{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T20:21:06.222478+00:00","company":{"ticker":"FELE","cik":38725,"company_name":"FRANKLIN ELECTRIC CO INC"},"pagination":{"limit":100,"returned":41,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"NYL Investors LLC","detail":"credit_facility","count":1,"first_seen":"2024-05-16T23:59:59+00:00","last_seen":"2024-05-16T23:59:59+00:00","evidence_fact_ids":[44245]},{"display_name":"PGIM, Inc.","detail":"credit_facility","count":1,"first_seen":"2024-05-16T23:59:59+00:00","last_seen":"2024-05-16T23:59:59+00:00","evidence_fact_ids":[44246]}],"lender":[{"display_name":"JPMorgan Chase Bank, N.A.","detail":"revolving_credit","count":1,"first_seen":"2025-05-20T23:59:59+00:00","last_seen":"2025-05-20T23:59:59+00:00","evidence_fact_ids":[85759]},{"display_name":"the purchasers named therein","detail":"senior_notes","count":1,"first_seen":"2025-10-02T23:59:59+00:00","last_seen":"2025-10-02T23:59:59+00:00","evidence_fact_ids":[40226]}]},"facts":[{"fact_type":"shareholder_vote","fact_key":"56bf78cf152571b8fe3233e87562037bf13f447b","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2026-05-11T20:58:20+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-08","outcome":"passed","proposal_text":"Advisory vote on the frequency of future advisory votes on executive compensation.","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":"1,606,683","subject":null,"votes_abstain":"112,461","votes_against":null,"votes_for":"36,105,057","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation. at the 2026-05-08 meeting.","evidence_excerpt":"Proposal 4 - Advisory Vote on Frequency of Future Advisory Votes on Compensation To consider, on an advisory basis, the frequency of future advisory votes on the compensation of the named executive officers as disclosed in the proxy statement. The advisory vote on the frequency of future advisory votes on the compensation of the Company's named executive officers was voted on by the shareholders as follows: 1 Year 2 Year 3 Year Abstentions Broker non-votes 36,105,057 2,370,020 965,687 112,461 1,606,683","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-26-000030","anchor_url":"https://secwatch.observer/filing/0000038725-26-000030#claim-56bf78cf152571b8fe3233e87562037bf13f447b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872526000030/0000038725-26-000030-index.htm"},{"fact_type":"shareholder_vote","fact_key":"91f2b61ccaaa3c758c44c0c738c9d624c4e7f747","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2026-05-11T20:58:20+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-08","outcome":"passed","proposal_text":"Advisory vote on executive compensation of named executive officers as disclosed in the proxy statement.","proposal_type":"say_on_pay","results":[{"broker_non_votes":"1,606,683","subject":null,"votes_abstain":"145,358","votes_against":"1,927,347","votes_for":"37,480,520","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Advisory vote on executive compensation of named executive officers as disclosed in the proxy statement. at the 2026-05-08 meeting.","evidence_excerpt":"Proposal 3 - Advisory Vote on Executive Compensation To consider, on an advisory basis, the executive compensation of the named executive officers as disclosed in the proxy statement. The advisory vote on approval of the compensation of the Company's named executive officers was approved by the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 37,480,520 1,927,347 145,358 1,606,683","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-26-000030","anchor_url":"https://secwatch.observer/filing/0000038725-26-000030#claim-91f2b61ccaaa3c758c44c0c738c9d624c4e7f747","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872526000030/0000038725-26-000030-index.htm"},{"fact_type":"shareholder_vote","fact_key":"0ef03f5422cc57a2c4cf98ccff7773cfe2d1a684","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2026-05-11T20:58:20+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-08","outcome":"passed","proposal_text":"Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2026 Fiscal Year.","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"—","subject":null,"votes_abstain":"95,498","votes_against":"3,432,327","votes_for":"37,632,083","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2026 Fiscal Year. at the 2026-05-08 meeting.","evidence_excerpt":"Proposal 2 - Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2026 Fiscal Year To ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the 2026 fiscal year. The proposal was approved by a vote of the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 37,632,083 3,432,327 95,498 —","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-26-000030","anchor_url":"https://secwatch.observer/filing/0000038725-26-000030#claim-0ef03f5422cc57a2c4cf98ccff7773cfe2d1a684","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872526000030/0000038725-26-000030-index.htm"},{"fact_type":"shareholder_vote","fact_key":"6ba29d32f51b6307ca794ed5ad9a5fbf6de43760","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2026-05-11T20:58:20+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-05-08","outcome":"passed","proposal_text":"Election of Victor D. Grizzle and Alok Maskara as directors for terms expiring at the 2029 Annual Meeting of Shareholders.","proposal_type":"director_election","results":[{"broker_non_votes":"1,606,683","subject":"Victor D. Grizzle","votes_abstain":"1,322,488","votes_against":null,"votes_for":"34,681,750","votes_withheld":"3,548,987"},{"broker_non_votes":"1,606,683","subject":"Alok Maskara","votes_abstain":"25,764","votes_against":null,"votes_for":"36,788,630","votes_withheld":"2,738,831"}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Election