Fortive adds Susan Main to board, audit panel
Fortive Corporation (FTV) reported that, effective September 9, 2026, its Board of Directors increased in size from eight to nine members and appointed Susan L. Main as a director for a term expiring at the 2027 Annual Meeting of Shareholders.
Rhea-AI Filing Summary
Fortive Corporation (FTV) reported that, effective September 9, 2026, its Board of Directors increased in size from eight to nine members and appointed Susan L. Main as a director for a term expiring at the 2027 Annual Meeting of Shareholders. She was concurrently appointed to the Board’s Audit Committee, determined to be independent under New York Stock Exchange listing standards, and designated an audit committee financial expert under Item 407(d) of Regulation S-K. As a non-employee director, she will receive the same compensation as other non-employee directors and has entered into the company’s standard indemnification agreement.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Board size after change: 9 directors
Board size before change: 8 directors
Effective date of appointment: September 9, 2026
+1 more
4 metrics
Board size after change
9 directors
Board size increased from eight to nine members effective September 9, 2026
Board size before change
8 directors
Number of Fortive directors before the appointment of Susan L. Main
Effective date of appointment
September 9, 2026
Date Susan L. Main’s term as director and Audit Committee member commenced
Director term expiration
2027 Annual Meeting of Shareholders
Scheduled expiration of Susan L. Main’s initial board term
Key Terms
audit committee financial expert, indemnification agreement, non-employee director, Item 404(a) of Regulation S-K
4 terms
audit committee financial expert financial
"Ms. Main is independent ... and is an audit committee financial expert"
A person on a company’s board who has deep knowledge of accounting, financial reporting and auditing, able to understand and question the books, controls and audit work like a trained mechanic inspecting an engine. Investors care because that expertise helps spot errors, weaknesses or misleading statements early, improving the likelihood that financial reports are accurate and reducing the risk of surprises that can hurt a company’s value.
indemnification agreement regulatory
"Ms. Main has also entered into an indemnification agreement with the Company"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
non-employee director financial
"As a non-employee director, Ms. Main will receive the same compensation"
Item 404(a) of Regulation S-K regulatory
"no transactions in which Ms. Main has an interest requiring disclosure under Item 404(a)"
FAQ
What board change did Fortive (FTV) announce on September 9, 2026?
Fortive announced that its Board of Directors increased in size from eight to nine members and appointed Susan L. Main as a new director effective September 9, 2026, with a term expiring at the 2027 Annual Meeting of Shareholders.
Who is the new director appointed to Fortive (FTV)’s board and what is her term?
Fortive appointed Susan L. Main to its Board of Directors effective September 9, 2026. Her term runs until the 2027 Annual Meeting of Shareholders and until her successor is duly elected and qualified.
What committee role will Susan L. Main hold at Fortive (FTV)?
The Board concurrently appointed Susan L. Main to Fortive’s Audit Committee. The Board also determined that she is an audit committee financial expert as defined in Item 407(d) of Regulation S-K.
Is Susan L. Main considered independent under NYSE rules at Fortive (FTV)?
Yes. Fortive’s Board determined that Susan L. Main is independent within the meaning of the New York Stock Exchange listing standards, supporting her service as a non-employee director and Audit Committee member.
How will Susan L. Main be compensated as a Fortive (FTV) director?
As a non-employee director, Susan L. Main will receive the same compensation paid to other non-employee directors of Fortive, as previously disclosed in Exhibit 10.1 to the company’s Form 10-Q for the fiscal quarter ended July 3, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
