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MSI > SEC Filings for MSI > Form 8-K on 13-Dec-2012All Recent SEC Filings

Show all filings for MOTOROLA SOLUTIONS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for MOTOROLA SOLUTIONS, INC.


13-Dec-2012

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)

On December 12, 2012, Anne R. Pramaggiore notified Motorola Solutions, Inc. (the "Company" or "we") that she resigned as a member of the Board of Directors of the Company and the Governance and Nominating Committee, effective immediately.

Ms. Pramaggiore is the President and Chief Executive Officer of Commonwealth Edison Company ("ComEd"), an electric utility company and subsidiary of Exelon Corporation ("Exelon"). Since ComEd is a public utility, approval from the Federal Energy Regulatory Commission ("FERC") is required for a person to simultaneously hold an officer or director position at a public utility and at certain other specified companies, including an electrical equipment supplier to his or her utility. Although we do not consider ourselves to be an electrical equipment supplier, in the interest of caution, Ms. Pramaggiore has elected to seek FERC approval and therefore resigned as a director of the Company while FERC considers her application. In the event that FERC ultimately approves her application, Ms. Pramaggiore intends to seek reappointment to the Board of Directors.

(e)

In connection with her resignation from the Board of Directors, Ms. Pramaggiore agreed with the Company to waive any and all rights that she may have to the compensation, including any equity grants, awarded to her in connection with her election as a director.


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