of Victor D. Grizzle and Alok Maskara as directors for terms expiring at the 2029 Annual Meeting of Shareholders. at the 2026-05-08 meeting.","evidence_excerpt":"Proposal 1 - Election of Directors To elect Victor D. Grizzle and Alok Maskara as directors for terms expiring at the 2029 Annual Meeting of Shareholders. Each nominee for director was elected by a vote of the shareholders as follows: Nominees Votes For Votes Against Abstentions Broker Non-Votes Victor D. Grizzle 34,681,750 3,548,987 1,322,488 1,606,683 Alok Maskara 36,788,630 2,738,831 25,764 1,606,683","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-26-000030","anchor_url":"https://secwatch.observer/filing/0000038725-26-000030#claim-6ba29d32f51b6307ca794ed5ad9a5fbf6de43760","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872526000030/0000038725-26-000030-index.htm"},{"fact_type":"earnings_release","fact_key":"af14d6fc9269c23fe7b8c4d26b073f9a24049739","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2026-04-28T23:59:59+00:00","payload":{"eps_text":"$0.77","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"first quarter of 2026","report_date":"2026-04-28","result_type":"reported_results","revenue_text":"$500.4 million"},"claim":"FRANKLIN ELECTRIC CO INC reported first quarter of 2026 results: revenue $500.4 million, EPS $0.77.","evidence_excerpt":"EX-99.1 (EX-99.1) ---\n\nNEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS FIRST QUARTER 2026 RESULTS First Quarter 2026 Highlights • Consolidated net sales of $500.4 million, an increase of 10% to the prior year • Net sales increased across all three segments: 11% in Water Systems, 7% in Energy Systems, and 6% in Distribution • Operating income was","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-26-000022","anchor_url":"https://secwatch.observer/filing/0000038725-26-000022#claim-af14d6fc9269c23fe7b8c4d26b073f9a24049739","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872526000022/0000038725-26-000022-index.htm"},{"fact_type":"debt_financing","fact_key":"fd2cf0d689dae0fd089c9b5cfded54c4b759a8a4","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-10-02T23:59:59+00:00","payload":{"counterparty":"the purchasers named therein","effective_date":"2025-09-26","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.01%","item_codes_triggered":["2.03"],"maturity_text":"September 26, 2032","principal_text":"$125 million aggregate principal amount"},"claim":"FRANKLIN ELECTRIC CO INC incurred senior notes of $125 million aggregate principal amount with the purchasers named therein at 5.01% maturing September 26, 2032.","evidence_excerpt":"On September 26, 2025, pursuant to the Private Shelf Agreements, the Company agreed to issue and the Purchasers agreed to purchase $125 million aggregate principal amount of the Company’s 5.01% Senior Notes due September 26, 2032","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-25-000172","anchor_url":"https://secwatch.observer/filing/0000038725-25-000172#claim-fd2cf0d689dae0fd089c9b5cfded54c4b759a8a4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000172/0000038725-25-000172-index.htm"},{"fact_type":"debt_financing","fact_key":"35a627f6e5371027157fe9841227907552ebf2f9","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-05-20T23:59:59+00:00","payload":{"counterparty":"JPMorgan Chase Bank, N.A., as administrative agent","effective_date":"2025-05-14","event":"amendment","instrument_type":"revolving_credit","interest_rate_text":"prevailing annual interest rates subject to an applicable margin based on the le","item_codes_triggered":["2.03"],"maturity_text":"May 14, 2030","principal_text":"$350 million"},"claim":"FRANKLIN ELECTRIC CO INC amended revolving credit of $350 million with JPMorgan Chase Bank, N.A., as administrative agent at prevailing annual interest rates subject to an applicable margin based on the le maturing May 14, 2030.","evidence_excerpt":"Agreement, as amended (which is referred to in this current report as the “Previous Credit Agreement”) to May 14, 2030 while keeping the revolving commitment amount unchanged at $350 million. The Fifth Amended and Restated Credit Agreement provides that the Borrowers may request an increase in the aggregate revolving commitments by up to $175.0 million (not to exceed","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-25-000117","anchor_url":"https://secwatch.observer/filing/0000038725-25-000117#claim-35a627f6e5371027157fe9841227907552ebf2f9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000117/0000038725-25-000117-index.htm"},{"fact_type":"executive_change","fact_key":"25944b4688","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-05-08T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-05-07","interim":false,"role":"director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Mark A. Carano was appointed as director at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"appointed Mr. Mark A. Carano as a director for a term expiring at the 2027 Annual Meeting of Shareholders.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-25-000108","anchor_url":"https://secwatch.observer/filing/0000038725-25-000108#claim-25944b4688","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000108/0000038725-25-000108-index.htm"},{"fact_type":"executive_change","fact_key":"3d78ea6349","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-05-08T23:59:59+00:00","payload":{"action":"elected","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2025-05-02","interim":false,"role":"Chairperson of the Board","role_category":"chair","successor_name":null,"successor_named":false},"claim":"Jennifer L. Sherman was elected as Chairperson of the Board at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"elected Jennifer L. Sherman to serve as Chairperson of the Board for a term expiring at the 2026 Annual Meeting of Shareholders.