Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of November 30, 2008, John R. Leekley, 65, will step down as Senior Vice President - General Counsel and Assistant Secretary of Masco Corporation in connection with his retirement from the Company. Following his retirement, the Company has an arrangement with Mr. Leekley to provide consulting services during 2009, not to exceed the equivalent of twenty percent of full time employment. Mr. Leekley will earn $200,000 for such services.
Effective as of November 30, 2008, Eugene A. Gargaro, Jr., 66, will step down as Vice President and Secretary of Masco Corporation in connection with his retirement from the Company.
Effective as of December 1, 2008, William T. Anderson, 61, was elected as Vice President - Controller of Masco Corporation, and has been designated as the Company's principal accounting officer.
Mr. Anderson has been employed in a managerial capacity with the Company since April 2000.