Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 22, 2013, the Board of Directors of SPX Corporation (the "Company")
appointed David Singer as an additional director, effective January 23, 2013.
Mr. Singer will stand for election as director at the Company's 2013 Annual
Meeting of Stockholders, for a term expiring at the Company's 2016 Annual
Meeting of Stockholders.
Mr. Singer will receive a retainer of $90,000 for his service as a director in
2013. In addition, Mr. Singer will receive a grant of time-vested restricted
shares in the value of $130,000. The Company expects to award these shares in
May, 2013. These shares will vest approximately one year after they are
granted. Directors receive dividends on the unvested portion of their stock
only upon vesting of the stock.
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