The company said the board increased its size to 9 directors and appointed Gregg C. Sengstack to the board, with both actions effective as of December 4, 2024.

1. 01

   The company said the board increased its size to 9 directors and appointed Gregg C. Sengstack to the board, with both actions effective as of December 4, 2024.

2. 02

   The company said Sengstack, 66, is currently Executive Chairperson of Franklin Electric Co., Inc., and served as its Chief Executive Officer from 2014 to July 2024.

3. 03

   The company said the board determined that Sengstack is an independent director under New York Stock Exchange listing standards and the company's Corporate Governance Guidelines, and that he will serve on the Audit and Finance Committee, the Compensation and Human Capital Committee and the Corporate Governance and Nominating Committee.

4. 04

   Allegion said Sengstack will receive compensation under the non-employee director compensation program and is expected to enter into the company's standard Deed Poll Indemnity. It also said the appointment gives the board a 9-member structure, including 8 independent directors.

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