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-25-000108","anchor_url":"https://secwatch.observer/filing/0000038725-25-000108#claim-3d78ea6349","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000108/0000038725-25-000108-index.htm"},{"fact_type":"executive_change","fact_key":"2975e2917d","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-05-05T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":"2025-04-23","interim":false,"role":"Executive Chairperson","role_category":"chair","successor_name":null,"successor_named":false},"claim":"Gregg C. Sengstack retired as Executive Chairperson at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"Effective as of April 23, 2025 (the “Effective Date”), Gregg C. Sengstack retired as Executive Chairperson of Franklin Electric Co., Inc. (the “Company”).","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000038725-25-000088","anchor_url":"https://secwatch.observer/filing/0000038725-25-000088#claim-2975e2917d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000088/0000038725-25-000088-index.htm"},{"fact_type":"executive_change","fact_key":"5d11d04527","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-04-03T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-03-28","interim":true,"role":"Interim Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Russell Fleeger was appointed as Interim Chief Financial Officer at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"Russell Fleeger, currently the Chief Financial Officer of the Company's Water Systems Segment, will additionally assume the role of Chief Financial Officer on an interim basis","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-25-000066","anchor_url":"https://secwatch.observer/filing/0000038725-25-000066#claim-5d11d04527","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000066/0000038725-25-000066-index.htm"},{"fact_type":"executive_change","fact_key":"8898432296","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-04-03T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2025-03-28","interim":false,"role":"Vice President and Chief Financial Officer","role_category":"cfo","successor_name":"Russell Fleeger","successor_named":true},"claim":"Jeffery Taylor resigned as Vice President and Chief Financial Officer at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"Jeffery Taylor, Vice President and Chief Financial Officer resigned from his position at the Company effective March 28, 2025","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-25-000066","anchor_url":"https://secwatch.observer/filing/0000038725-25-000066#claim-8898432296","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000066/0000038725-25-000066-index.htm"},{"fact_type":"executive_change","fact_key":"a00bf1bdda","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-02-24T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2025-03-28","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Jeffery Taylor resigned as Chief Financial Officer at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"On February 21, 2025, Franklin Electric Co., Inc. (the “Company”) and Jeffery Taylor mutually agreed that Mr. Taylor will separate from the Company and resign as Chief Financial Officer of the Company as of March 28, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-25-000040","anchor_url":"https://secwatch.observer/filing/0000038725-25-000040#claim-a00bf1bdda","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000040/0000038725-25-000040-index.htm"},{"fact_type":"executive_change","fact_key":"d397595316","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-07-01T23:59:59+00:00","payload":{"action":"stepped down","action_category":"role_change","departure_tone":"routine","effective_date":"2024-07-01","interim":false,"role":"Executive Chairperson","role_category":"other_named_officer","successor_name":"Joseph Ruzynski","successor_named":true},"claim":"Gregg Sengstack changed role as Executive Chairperson at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"Upon the appointment of Mr. Ruzynski to the position of Chief Executive Officer, Mr. Sengstack stepped down from that position and remains the Execuive Chairperson.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-24-000132","anchor_url":"https://secwatch.observer/filing/0000038725-24-000132#claim-d397595316","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000132/0000038725-24-000132-index.htm"},{"fact_type":"executive_change","fact_key":"17df0414f4","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-07-01T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-07-01","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Joseph Ruzynski was appointed as Director at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"On July 1, 2024, the Board of Directors (the “Board”) of Franklin Electric Co., Inc. (the “Company”) appointed Mr. Joseph Ruzynski as a director, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-24-000132","anchor_url":"https://secwatch.observer/filing/0000038725-24-000132#claim-17df0414f4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000132/0000038725-24-000132-index.htm"},{"fact_type":"executive_change","fact_key":"965ed44723","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-22T23:59:59+00:00","payload":{"action":"retired","action_category":"role_change","departure_tone":"retirement","effective_date":"2024-07-01","interim":false,"role":"Executive Chairperson","role_category":"chair","successor_name":"Joseph Ruzynski","successor_named":true},"claim":"Gregg C. Sengstack retired as Executive Chairperson