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: February 23, 2022
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission File Number) | (IRS Employer | ||||||||||||
| of incorporation) | Identification No.) | |||||||||||||
(Address of principal executive offices, including zip code)
(847 ) 498-7070
(Registrant’s telephone number, including area code)
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)) | |||||
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company 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 | ||||||||||||||||||||||||||
| 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 February 23, 2022, the Board of Directors (the “Board”) of IDEX Corporation (the “Company”) appointed L. Paris Watts-Stanfield to serve as a member of the Board and as a member of the Audit Committee of the Board, effective February 25, 2022, increasing the size of the Board from 10 to 11 members. Ms. Watts-Stanfield will participate in the compensation arrangements for non-employee members of the Board described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on March 23, 2021.
Item 9.01. Financial Statements and Exhibits.
(a)Exhibits
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
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.
| IDEX CORPORATION | ||||||||
| By: | /s/ WILLIAM K. GROGAN | |||||||
| William K. Grogan | ||||||||
| Senior Vice President and Chief Financial Officer | ||||||||
| February 28, 2022 | ||||||||
EXHIBIT INDEX
| Exhibit Number | Description | ||||||||||
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) | ||||||||||
Exhibit 99.1
IDEX Corporation Announces Appointment of Paris Watts-Stanfield to Board of Directors
NORTHBROOK, IL (February 28, 2022) – IDEX Corporation (NYSE:IEX) today announced the appointment of Paris Watts-Stanfield to the company’s Board of Directors. The appointment of Ms. Watts-Stanfield, effective February 25, 2022, increases the size of the board from 10 to 11 directors. She will serve on the board’s Audit Committee.
Ms. Watts-Stanfield currently serves as Vice President and Chief Financial Officer, Greater China, of Medtronic, Inc., a global leader in medical technology, services and solutions. She has deep experience in corporate finance and audit functions through a career spanning Medtronic, Alcoa, Wal-Mart, and Procter & Gamble.
“Paris brings outstanding global business skills and broad experience to IDEX to support our next chapter of growth and value creation. We see tremendous personal alignment to the mission that supports our efforts, Trusted Solutions, Improving Lives®,” said IDEX Chief Executive Officer and President Eric D. Ashleman.
A passionate community advocate, Paris serves on the board of Feeding America. In addition, she is a member of the African Descent Network leadership team at Medtronic. She holds an MBA in Finance, Organizations & Markets from the University of Rochester, Simon School of Management, and a bachelor’s degree in Mathematics from the State University of New York.
“Paris has unique perspectives to offer regarding global financial systems and controls, as well as the Environmental, Social and Governance (ESG) commitments a company ought to be making today. She will certainly enhance our dialog in guiding IDEX to new levels of success,” said William M. Cook, Non-Executive Chairman of the Board.
About IDEX
IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call over 45 diverse businesses around the world part of the IDEX family. With more than
7,500 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global company with nearly $2.8 billion in sales, committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.
For further information on IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com.
Contact
IDEX Corporation
William K. Grogan
Senior Vice President and Chief Financial Officer
847-498-7070