SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 15, 2021
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
40 Waterview Drive
|(Address of principal executive offices)||(Zip Code)|
Registrant’s telephone number, including area code: (475) 882-4000
(Former name or former address, if changed since last report.)
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)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange
on which registered
|Common Stock - par value $0.01 per share||HUBB||New York Stock Exchange|
Emerging growth company ☐
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 15, 2021, Hubbell Incorporated (the “Company”) appointed Mr. Jonathan M. Del Nero to the position of Vice President, Controller, effective immediately. In this role, Mr. Del Nero will serve as the Company’s Principal Accounting Officer. Mr. Del Nero succeeds Mr. Joseph A. Capozzoli who is concurrently moving into a new senior role within the Company’s finance department as the Vice President, Business Transformation.
Mr. Del Nero, age 49, has served as Assistant Controller of the Company since June, 2014. Prior to joining the Company, he was the Executive Director, Financial Reporting of AETNA.
In connection with his appointment to the position of Vice President, Controller, Mr. Del Nero will be eligible to receive compensation and other benefits, including the following:
An annual base salary of $285,000, subject to future adjustments based upon performance and assigned responsibilities;
An annual short-term incentive award under the Company’s Incentive Compensation Plan based on a target award of 50% of his base salary;
An annual long-term incentive award pursuant to the terms of the 2005 Incentive Award Plan, as amended and restated, at a value commensurate with his position as determined by the Company’s Compensation Committee of the Board of Directors; and
Certain perquisites and other benefits generally provided to senior executives of the Company including eligibility to participate in the Company’s Executive Deferred Compensation Plan.
There is no arrangement or understanding between Mr. Del Nero and any other person relating to the selection of Mr. Del Nero as an officer of the Company. There are no family relationships among Mr. Del Nero and any of the Company’s directors. Neither Mr. Del Nero nor any immediate family member of Mr. Del Nero has been or is currently proposed to be a participant in any transaction that would be required to be reported pursuant to Item 404(a) of Regulation S-K (17 CFR 229.404(a)).
Financial Statements and Exhibits.
The following exhibit is filed as part of this report:
|104||Inline XBRL for the cover page of this Current Report on Form 8-K.|
/s/ Katherine A. Lane
|Name:||Katherine A. Lane|
Vice President, General
Counsel and Secretary
Date: January 19, 2021