at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"Gregg C. Sengstack, Chief Executive Officer of Franklin Electric Co., Inc. (the “Company”) and Chairperson of the Company’s Board of Directors (the “Board”) notified the Board of his intention to retire from his position as Chief Executive Officer upon the appointment of his successor .","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000038725-24-000119","anchor_url":"https://secwatch.observer/filing/0000038725-24-000119#claim-965ed44723","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000119/0000038725-24-000119-index.htm"},{"fact_type":"executive_change","fact_key":"0560bdb71a","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-22T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-07-01","interim":false,"role":"Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Joseph Ruzynski was appointed as Chief Executive Officer at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"The Board announced that it will appoint Joseph Ruzynski as Chief Executive Officer, effective July 1, 2024","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000038725-24-000119","anchor_url":"https://secwatch.observer/filing/0000038725-24-000119#claim-0560bdb71a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000119/0000038725-24-000119-index.htm"},{"fact_type":"material_agreement","fact_key":"7f0a5779c3aec31ea745c90aab0501546acac01f","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-16T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"First Amendment to the Fourth Amended and Restated Note Purchase and Private Shelf Agreement","agreement_type":"credit_facility","counterparty":"PGIM, Inc.","effective_date":"2024-05-15","item_codes_triggered":["1.01"],"value_text":"$250,000,000 from $150,000,000"},"claim":"FRANKLIN ELECTRIC CO INC amended First Amendment to the Fourth Amended and Restated Note Purchase and Private Shelf Agreement with PGIM, Inc. valued at $250,000,000 from $150,000,000 (effective 2024-05-15).","evidence_excerpt":"On May 15, 2024, Franklin Electric entered into the First Amendment to the Fourth Amended and Restated Note Purchase and Private Shelf Agreement among Franklin Electric, Dutch Subsidiary Issuer, PGIM, Inc. (“Prudential”), and the other holders of Notes that are signatories hereto (the \"Amendment to the Pru Shelf Agreement \").","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-24-000105","anchor_url":"https://secwatch.observer/filing/0000038725-24-000105#claim-7f0a5779c3aec31ea745c90aab0501546acac01f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000105/0000038725-24-000105-index.htm"},{"fact_type":"material_agreement","fact_key":"286a61ee7e8a24c0c2d2da29814578cec1e9b7a7","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-16T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"First Amendment to the Amended and Restated Note Purchase and Private Shelf Agreement","agreement_type":"credit_facility","counterparty":"NYL Investors LLC","effective_date":"2024-05-15","item_codes_triggered":["1.01"],"value_text":"$250,000,000 from $200,000,000"},"claim":"FRANKLIN ELECTRIC CO INC amended First Amendment to the Amended and Restated Note Purchase and Private Shelf Agreement with NYL Investors LLC valued at $250,000,000 from $200,000,000 (effective 2024-05-15).","evidence_excerpt":"On May 15, 2024, Franklin Electric Co., Inc. (\"Franklin Electric\") entered into the First Amendment to the Amended and Restated Note Purchase and Private Shelf Agreement among Franklin Electric, Franklin Electric B.V., a Netherlands private company with limited liability (“Dutch Subsidiary Issuer”, and together with Franklin Electric, collectively, the “Companies” and each a \"Company\"), NYL Investors LLC (“NYL Investors”), and each of the undersigned holders of the Notes that are signatories hereto (the \"Amendment to the NYL Shelf Agreement\").","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-24-000105","anchor_url":"https://secwatch.observer/filing/0000038725-24-000105#claim-286a61ee7e8a24c0c2d2da29814578cec1e9b7a7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000105/0000038725-24-000105-index.htm"},{"fact_type":"executive_change","fact_key":"e51bce9e87","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-14T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-07-01","interim":false,"role":"Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Joseph Ruzynski was appointed as Chief Executive Officer at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"The Board announced that it will appoint Joseph Ruzynski as Chief Executive Officer, effective July 1, 2024","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-24-000101","anchor_url":"https://secwatch.observer/filing/0000038725-24-000101#claim-e51bce9e87","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000101/0000038725-24-000101-index.htm"},{"fact_type":"executive_change","fact_key":"d1e75ed445","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-14T23:59:59+00:00","payload":{"action":"retire","action_category":"role_change","departure_tone":"retirement","effective_date":"2024-07-01","interim":false,"role":"Executive Chairperson","role_category":"chair","successor_name":"Joseph Ruzynski","successor_named":true},"claim":"Gregg C. Sengstack changed role as Executive Chairperson at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"notified the Board of his intention to retire from his position as Chief Executive Officer","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-24-000101","anchor_url":"https://secwatch.observer/filing/0000038725-24-000101#claim-d1e75ed445","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000101/0000038725-24-000101-index.htm"},{"fact_type":"shareholder_vote","fact_key":"ec900461f14f32222b534ad80edd824e838581f0","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-03T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-03","outcome":"passed","proposal_text":"Advisory