UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  March 6, 2013

 

SPX CORPORATION

(Exact name of registrant as specified in its charter)

 

DELAWARE

(State or other jurisdiction of
incorporation)

 

1-6948

(Commission File Number)

 

38-1016240

(IRS Employer
Identification No.)

 

13320 Ballantyne Corporate Place

Charlotte, North Carolina 28277

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code  (704) 752-4400

 

NOT APPLICABLE

(Former name or former address if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.02.  Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On March 6, 2014, the Board of Directors of SPX Corporation (the “Company”) expanded the size of the Board of Directors to eight and appointed Patrick D. Campbell as an additional director, effective immediately.  Mr. Campbell will stand for election as director at the Company’s 2014 Annual Meeting of Stockholders, for a term expiring at the Company’s 2017 Annual Meeting of Stockholders.

 

For 2014, Mr. Campbell will receive a pro-rata portion of the $90,000 annual retainer for independent directors, based on his time of service this year.  He will also receive a grant of time-vested restricted shares with a grant date fair value of approximately $130,000, to be awarded in May, 2014.  These shares will vest approximately one year after they are granted.  Directors receive dividends on unvested stock awards only upon vesting of the stock.

 

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SIGNATURE

 

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.

 

 

 

SPX CORPORATION

 

 

 

 

 

 

Date: March 7, 2014

By:

/s/ Kevin L. Lilly

 

 

Kevin L. Lilly

 

 

Senior Vice President, Secretary

 

 

and General Counsel

 

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