Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
As previously disclosed in a Current Report on Form 8-K filed on February 1,
2021 (the "8-K"), Surendralal (Lal) L. Karsanbhai has become Chief Executive
Officer and a Director of Emerson Electric Co. (the "Company"), succeeding David
N. Farr, effective February 5, 2021. Subsequent to the filing of the 8-K, the
Company approved certain compensation changes for Mr. Karsanbhai in connection
with his appointment as Chief Executive Officer of the Company.
Mr. Kasanbhai's salary has been increased to $1.2 million. His bonus opportunity
will increase, consistent with the mix of total compensation described in the
Company's annual proxy statement under "Executive Compensation-Fiscal 2020
Annual Total Compensation Mix". In addition, Mr. Karsanbai received an
additional award of 67,900 performance share units under the Company's 2021
performance shares program, which are subject to the achievement of the
Company's performance goals over the three-year performance period ending
September 30, 2023. Mr. Karsanbhai will also be eligible for the Company's
security, perquisites and other benefits, as may be adjusted from time to time.
For additional information on these compensation arrangements, please see
"Executive Compensation" in the Company's annual proxy statement.
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