FELE - Franklin Electric Co., Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Franklin Electric Co., Inc.

9255 Coverdale Road
Fort Wayne, IN 46809
United States
260-824-2900
http://www.franklin-electric.com

SectorIndustrials
IndustryDiversified Industrials
Full Time Employees5,600

Key Executives

NameTitlePayExercisedYear Born
Mr. Gregg C. SengstackChairman & CEO1.58M98.6k1958
Mr. John J. HainesVP, CFO & Principal Accounting Officer773.68kN/A1964
Mr. Robert J. StoneSr. VP & Pres of International Water Systems751.19k598.19k1965
Mr. DeLancey W. DavisVP & Pres of Headwater Companies690.26k77.25k1966
Mr. Donald P. KenneyVP & Pres of North America Water Systems615.89k91.11k1961
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

Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment. Its motors and pumps are used principally for pumping clean water and wastewater in various residential, agricultural, and industrial applications; and electronic drives and controls are used in motors for controlling functionality, as well as providing protection from various hazards, such as electric surges, over-heating, and dry wells and tanks. The Fueling Systems segment provides pumps, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment primarily for use in submersible fueling system applications. Its fuel pumping systems are used principally in total system solutions for underground gasoline, diesel, and biofuel systems. This segment serves other energy markets, such as power reliability systems, as well as includes intelligent electronic devices for online monitoring of the power utility, hydroelectric, and industrial markets. The Distribution segment sells to and provides pre-sale support and specifications to the installing contractors. It sells products produced by the Water Systems segment and other brands. The company sells its products to specialty distributors, original equipment manufacturers, industrial and petroleum equipment distributors, and oil and utility companies through its employee sales force and independent manufacturing representatives. Franklin Electric Co., Inc. was founded in 1944 and is headquartered in Fort Wayne, Indiana.

Corporate Governance

Franklin Electric Co., Inc.’s ISS Governance QualityScore as of August 1, 2018 is 6. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 5; 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.