AME 8-K
Ametek Inc/ (AME)
8-K
2024-01-16
For: 2024-01-16
View Original
Added on
April 12, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 16, 2024
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (610 ) 647-2121
Not Applicable
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 16, 2024, AMETEK, Inc. (the “Company”) announced that William J. Burke, Executive Vice President and Chief Financial Officer, intends to retire effective April 2, 2024. He will remain with the Company through April 2025 in the role of strategic advisor to facilitate the transition of his responsibilities.
The Company also announced that Dalip M. Puri was elected Executive Vice President and Chief Financial Officer of the Company effective April 2, 2024, assuming Mr. Burke’s position. Mr. Puri, 51, currently serves as Senior Vice President – Operational Finance of the Company, a position he has held since September 1, 2023. Prior, Mr. Puri held the position of Vice President – Operational Finance of the Company from July 2023 to September 2023. From October 2021 to July 2023, Mr. Puri held the position of Vice President – Group Controller. From August 2017 to October 2021, Mr. Puri held the position of Vice President – Treasurer.
There is no arrangement or understanding between Mr. Puri and any other person pursuant to which he was selected Executive Vice President and Chief Financial Officer of the Company, there is no family relationship between Mr. Puri and any Director or Officer of the Company, and Mr. Puri is not a party to any transaction in which the Company is a participant. Mr. Puri will be an executive officer of the Company in his new role.
A copy of the Company’s press releases are attached hereto as Exhibits 99.1 and 99.2 and are incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMETEK, Inc. | |||||||||||
| January 16, 2024 | By: | /s/ THOMAS M. MONTGOMERY | |||||||||
| Name: Thomas M. Montgomery | |||||||||||
Title: Senior Vice President - Comptroller | |||||||||||
Exhibit 99.1
AMETEK Executive Vice President and Chief Financial Officer
William J. Burke to Retire
Berwyn, Pa., Jan. 16, 2024 – AMETEK, Inc. (NYSE: AME) today announced that William J. Burke, AMETEK Executive Vice President and Chief Financial Officer, has decided to retire after 36 years of exceptional service, including nearly eight years as Chief Financial Officer. Mr. Burke’s retirement will be effective April 2, 2024. AMETEK’s Board of Directors has named Dalip M. Puri, currently AMETEK Senior Vice President, Operational Finance, to succeed Mr. Burke as Executive Vice President and Chief Financial Officer. Mr. Burke will remain with the Company as a Senior Advisor through April 2025 to ensure a smooth transition.
“I would like to thank Bill for his tremendous contributions to AMETEK over a long and distinguished 36-year career,” said David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Bill’s leadership, guidance and expertise have been instrumental in the growth and success of AMETEK and the development of our world-class finance organization. On behalf of all AMETEK colleagues, I congratulate Bill on his outstanding career, and wish him and his family all the best as they plan for his upcoming retirement.”
Mr. Burke joined AMETEK in 1987 and served in a number of financial, operational and business unit management roles prior to being named Vice President, Investor & Corporate Relations in 1999. He was elected Vice President, Investor Relations and Treasurer in 2007 and in 2012 was named Senior Vice President, Comptroller & Treasurer. He was elected Executive Vice President and Chief Financial Officer in May 2016.
Corporate Profile
AMETEK, Inc. is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales over $6.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500. For more information, visit www.ametek.com.
Contact:
Kevin Coleman
Vice President, Investor Relations & Treasurer
Phone: 610.889.5247
Exhibit 99.2
AMETEK Promotes Dalip M. Puri to Executive Vice President and
Chief Financial Officer
Berwyn, Pa., Jan. 16, 2024 – AMETEK, Inc. (NYSE: AME) today announced the Board of Directors has elected Dalip M. Puri as Executive Vice President and Chief Financial Officer, effective April 2, 2024. Mr. Puri currently serves as Senior Vice President, Operational Finance. He will replace William J. Burke who has announced his retirement after 36 years with AMETEK.
“I am very pleased to announce Dalip’s appointment as Executive Vice President and Chief Financial Officer,” said David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Throughout his tenure at AMETEK, Dalip has provided strong leadership within our financial organization and has led a number of important initiatives across the company. His extensive background in corporate finance, treasury, investor relations and controllership, along with his excellent leadership skills, make him ideally suited to lead AMETEK’s strong financial organization.”
Mr. Puri was promoted to Senior Vice President, Operational Finance in September 2023 after being named Vice President, Operational Finance in July 2023. Prior to that, Mr. Puri was Vice President and Group Controller since October 2021. Dalip joined AMETEK in 2017 as Vice President and Treasurer. Prior to joining AMETEK, Dalip was Vice President, Treasurer and Investor Relations at Chemtura Corporation. Earlier in his career Dalip held roles of increasing responsibility at Delphi Corporation and Hewitt Associates.
Mr. Puri holds a Bachelor of Commerce in Finance degree from Concordia University and a Master of Business Administration degree from the University of Western Ontario.
Corporate Profile
AMETEK, Inc. is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales over $6.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, New Product Development, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 90 years and is a component of the S&P 500. For more information, visit www.ametek.com.
Contact:
Kevin Coleman
Vice President, Investor Relations & Treasurer
Phone: 610.889.5247