Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
OnJanuary 2, 2020 ,CSW Industrials, Inc. (the "Company") announced thatDebra L. von Storch has been elected by the Company's Board of Directors (the "Board") as a new member of the Board.Ms. von Storch is currently a partner atErnst & Young LLP and serves as Southwest Region Growth Markets leader for EY, where she is responsible for setting strategic direction across numerous service platforms for the firm.Ms. von Storch has held roles of increasing responsibility at EY during her 37-year career with the firm, where she has developed extensive experience in providing global business leadership, strategic tax and transaction planning, capital markets activities, and advisory services to high-growth companies. In connection with her election to the Board,Ms. von Storch has also been appointed as a member of the Audit Committee of the Board. The Board has made an affirmative determination thatMs. von Storch qualifies as an independent director under Nasdaq rules and the Company's standards for director independence. There is no arrangement or understanding betweenMs. von Storch and any other person pursuant to which she was to be selected as a director. There have been no transactions directly or indirectly involvingMs. von Storch that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934.Ms. von Storch will be compensated for her service on the Board in accordance with the Company's compensatory and other arrangements for non-employee directors, which are described in detail in the Company's definitive proxy statement datedJune 27, 2019 , under the heading "Board of Directors Compensation." A copy of the press release issued by the Company announcing the election ofMs. von Storch is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this report by reference. Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Number Exhibit Description 99.1 Press release datedJanuary 2, 2020
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