Lennox said its board elected Jon Vander Ark as a Class II director on May 20, 2024. The appointment takes effect on June 1, 2024, and his term expires at the company's 2027 annual meeting of stockholders.

1. 01

   Lennox said its board elected Jon Vander Ark as a Class II director on May 20, 2024. The appointment takes effect on June 1, 2024, and his term expires at the company's 2027 annual meeting of stockholders.

2. 02

   The company said it assigned Vander Ark to the Audit Committee and the Public Policy Committee. The board said it determined that he is independent and has no material direct or indirect interest in a related party transaction that requires disclosure.

3. 03

   Lennox said Vander Ark will receive an annual retainer of $105,000 for his board service, plus annual equity compensation in the form of company common stock of about $150,000. The company said this is consistent with the current board compensation program that applies to its other non-employee directors.

4. 04

   Lennox said Vander Ark, 49, is President and Chief Executive Officer of Republic Services, Inc. He joined Republic in 2013. He worked at McKinsey & Company from 2000 to 2012. The company also said it entered into its standard form indemnification agreement with him.

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