GGG Graco Inc

 

 

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): June 12, 2015

Graco Inc.

(Exact name of registrant as specified in charter)

 

Minnesota				001-09249				41-0285640
(State or other Jurisdiction of Incorporation)				(Commission File Number)				(IRS Employer Identification No.)

 

88 – 11th Avenue Northeast Minneapolis, Minnesota				55413
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (612) 623-6000

 

		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 filing obligation of the registrant under any of the following provisions:

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

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

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

¨ Pre-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 Certain Officers; Election of Directors; Appointment of     Certain Officers; Compensatory Arrangements of Certain Officers.

On June 12, 2015, the Board of Directors (the “Board”) of Graco Inc. (the “Company”) elected Ms. Jody H. Feragen as a director of the Company, effective September 17, 2015. Ms. Feragen was elected to the class of directors whose terms expire at the 2016 annual meeting of shareholders of the Company.

Ms. Feragen has been appointed to serve on the Board’s Audit and Management Organization and Compensation Committees. In connection with her election, Ms. Feragen will be receiving the standard director compensation as referenced in our Proxy Statement for the 2015 Annual Meeting.

 

Item 9.01.

Financial Statements and Exhibits

 

(d)

Exhibits

99.1         Press Release dated June 12, 2015.

---

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, thereunto duly authorized.

 

				GRACO INC.
Date:     June 12, 2015				By:		/s/ Karen Park Gallivan
						Karen Park Gallivan
						Its: Vice President, General Counsel and Secretary

		GRACO INC. P.O. Box 1441 Minneapolis, MN 55440-1441 NYSE: GGG

 

FOR IMMEDIATE RELEASE:		FOR FURTHER INFORMATION:
June 12, 2015		James A. Graner 612-623-6635
		Media: Bryce Hallowell 612-623-6679
		bhallowell@graco.com

Graco Appoints Jody H. Feragen to the Board of Directors

MINNEAPOLIS, MN (June 12, 2015) – Graco Inc. (NYSE:GGG) announced today that Jody H. Feragen has been appointed as a member of the Company’s Board of Directors, effective September 17, 2015.

Ms. Feragen currently serves as the Executive Vice President and Chief Financial Officer of Hormel Foods Corporation (NYSE: HRL), a company she joined in 2000 as its Treasurer. Prior to Hormel, she served as the Assistant Treasurer for NCS Pearson, and the Director, Treasury Operations for BMC Industries. Ms. Feragen serves on several public boards and organizations. She is a Director on the Hormel Board and serves as a Director and the Audit Chair of the Patterson Companies Inc. In addition, she is a Director and the Chair of the University of North Dakota Alumni Association and Foundation. She holds a Bachelor’s degree in Accounting from the University of North Dakota and an M.B.A. from the University of Minnesota.

“On behalf of our Board of Directors and Management team I want to formally welcome Jody to Graco,” said Lee R. Mitau, Graco’s Chairman of the Board. “Jody brings a wealth of financial expertise and business acumen to our Board. Her insights and experience will be extremely valuable as our Company continues to pursue profitable growth worldwide.”

Ms. Feragen will serve on the Company’s Audit Committee and its Management Organization and Compensation Committee.

ABOUT GRACO

Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense, and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com or on Twitter @GracoInc.

# # #