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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 10/03/22 Watts Water Technologies Inc. 8-K:5 10/01/22 10:143K Toppan Merrill Bridge/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 33K 5: R1 Document and Entity Information HTML 45K 8: XML IDEA XML File -- Filing Summary XML 11K 6: XML XBRL Instance -- wts-20221001x8k_htm XML 15K 7: EXCEL IDEA Workbook of Financial Reports XLSX 8K 3: EX-101.LAB XBRL Labels -- wts-20221001_lab XML 44K 4: EX-101.PRE XBRL Presentations -- wts-20221001_pre XML 30K 2: EX-101.SCH XBRL Schema -- wts-20221001 XSD 13K 9: JSON XBRL Instance as JSON Data -- MetaLinks 11± 16K 10: ZIP XBRL Zipped Folder -- 0001558370-22-014779-xbrl Zip 13K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM i 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): i October 1, 2022
i WATTS WATER TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in its Charter)
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i Delaware | | | i 04-2916536 | |
(State or Other Jurisdiction | | (Commission File Number) | | (IRS Employer |
of Incorporation) | | | | Identification No.) |
i 815 Chestnut Street, i North Andover, i Massachusetts i 01845
(Address of Principal Executive Offices) (Zip Code)
( i 978) i 688-1811
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
i Class A Common Stock, par value $0.10 per share | i WTS | i New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company i ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e)As previously reported, effective upon the appointment of Andre Dhawan as Chief Operating Officer of Watts Water Technologies, Inc. (the “Company”) on August 15, 2022, Munish Nanda stepped down as President of the Americas & Europe of the Company. Since then, Mr. Nanda has continued to provide transition and advisory services to the Company and such services are expected to continue until his planned retirement from the Company in May 2023.
In connection with the transition of Mr. Nanda’s role and responsibilities with the Company, effective as of October 1, 2022, Mr. Nanda’s annual salary was reduced from $548,500 annually to $274,250 annually, and Mr. Nanda’s target bonus percentage for the period from October 1 through December 31, 2022 was reduced from 65% of his base salary to 32.5% of his base salary. Effective as of January 1, 2023 Mr. Nanda’s salary will be further reduced to $10,000 per month, he will no longer be eligible for an annual bonus award or an annual cash automobile allowance and his annual financial planning allowance will be reduced to cover 2022 tax planning expenses only.
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.
Date: October 3, 2022 | WATTS WATER TECHNOLOGIES, INC. | |
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| General Counsel, Chief Sustainability Officer & Secretary |
| This ‘8-K’ Filing | Date | Other Filings | ||
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| 1/1/23 | ||||
| 12/31/22 | ||||
| Filed on: | 10/3/22 | |||
| For Period end: | 10/1/22 | |||
| 8/15/22 | 3, 4 | |||
| List all Filings | ||||