Recent Updates — EMR
Emerson Electric Co. announced its second quarter results and the election of Jennifer G. Newstead, Apple's Senior Vice President and General Counsel, to its Board of Directors effective August 3, 2026. Ms. Newstead will also serve on the Compensation and Corporate Governance and Nominating Committees and will receive a pro rata restricted stock unit award of $95,000.
Emerson Electric Co. entered into a new $2 billion 364-day unsecured credit facility on February 10, 2026, to support general corporate purposes and provide liquidity backup for commercial paper borrowings. This facility replaces a previous $3 billion credit agreement and is scheduled to expire on February 9, 2027.
Emerson Electric Co. announced the results of its 2026 Annual Meeting of Shareholders, where shareholders elected three directors and approved executive compensation and the appointment of KPMG LLP. A proposal to amend the company's Articles of Incorporation to declassify the Board of Directors failed to pass, as it did not meet the required 85% approval threshold.
Emerson Electric Co. released its first quarter financial results via a press release on February 3, 2026. The filing provides the company's quarterly performance updates and includes supplemental non-GAAP financial measures.
Emerson Electric Co. has announced a reorganization of its reportable segments into five new categories effective fiscal 2026. The new structure consolidates its operations into the Software & Systems group, the Intelligent Devices group, and the Safety & Productivity segment.
Emerson Electric Co. granted special performance-based stock option awards to CEO Lal Karsanbhai and COO Ram Krishnan, with each executive receiving 350,000 options. The awards consist of five tranches of 70,000 options each, with exercise prices ranging from the current market price of $128.46 to a 100% premium of $256.92. These options vest pro rata over a five-year period.