SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 9, 2023, the Company promoted Paul DiMarco, age 44, to serve as Executive Vice President and Chief Financial Officer of the Company, effective April 1, 2023, to fill the vacancy created by the previously disclosed retirement of George Pita. Mr. DiMarco’s appointment will take effect following Mr. Pita’s retirement on March 31, 2023. Mr. DiMarco has been with the Company for approximately 15 years, serving as Corporate Treasurer for over 10 years. He is currently serving as the CFO of the Company’s Power Delivery segment.
There are no arrangements or understandings between Mr. DiMarco and any other person pursuant to which Mr. DiMarco was promoted to Executive Vice President and Chief Financial Officer of the Company, and Mr. DiMarco has no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K.
Mr. DiMarco has not entered into and no grant or award has been made to Mr. DiMarco under any material plan, contract or arrangement of the Company in connection with his promotion. Determinations regarding such entry, grants or awards have not yet been made. Until such time as the Company and Mr. DiMarco determine to enter into new or modified compensation arrangements in connection with Mr. DiMarco’s promotion, Mr. DiMarco will continue to receive the compensation and benefits he currently receives in his current roles with the Company.
Since the beginning of the Company’s last fiscal year, the Company has not engaged in any transaction, nor is there any currently proposed transaction, in which Mr. DiMarco had or will have a direct or indirect material interest in which the amount involved exceeded or would exceed $120,000.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Date: March 15, 2023||By:|| |
/s/ Alberto de Cardenas
|Alberto de Cardenas|
|Executive Vice President, General Counsel and Secretary|