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Nordson said its board appointed Christopher L. Mapes as a director, effective January 16, 2024, to the class whose term expires at the 2026 annual meeting of shareholders, and as a member of the Audit Committee.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Nordson said its board appointed Christopher L. Mapes as a director, effective January 16, 2024, to the class whose term expires at the 2026 annual meeting of shareholders, and as a member of the Audit Committee.

  2. The company said Mr. Mapes retired as president and chief executive officer of Lincoln Electric Holdings in December 2023 and is now Executive Chairman of Lincoln Electric. It also said he serves as a director of The Timken Company and AO Smith Corporation.

  3. Nordson said Mr. Mapes, as a non-employee director, will receive an equity retainer of $165,000 and a cash retainer of $90,000, prorated for fiscal 2024. The board has determined he is independent under Nasdaq listing standards, the company said.

  4. The company said it announced Mr. Mapes' appointment in a press release on January 16, 2024. It said the appointment brings the total number of directors to nine, following the recent departure of director Mary Puma.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Appointment of Christopher L. Mapes to Board and Audit Committee

Nordson said its board appointed Christopher L. Mapes as a director, effective January 16, 2024, to the class whose term expires at the 2026 annual meeting of shareholders, and as a member of the Audit Committee.

Source · Based on the filing body and exhibits

Mr. Mapes' Background and Other Directorships

The company said Mr. Mapes retired as president and chief executive officer of Lincoln Electric Holdings in December 2023 and is now Executive Chairman of Lincoln Electric. It also said he serves as a director of The Timken Company and AO Smith Corporation.

Source · Based on the filing body and exhibits

Non-Employee Director Pay and Independence

Nordson said Mr. Mapes, as a non-employee director, will receive an equity retainer of $165,000 and a cash retainer of $90,000, prorated for fiscal 2024. The board has determined he is independent under Nasdaq listing standards, the company said.

Source · Based on the filing body and exhibits

Board Size and Appointment Press Release

The company said it announced Mr. Mapes' appointment in a press release on January 16, 2024. It said the appointment brings the total number of directors to nine, following the recent departure of director Mary Puma.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.