Thu, Aug 1, 9:10 PM (352 days ago)
Mueller Water Products, Inc. (NYSE: MWA) has announced the appointment of Christian A. Garcia as an independent director, effective August 1, 2024. This appointment increases the total number of directors from ten to eleven. Garcia, who will serve until the 2025 annual meeting and join the Audit Committee, brings no conflicts of interest or related party transactions. He will be compensated per the company's standard non-employee director compensation plan, with a prorated equity award of restricted stock units valued at $63,644 instead of the annual equity grant. This change is due to the terms of the Second Amended and Restated 2006 Stock Incentive Plan. Garcia will also sign the standard indemnification agreement for directors. This strategic addition to the board is expected to enhance governance and oversight.