AIT - Applied Industrial Technologies, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD

Applied Industrial Technologies, Inc.

1 Applied Plaza
Cleveland, OH 44115
United States
216-426-4000
http://www.applied.com

SectorIndustrials
IndustryIndustrial Distribution
Full Time Employees5,546

Key Executives

NameTitlePayExercisedYear Born
Mr. Neil A. SchrimsherPres, CEO & Director1.5MN/A1964
Mr. Fred D. BauerVP, Gen. Counsel & Sec.559.84kN/A1966
Mr. Kurt W. LoringVP & Chief Human Resource OfficerN/AN/A1969
Mr. Todd A. BarlettVP of Acquisitions & Global Bus. Devel.484.71kN/A1955
Mr. David K. WellsVP, CFO & TreasurerN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Applied Industrial Technologies, Inc. distributes industrial products in the United States, Puerto Rico, Canada, Mexico, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in two segments, Service Center-Based Distribution and Fluid Power Businesses. The company distributes bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and fluid power products, such as hydraulic, pneumatic, lubrication, and filtration components and systems. It also operates fabricated rubber shops that modify and repair conveyor belts, as well as provide hose assemblies; and field crews to install and repair conveyor belts and rubber lining at customer locations. In addition, the company rebuilds or assembles speed reducers, pumps, valves, cylinders, and electric and hydraulic motors, as well as custom machining products; and offers equipment repair services and technical advice to customers. It offers industrial products through a network of service centers; and fluid power products directly to customers or through service centers. The company serves various industries, including agriculture and food processing, automotive, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, mining, oil and gas, primary metals, transportation, and utilities, as well as government entities. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.

Corporate Governance

Applied Industrial Technologies, Inc.’s ISS Governance QualityScore as of April 1, 2018 is 3. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 9; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.