Fortive Corporation filed a current report on September 10, 2026, disclosing the appointment of Susan L. Main to its Board of Directors and Audit Committee, effective September 9, 2026.

Key Highlights

  • Board expansion: Fortive's Board of Directors increased in size from eight to nine members effective September 9, 2026.
  • New director: Susan L. Main was appointed to the Board with a term commencing September 9, 2026, and expiring at the 2027 Annual Meeting of Shareholders.
  • Audit Committee: Ms. Main was concurrently appointed to the Audit Committee of the Board.
  • Independence and expertise: The Board determined Ms. Main is independent under New York Stock Exchange listing standards and qualifies as an audit committee financial expert under Item 407(d) of Regulation S-K.
  • Compensation: Ms. Main will receive the same compensation paid to other non-employee directors, as disclosed in Exhibit 10.1 to the company's Quarterly Report for the fiscal quarter ended July 3, 2026.
  • No related-party arrangements: The filing states there are no transactions requiring disclosure under Item 404(a) of Regulation S-K and no arrangement or understanding with any other person regarding her selection.

Board Composition Change and Audit Committee Role at Fortive

Fortive Corporation, a Delaware-incorporated company headquartered at 6920 Seaway Blvd, Everett, WA, and listed on the New York Stock Exchange under the ticker NYSE:FTV, disclosed the expansion of its Board of Directors and the appointment of a new independent director. According to the filing, the Board voted to grow from eight to nine members and to seat Susan L. Main, with her term set to run through the company's 2027 Annual Meeting of Shareholders, after which her successor is to be duly elected and qualified.

The filing further states that Ms. Main was simultaneously placed on the Audit Committee. The Board determined she meets the New York Stock Exchange's independence standards and satisfies the definition of an audit committee financial expert as specified in Item 407(d) of Regulation S-K. As a non-employee director, Ms. Main's compensation will follow the same schedule applicable to other non-employee directors of Fortive, the terms of which are incorporated by reference from the company's most recent quarterly report covering the period ended July 3, 2026.

Fortive also disclosed that Ms. Main has entered into an indemnification agreement with the company, the form of which was originally filed as Exhibit 10.10 to Amendment No. 2 to the company's Registration Statement filed on April 7, 2016. The filing states explicitly that there is no arrangement or understanding between Ms. Main and any other person in connection with her selection, and that no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K exist.

What Was Disclosed

Fortive Corporation reported the expansion of its Board from eight to nine directors and the appointment of Susan L. Main to both the Board and the Audit Committee, effective September 9, 2026, along with her compensation terms and independence determination.