Franklin Electric Co., Inc. (FELE)

100.89 +0.38 (+0.38%) As of 01:09PM EDT. Market open.

Franklin Electric Co., Inc.

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

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 6,400

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Gregg C. Sengstack	Chairman & CEO	1.84M	4.16M	1958
Mr. Jeffery L. Taylor	VP & CFO	846.85k	N/A	1966
Mr. Jonathan M. Grandon	VP, Chief Administrative Officer, General Counsel & Corporate Secretary	736.78k	N/A	1976
Mr. DeLancey W. Davis	VP & President of Headwater Companies	668.33k	248.41k	1966
Mr. Jay J. Walsh	VP & President of Fueling Systems	742.19k	N/A	1970
Mr. Greg Michael Levine	VP & President of Global Water	N/A	N/A	1974

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes 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. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment. Its motors and pumps are used principally for pumping clean water and wastewater in various residential, agricultural, municipal, and industrial applications; and manufactures electronic drives and controls that are used in motors for controlling functionality, as well as provides protection from various hazards, such as electrical surges, over-heating, and dry wells or 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 fueling system applications. This segment serves other energy markets, such as power reliability systems, as well as includes electronic devices for online monitoring of the power utility, hydroelectric, and telecommunication and data center infrastructure. The Distribution segment sells to and provides presale support and specifications to the installing contractors. It sells products produced by the Water Systems segment. The company sells its products to wholesale and retail distributors, 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 1 April 2024 is 4. The pillar scores are Audit: 5; Board: 4; Shareholder rights: 5; Compensation: 3.

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 10 indicates higher governance risk.