vote on executive compensation of the named executive officers as disclosed in the proxy statement.","proposal_type":"say_on_pay","results":[{"broker_non_votes":"1,534,076","subject":null,"votes_abstain":"59,006","votes_against":"2,382,268","votes_for":"39,095,477","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Advisory vote on executive compensation of the named executive officers as disclosed in the proxy statement. at the 2024-05-03 meeting.","evidence_excerpt":"Proposal 3 - Advisory Vote on Executive Compensation To consider, on an advisory basis, the executive compensation of the named executive officers as disclosed in the proxy statement. The advisory vote on approval of the compensation of the Company's named executive officers was approved by the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 39,095,477 2,382,268 59,006 1,534,076","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-24-000096","anchor_url":"https://secwatch.observer/filing/0000038725-24-000096#claim-ec900461f14f32222b534ad80edd824e838581f0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000096/0000038725-24-000096-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4fa1771bf22c0ab3effadbdf08e27849159c6d7d","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-03T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-03","outcome":"passed","proposal_text":"Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2024 Fiscal Year.","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"—","subject":null,"votes_abstain":"29,156","votes_against":"2,172,909","votes_for":"40,868,762","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2024 Fiscal Year. at the 2024-05-03 meeting.","evidence_excerpt":"Proposal 2 - Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2024 Fiscal Year To ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the 2024 fiscal year. The proposal was approved by a vote of the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 40,868,762 2,172,909 29,156 —","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-24-000096","anchor_url":"https://secwatch.observer/filing/0000038725-24-000096#claim-4fa1771bf22c0ab3effadbdf08e27849159c6d7d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000096/0000038725-24-000096-index.htm"},{"fact_type":"shareholder_vote","fact_key":"3ffd390cf0274c901f092c7a634ea59a3f4ad06a","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-03T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-03","outcome":"passed","proposal_text":"Election of Gregg C. Sengstack and David M. Wathen as directors for terms expiring at the 2027 Annual Meeting of Shareholders.","proposal_type":"director_election","results":[{"broker_non_votes":"1,534,076","subject":"Gregg C. Sengstack","votes_abstain":"45,061","votes_against":"2,603,555","votes_for":"38,888,135","votes_withheld":null},{"broker_non_votes":"1,534,076","subject":"David M. Wathen","votes_abstain":"47,077","votes_against":"6,385,806","votes_for":"35,103,868","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Election of Gregg C. Sengstack and David M. Wathen as directors for terms expiring at the 2027 Annual Meeting of Shareholders. at the 2024-05-03 meeting.","evidence_excerpt":"Proposal 1 - Election of Directors To elect Gregg C. Sengstack and David M. Wathen as directors for terms expiring at the 2027 Annual Meeting of Shareholders. Each nominee for director was elected by a vote of the shareholders as follows: Nominees Votes For Votes Against Abstentions Broker Non-Votes Gregg C. Sengstack 38,888,135 2,603,555 45,061 1,534,076 David M. Wathen 35,103,868 6,385,806 47,077 1,534,076","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-24-000096","anchor_url":"https://secwatch.observer/filing/0000038725-24-000096#claim-3ffd390cf0274c901f092c7a634ea59a3f4ad06a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000096/0000038725-24-000096-index.htm"},{"fact_type":"earnings_release","fact_key":"23ca09944ec3ce898b933f24b51f564ac18533ea","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-04-30T23:59:59+00:00","payload":{"eps_text":"$0.79","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"first quarter of 2023","report_date":"2024-04-30","result_type":"reported_results","revenue_text":"$484.6 million"},"claim":"FRANKLIN ELECTRIC CO INC reported first quarter of 2023 results: revenue $484.6 million, EPS $0.79.","evidence_excerpt":"First quarter 2023 net sales of $484.6 million","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-24-000074","anchor_url":"https://secwatch.observer/filing/0000038725-24-000074#claim-23ca09944ec3ce898b933f24b51f564ac18533ea","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/0000038725-24-000074-index.htm"},{"fact_type":"earnings_release","fact_key":"249d7a99aa3929d77c39a5ec099d3910bcee280e","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-04-30T23:59:59+00:00","payload":{"eps_text":"$0.70","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"first quarter of 2024","report_date":"2024-04-30","result_type":"reported_results","revenue_text":"$460.9 million"},"claim":"FRANKLIN ELECTRIC CO INC reported first quarter of 2024 results: revenue $460.9 million, EPS $0.70. Guidance reaffirmed.","evidence_excerpt":"Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2024. First quarter 2024 net sales were $460.9 