Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - SMITH A O CORP | d191834d10q.htm |
| EX-32.2 - EX-32.2 - SMITH A O CORP | d191834dex322.htm |
| EX-32.1 - EX-32.1 - SMITH A O CORP | d191834dex321.htm |
| EX-31.2 - EX31.2 - SMITH A O CORP | d191834dex312.htm |
| EX-31.1 - EX-31.1 - SMITH A O CORP | d191834dex311.htm |
Exhibit 10.1
SUMMARY OF DIRECTORS’ COMPENSATION
Effective July 11, 2016, compensation paid to non-employee directors of A. O. Smith Corporation is as follows:
| • | An annual cash retainer of $50,000, payable quarterly in advance, and $125,000 paid in A. O. Smith Corporation Common Stock. |
| • | A fee of $2,500 for each board, committee and annual shareholder meeting attended. |
| • | A fee of $1,000 for each telephonic board and committee meeting. |
| • | A new director orientation meeting fee of $2,500. |
| • | An annual retainer of $5,000 for Audit Committee members and $3,000 for the members of the Investment Policy Committee, Nominating and Governance Committee and Personnel and Compensation Committee. |
| • | An annual retainer of $15,000 for the chairperson of the Audit Committee and $10,000 for the chairpersons of each of the Investment Policy Committee, Nominating and Governance Committee and Personnel and Compensation Committee. |
| • | An annual retainer of $20,000 for the presiding director. |
The foregoing reflects the following change to previously disclosed compensation for non-employee directors effective July 11, 2016: A. O. Smith Corporation’s Board of Directors, upon recommendation of the Nominating and Governance Committee, increased the amount of annual cash retainer from $47,500 to $50,000, payable quarterly in advance and increased the amount of the retainer payable in stock from $120,000 to $125,000.