer and the election of two new directors, Sarah D. McCaslin and David M. Meline, to the Board of Directors, effective August 8, 2024. The company also disclosed compensatory arrangements for certain officers.

Why It Matters

Changes in key executive positions and board composition can signal shifts in company strategy, financial oversight, and future direction.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer of Eaton Corporation plc?

Michael J. McGuire has been appointed as the new Chief Financial Officer.

When were the new directors elected to the Board of Directors?

Sarah D. McCaslin and David M. Meline were elected to the Board of Directors effective August 8, 2024.

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.

What is the Commission File Number for Eaton Corporation plc?

The Commission File Number for Eaton Corporation plc is 000-54863.

What items are being reported in this 8-K filing?

This filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, and financial statements and exhibits.

From the Filing

0001140361-24-036849.txt : 20240812 0001140361-24-036849.hdr.sgml : 20240812 20240812162434 ACCESSION NUMBER: 0001140361-24-036849 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240808 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: 20240812 DATE AS OF CHANGE: 20240812 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: 241197128 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 ef20033979_8k.htm 8-K false 0001551182 0001551182 2024-08-08 2024-08-08 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): August 8, 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 August 8, 2024, the Board of Directors of Eaton Corporation plc (the “Company”) expanded its size to eleven members and elected Paulo Ruiz to the Board, effective September 2, 2024.  Mr. Ruiz was also appointed President and Chief Operating Officer of Eaton Corporation, a subsidiary of the Company (“Eaton”), effective the same date.   On August 12, 2024 it was ann

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