million","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-24-000074","anchor_url":"https://secwatch.observer/filing/0000038725-24-000074#claim-249d7a99aa3929d77c39a5ec099d3910bcee280e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000074/0000038725-24-000074-index.htm"},{"fact_type":"earnings_release","fact_key":"41c0583dcfdab83b632e8a3911e4069e7630a5cd","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-02-13T23:59:59+00:00","payload":{"eps_text":"$0.82","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fourth quarter and full year of 2023","report_date":"2024-02-13","result_type":"reported_results","revenue_text":"$473.0 million"},"claim":"FRANKLIN ELECTRIC CO INC reported fourth quarter and full year of 2023 results: revenue $473.0 million, EPS $0.82. Guidance reaffirmed.","evidence_excerpt":"---\n\nNEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS FOURTH QUARTER 2023 AND FULL YEAR 2023 RESULTS Fourth Quarter 2023 Highlights • Consolidated net sales of $473.0 million, a decrease of 3% to the prior year • Water Systems and Distribution net sales decreased by 1% each, while Fueling Systems net sales decreased 23% • Operating income was $50.8","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-24-000010","anchor_url":"https://secwatch.observer/filing/0000038725-24-000010#claim-41c0583dcfdab83b632e8a3911e4069e7630a5cd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000010/0000038725-24-000010-index.htm"},{"fact_type":"earnings_release","fact_key":"a68bf846cf8b2a2a9eed562d84b0c6f4c5e99527","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-10-24T23:59:59+00:00","payload":{"eps_text":"$1.23","guidance_signal":"lowered","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the third quarter of 2023","report_date":"2023-10-24","result_type":"reported_results","revenue_text":"$538.4 million"},"claim":"FRANKLIN ELECTRIC CO INC reported the third quarter of 2023 results: revenue $538.4 million, EPS $1.23. Guidance lowered.","evidence_excerpt":"EX-99.1 (EX-99.1) ---\n\nNEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS THIRD QUARTER 2023 RESULTS Third Quarter 2023 Highlights • Consolidated net sales of $538.4 million, a decrease of 2% to the prior year • Water Systems sales increased by 1%, while Fueling Systems and Distribution’s net sales decreased 14% and 2%, respectively • Operating","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-23-000177","anchor_url":"https://secwatch.observer/filing/0000038725-23-000177#claim-a68bf846cf8b2a2a9eed562d84b0c6f4c5e99527","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000177/0000038725-23-000177-index.htm"},{"fact_type":"executive_change","fact_key":"5551b32596","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-08-04T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":"2023-07-31","interim":false,"role":"Vice President and President, Global Water","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Donald Kenney retired as Vice President and President, Global Water at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"Donald Kenney retired from his positions as Vice President of the Company and President, Global Water.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-23-000160","anchor_url":"https://secwatch.observer/filing/0000038725-23-000160#claim-5551b32596","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000160/0000038725-23-000160-index.htm"},{"fact_type":"earnings_release","fact_key":"17f9fe2858695843cd7a9cd1c49cb43927ad2a22","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-07-25T23:59:59+00:00","payload":{"eps_text":"$1.27","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"second quarter of 2023","report_date":"2023-07-25","result_type":"reported_results","revenue_text":"$569.1 million"},"claim":"FRANKLIN ELECTRIC CO INC reported second quarter of 2023 results: revenue $569.1 million, EPS $1.27. Guidance reaffirmed.","evidence_excerpt":"Franklin Electric Co., Inc. today announced its second quarter financial results for fiscal year 2023. Second quarter 2023 net sales were $569.1 million, compared to second quarter 2022 net sales of $551.1 million. Second quarter 2023 operating income was $80.9 million, compared to second quarter 2022 operating income of $81.0 million. Second quarter 2023 EPS was $1.27, versus EPS in the second quarter 2022 of $1.26.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-23-000149","anchor_url":"https://secwatch.observer/filing/0000038725-23-000149#claim-17f9fe2858695843cd7a9cd1c49cb43927ad2a22","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000149/0000038725-23-000149-index.htm"},{"fact_type":"executive_change","fact_key":"3db5168f52","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-07-05T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":null,"interim":false,"role":"Vice President and President, Global Water","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Greg Levine was appointed as Vice President and President, Global Water at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"On July 5, 2023, Franklin Electric Co., Inc. announced the retirement of Donald Kenney from his role as Vice President and President, Global Water and the appointment of Greg Levine as Vice President and President, Global Water.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-23-000144","anchor_url":"https://secwatch.observer/filing/0000038725-23-000144#claim-3db5168f52","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000144/0000038725-23-000144-index.htm"},{"fact_type":"executive_change","fact_key":"7682e0c8ee","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-07-05T23:59:59+00:00","payload":{"action":"retired","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Vice President and President, Global Water","role_category":"other_named_officer","successor_name":"Greg Levine","successor_named":true},"claim":"Donald Kenney retired as Vice President and President, Global Water at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"On July 5, 2023, Franklin Electric Co., Inc. announced the retirement of Donald Kenney from his role as Vice President and President, Global Water and the appointment of Greg Levine as Vice President and President, Global Water.