UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 15, 2024, Steven (Slava) Rubin delivered notice of his resignation from the Board of Directors (the “Board”) of Watsco, Inc., a Florida corporation (the “Company”), effective March 10, 2024. Mr. Rubin was elected by the holders of the Company’s Common stock, and his term was to expire at the Company’s 2025 annual meeting of shareholders. Mr. Rubin’s resignation from the Board was not due to any disagreement with the Company, and Mr. Rubin will join the Company’s Advisory Board effective March 11, 2024.
On February 19, 2024, the Board appointed Barry S. Logan as a director to fill Mr. Rubin’s vacancy on the Board. Mr. Logan joined the Company in 1992 and serves as its Executive Vice President & Secretary, responsible for leading the Company’s strategic initiatives and business development efforts.
Mr. Logan did not enter into any new plan, contract or arrangement with the Company, or any amendment to any plan, contract or arrangement with the Company, in connection with his appointment to the Board. Mr. Logan’s existing compensation arrangements with the Company have been previously reported and are set forth in the Company’s definitive proxy statement, filed on April 28, 2023, in connection with the Company’s 2023 Annual Meeting of Shareholders.
There are no arrangements or understandings between either Mr. Logan, on the one hand, and any other person, on the other hand, pursuant to which he was appointed to the Board. Except with respect to Mr. Logan’s previously reported compensation arrangements noted above, since the beginning of the Company’s last fiscal year, the Company has not engaged in any transactions, and there are no proposed transactions, or series of similar transactions, in which the amount involved exceeded or exceeds $120,000 and in which Mr. Logan had a direct or indirect material interest.
SIGNATURES
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.
| WATSCO, INC. | ||||||
| Dated: February 21, 2024 |
By: | /s/ Ana M. Menendez | ||||
| Ana M. Menendez, | ||||||
| Chief Financial Officer | ||||||