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: October 19, 2016
(Date of earliest event reported)
ITT INC.
(Exact name of registrant as specified in its charter)
Indiana | 001-05672 | 81-1197930 | ||
(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 October 19, 2016, the Board of Directors of the Company elected Nicholas Fanandakis to its Board of Directors to be effective on October 20, 2016.
The Board of Directors of the Company also appointed Nicholas Fanandakis to the Audit Committee of the Board of Directors to be effective as of October 20, 2016. The Board of Directors also considered the independence of Mr. Fanandakis 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 Inc., dated October 20, 2016 | |
SIGNATURES
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.
ITT INC. (Registrant) | ||
October 20, 2016 | By: | /s/ Mary E. Gustafsson |
Name: Mary E. Gustafsson | ||
Title: Senior Vice President, General Counsel and Chief Compliance Officer (Authorized Officer of Registrant) | ||
EXHIBIT 99.1
Press Release | ITT Inc. 1133 Westchester Ave. White Plains, NY 10604 tel 914 641 2000 |
Investors: | Media: |
Melissa Trombetta | Kathleen Bark |
+1 914-641-2030 | +1 914-641-2103 |
melissa.trombetta@itt.com | kathleen.bark@itt.com |
ITT elects Nicholas C. Fanandakis to its Board of Directors
WHITE PLAINS, N.Y., Oct. 20, 2016 – ITT Inc. (NYSE: ITT) announced today that it has elected Nicholas C. Fanandakis to its Board of Directors. Fanandakis, 59, is the Executive Vice President and Chief Financial Officer of E.I. du Pont de Nemours and Co. (DuPont).
Fanandakis formerly served as Group Vice President of DuPont Applied BioSciences and Vice President of Corporate Plans, as well as in a variety of operational, marketing and product management roles in the Petrochemicals, Chemical & Pigments, Specialty Chemicals and Industrial Solutions areas.
“We are extremely pleased to have Nick join our Board of Directors,” said ITT Chief Executive Officer and President Denise Ramos. “Given his deep insight in the industrial market space from more than 35 years with DuPont and his significant experience as a chief financial officer, Nick will bring a unique perspective that will help ITT continue to drive long-term growth in our key global end markets.”
Fanandakis serves on the Board of Directors of FTI Consulting Inc., where he is chairman of the Audit Committee.
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 2015 revenues of $2.5 billion. For more information, visit www.itt.com.