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-23-000144","anchor_url":"https://secwatch.observer/filing/0000038725-23-000144#claim-7682e0c8ee","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000144/0000038725-23-000144-index.htm"},{"fact_type":"shareholder_vote","fact_key":"c3d8cc45ce15f9331802da3e4c40182048622087","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-05","outcome":"passed","proposal_text":"Advisory Vote on Frequency of Future Advisory Votes on Compensation - To consider, on an advisory basis, the frequency of future advisory votes on the compensation of the named executive officers.","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":"1,352,026","subject":null,"votes_abstain":"55,850","votes_against":null,"votes_for":"40,647,670","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Advisory Vote on Frequency of Future Advisory Votes on Compensation - To consider, on an advisory basis, the frequency of future advisory votes on the compensation of the named executive officers. at the 2023-05-05 meeting.","evidence_excerpt":"Proposal 5 - Advisory Vote on Frequency of Future Advisory Votes on Compensation To consider, on an advisory basis, the frequency of future advisory votes on the compensation of the named executive officers as disclosed in the proxy statement. The advisory vote on the frequency of future advisory votes on the compensation of the Company's named executive officers was voted on by the shareholders as follows: 1 Year 2 Year 3 Year Abstentions Broker non-votes 40,647,670 25,899 1,154,512 55,850 1,352,026","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-23-000092","anchor_url":"https://secwatch.observer/filing/0000038725-23-000092#claim-c3d8cc45ce15f9331802da3e4c40182048622087","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000092/0000038725-23-000092-index.htm"},{"fact_type":"shareholder_vote","fact_key":"6489fc27495139a5a0273b874a6bb30b671dacf0","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-05","outcome":"passed","proposal_text":"Approval of the Franklin Electric Co., Inc. Amended and Restated 2017 Stock Plan","proposal_type":"equity_plan","results":[{"broker_non_votes":"1,352,026","subject":null,"votes_abstain":"66,151","votes_against":"1,701,587","votes_for":"40,116,193","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Approval of the Franklin Electric Co., Inc. Amended and Restated 2017 Stock Plan at the 2023-05-05 meeting.","evidence_excerpt":"Proposal 4 - Vote on the Franklin Electric Co., Inc. Amended and Restated 2017 Stock Plan To consider the approval of the Franklin Electric Co., Inc. Amended and Restated 2017 Stock Plan. The proposal was approved by the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 40,116,193 1,701,587 66,151 1,352,026","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-23-000092","anchor_url":"https://secwatch.observer/filing/0000038725-23-000092#claim-6489fc27495139a5a0273b874a6bb30b671dacf0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000092/0000038725-23-000092-index.htm"},{"fact_type":"shareholder_vote","fact_key":"6707c692517d7d1a35e458859cdc0566f74dcf6f","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-05","outcome":"passed","proposal_text":"Advisory Vote on Executive Compensation - To consider, on an advisory basis, the executive compensation of the named executive officers as disclosed in the proxy statement.","proposal_type":"say_on_pay","results":[{"broker_non_votes":"1,352,026","subject":null,"votes_abstain":"62,740","votes_against":"1,776,115","votes_for":"40,045,076","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Advisory Vote on Executive Compensation - To consider, on an advisory basis, the executive compensation of the named executive officers as disclosed in the proxy statement. at the 2023-05-05 meeting.","evidence_excerpt":"Proposal 3 - Advisory Vote on Executive Compensation To consider, on an advisory basis, the executive compensation of the named executive officers as disclosed in the proxy statement. The advisory vote on approval of the compensation of the Company's named executive officers was approved by the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 40,045,076 1,776,115 62,740 1,352,026","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-23-000092","anchor_url":"https://secwatch.observer/filing/0000038725-23-000092#claim-6707c692517d7d1a35e458859cdc0566f74dcf6f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000092/0000038725-23-000092-index.htm"},{"fact_type":"shareholder_vote","fact_key":"5a641dc2fc2c16ae995f871992dd0b966661cb8e","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-05","outcome":"passed","proposal_text":"Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2023 Fiscal Year","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"32,086","votes_against":"1,632,002","votes_for":"41,571,869","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2023 Fiscal Year at the 2023-05-05 meeting.","evidence_excerpt":"Proposal 2 - Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2023 Fiscal Year To ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the 2023 fiscal year. The proposal was approved by a vote of the shareholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 41,571,869 1,632,002 32,086 —","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-23-000092","anchor_url":"https://secwatch.observer/filing/0000038725-23-000092#claim-5a641dc2fc2c16ae995f871992dd0b966661cb8e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000092/0000038725-23-000092-index.htm"},{"fact_type":"shareholder_vote","fact_key":"5560f3979574a7db911df0f8e2ecfef75f68636c","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-05-09T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-05","outcome":"passed","proposal_text":"Election of Directors - To elect Victor D. Grizzle, Alok Maskara and Thomas R. VerHage as directors for terms expiring at the 2026 Annual Meeting of Shareholders.","proposal_type":"director_election","results":[{"broker_non_votes":"1,352,026","subject":"Victor D. Grizzle","votes_abstain":"54,580","votes_against":"6,990,208","votes_for":"34,839,143","votes_withheld":null},{"broker_non_votes":"1,352,026","subject":"Alok Maskara","votes_abstain":"48,922","votes_against":"911,665","votes_for":"40,923,344","votes_withheld":null},{"broker_non_votes":"1,352,026","subject":"Thomas R. VerHage","votes_abstain":"51,942","votes_against":"3,641,551","votes_for":"38,190,438","votes_withheld":null}]},"claim":"FRANKLIN ELECTRIC CO INC shareholders approved Election of Directors - To elect Victor D. Grizzle, Alok Maskara and Thomas R. VerHage as directors for terms expiring at the 2026 Annual Meeting of Shareholders. at the 2023-05-05 meeting.","evidence_excerpt":"Proposal 1 - Election of Directors To elect Victor D. Grizzle, Alok Maskara and Thomas R. VerHage as directors for terms expiring at the 2026 Annual Meeting of Shareholders. Each nominee for director was elected by a vote of the shareholders as follows: Nominees Votes For Votes Against Abstentions Broker Non-Votes Victor D. Grizzle 34,839,143 6,990,208 54,580 1,352,026 Alok Maskara 40,923,344 911,665 48,922 1,352,026 Thomas R. VerHage 38,190,438 3,641,551 51,942 1,352,026","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000038725-23-000092","anchor_url":"https://secwatch.observer/filing/0000038725-23-000092#claim-5560f3979574a7db911df0f8e2ecfef75f68636c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000092/0000038725-23-000092-index.htm"},{"fact_type":"earnings_release","fact_key":"1eb7cdf4f75c84262e5c43cf6c1d4bcd606e5fe3","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-05-02T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"first quarter of 2023","report_date":"2023-05-02","result_type":"reported_results","revenue_text":null},"claim":"FRANKLIN ELECTRIC CO INC updated its first quarter of 2023 guidance (raised).","evidence_excerpt":"On May 2, 2023, Franklin Electric Co., Inc. issued a press release announcing its earnings for the first quarter of 2023. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.","confidence":0.75,"filing_url":"https://secwatch.observer/filing/0000038725-23-000065","anchor_url":"https://secwatch.observer/filing/0000038725-23-000065#claim-1eb7cdf4f75c84262e5c43cf6c1d4bcd606e5fe3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000065/0000038725-23-000065-index.htm"},{"fact_type":"earnings_release","fact_key":"3f56d1f8f402f1e11f75f25122af84139ae1219c","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2023-02-14T23:59:59+00:00","payload":{"eps_text":"$0.84","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fourth quarter and full year of 2022","report_date":"2023-02-14","result_type":"reported_results","revenue_text":"$489.4 million"},"claim":"FRANKLIN ELECTRIC CO INC reported the fourth quarter and full year of 2022 results: revenue $489.4 million, EPS $0.84.","evidence_excerpt":"(EX-99.1) ---\n\nNEWS RELEASE FOR IMMEDIATE DISTRIBUTION FRANKLIN ELECTRIC REPORTS RECORD FOURTH QUARTER 2022 AND FULL YEAR 2022 RESULTS Fourth Quarter 2022 Highlights • Sales of $489.4 million, an increase of 13% over the prior year, was a fourth quarter record • Strong sales growth in all three Segments; Distribution up 27%, Water Systems up 9%, and Fueling Systems up","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-23-000002","anchor_url":"https://secwatch.observer/filing/0000038725-23-000002#claim-3f56d1f8f402f1e11f75f25122af84139ae1219c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872523000002/0000038725-23-000002-index.htm"},{"fact_type":"executive_change","fact_key":"60a35b9085","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2022-05-06T23:59:59+00:00","payload":{"action":"elected","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-05-06","interim":false,"role":"director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Chris Villavarayan was elected as director at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"On May 6, 2022, the Board elected Mr. Chris Villavarayan as a director.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-22-000081","anchor_url":"https://secwatch.observer/filing/0000038725-22-000081#claim-60a35b9085","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872522000081/0000038725-22-000081-index.htm"},{"fact_type":"executive_change","fact_key":"9d595272f3","cik":38725,"ticker":"FELE","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2022-03-24T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2022-03-31","interim":false,"role":"Vice President, Global Product Supply","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Dr. Paul N. Chhabra resigned as Vice President, Global Product Supply at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"On March 24, 2022, Franklin Electric Co., Inc. (the “Company”) announced that Dr. Paul N. Chhabra, an executive officer of the Company, has elected to pursue an opportunity outside of the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000038725-22-000056","anchor_url":"https://secwatch.observer/filing/0000038725-22-000056#claim-9d595272f3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872522000056/0000038725-22-000056-index.htm"}]}