Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 27, 2021, the Board of Directors of Parker-Hannifin Corporation (the
"Company") elected Jillian C. Evanko and Lance M. Fritz as Directors of the
Company, effective immediately, for terms expiring at the Annual Meeting of
Shareholders in October 2021. The Board of Directors expects to determine
committee assignments for Ms. Evanko and Mr. Fritz in October 2021, prior to the
expiration of their current terms. Ms. Evanko and Mr. Fritz are not parties to
any transaction described in Item 404(a) of Regulation S-K involving the Company
or any of its subsidiaries. Ms. Evanko and Mr. Fritz are eligible to participate
in the non-employee Director's compensation arrangements described in the
Company's Proxy Statement for its 2020 Annual Meeting of Shareholders, including
receipt of a pro-rated award of restricted stock units (RSUs).
On January 27, 2021, the Company entered into an Indemnification Agreement (the
"Indemnification Agreement") with each of Ms. Evanko and Mr. Fritz. The
Indemnification Agreement is in substantially the same form as the
indemnification agreement for directors and officers that is filed as Exhibit
10(e) to the Company's Annual Report on Form 10-K filed with the SEC on August
26, 2020.
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