Form 8-K Woodward, Inc. For: May 16

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________

Form 8-K
______________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): May 16, 2016  

Woodward, Inc.
(Exact Name of Registrant as Specified in Charter)

970-482-5811
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Board of Directors (the “Board”) of Woodward, Inc. (“Woodward”) has appointed Jonathan (“Jack”) W. Thayer to serve on the Board, effective immediately. Mr. Thayer was also concurrently appointed to the Audit Committee of the Board. Mr. Thayer will be included in the class of directors who have been elected to hold office until Woodward’s 2016 annual meeting of stockholders (to be held in or about January 2017) and until their successors have been duly elected and qualified. In connection with the appointment of Mr. Thayer, the Board increased the approved number of its directors from 9 to 10.

Mr. Thayer will receive the same compensation for service as a director as is provided to Woodward’s other directors, as described in “Director Compensation” contained on page 23 of Woodward’s Proxy Statement dated December 9, 2015 filed with the Securities and Exchange Commission, which description is hereby incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
99.1 Press Release of Woodward, Inc. dated May 16, 2016

SIGNATURE

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.

Exhibit Index

EXHIBIT 99.1

Woodward Announces Appointment of New Board Member

FORT COLLINS, Colo., May 16, 2016 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD) today announced that its Board of Directors has appointed Jonathan (“Jack”) W. Thayer, 45, to serve on the Board, effective immediately. Mr. Thayer was also appointed to the Audit Committee of the Board.

Mr. Thayer joined Chicago-based Exelon Corporation in January 2012 and serves as Senior Executive Vice President and Chief Financial Officer.  Exelon Corporation is an energy provider that operates several energy businesses, doing business in 48 states, the District of Columbia, and Canada. As CFO, Mr. Thayer is responsible for leading all financial activities including financial reporting, planning, audit, tax, treasury and investor relations.

Prior to joining Exelon, Mr. Thayer served as a Senior Vice President and Chief Financial Officer of Constellation Energy in Baltimore, Maryland.

“Mr. Thayer is a highly strategic financial expert with a deep understanding of shareholder value and investor relations. His expertise in investments, knowledge of operations and strong experience leading across periods of growth, maturity, and crisis are a rare and valuable blend of skills to have in a Director,” said Thomas A. Gendron, Woodward Chairman of the Board and Chief Executive Officer.

Mr. Thayer graduated from Middlebury College, and received his MBA from Harvard University. 

About Woodward, Inc.

Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company's innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com, and connect with us at www.facebook.com/woodwardinc.

Notice Regarding Forward-Looking Statements

The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s quarterly cash dividend. Actual results could differ materially from projections or any other forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2015 and any subsequently filed Quarterly Report on Form 10-Q.

CONTACT:

Tracy Gohari
Business Communications
970-498-3126
[email protected]

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