The company said Chairman of the Board Christopher Begley is not eligible for nomination by the Board for election as a director at the 2025 Annual Meeting under the mandatory director retirement policy, and will retire from the Board when his current term expires at that meeting.

1. 01

   The company said Chairman of the Board Christopher Begley is not eligible for nomination by the Board for election as a director at the 2025 Annual Meeting under the mandatory director retirement policy, and will retire from the Board when his current term expires at that meeting.

2. 02

   The company said the Board, upon the recommendation of the Corporate Governance Committee, appointed Ivan Tornos, its President, Chief Executive Officer and a director, as Chairman of the Board, effective on May 29, 2025.

3. 03

   The company said it appointed Michael Farrell as Lead Independent Director effective upon Mr. Tornos' commencement of service as Chairman. Farrell has been a Board member since 2014 and serves as Chairman of the Compensation and Management Development Committee.

4. 04

   The company said the Board took action to reduce its size to 10 members (ten members) effective upon the expiration of Mr. Begley's term as director.

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Original filing

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