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 26, 2015
(Date of earliest event reported)
ITT Corporation
(Exact name of registrant as specified in its charter)
Indiana | 001-05672 | 13-5158950 | ||
(State or other jurisdiction | (Commission | (I.R.S. Employer | ||
of incorporation) | File Number) | Identification No.) | ||
1133 Westchester Avenue White Plains, New York (Address of principal executive offices) 10604 (Zip Code) | ||||
(914) 641-2000 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:
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; Arrangements of Certain Officers.
(d) Election of Directors. On February 26, 2015 (the “Effective Date”), the Board of Directors of the Company elected Timothy H. Powers to its Board of Directors effective immediately.
On the Effective Date, the Board of Directors of the Company also appointed Timothy H. Powers to the Nominating and Governance Committee of the Board of Directors. On the Effective Date, the Board of Directors also considered the independence of Mr. Powers under the New York Stock Exchange listing standards and the Company's corporate governance principles and concluded that he is an independent director under the applicable standards.
A copy of the press release is attached as Exhibit 99.1 hereto and incorporated into this Form 8-K by reference.
Item 9.01. Financial Statements and Exhibits.
(a) | Exhibits |
Exhibit No. | Description | |||
99.1 | Press Release issued by ITT Corporation, dated February 26, 2015 | |||
 | ITT Corporation 1133 Westchester Ave. White Plains, NY 10604 tel 914 641 2000 |
Press Release
Investors:Media:
Melissa Trombetta Kathleen Bark
+1 914-641-2030 +1 914-641-2103
melissa.trombetta@itt.com kathleen.bark@itt.com
ITT elects Timothy H. Powers to its Board of Directors
WHITE PLAINS, N.Y., Feb. 26, 2015 - ITT Corporation (NYSE: ITT) announced today that it has elected Timothy H. Powers to its Board of Directors. Powers, 66, is the former chairman, president and chief executive officer of Hubbell Inc., a global manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications.
Powers formerly served as senior vice president and chief financial officer for Hubbell; executive vice president, finance and business development, Americas Region, at ABB Inc.; and vice president and corporate controller at BBC Brown Boveri Inc.
“We are extremely pleased to have Tim join our Board of Directors,” said ITT Chief Executive Officer and President Denise Ramos. “With his deep insight in the areas of management, strategic planning, and mergers and acquisitions in the manufacturing industry, he will bring a valuable perspective that will help us continue to drive growth and deliver value to shareowners.”
Powers is also a member of the board of directors of MeadWestvaco Corp.
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2014 revenues of $2.7 billion. For more information, visit www.itt.com.
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