Company Overview of SPX Corporation
SPX Corporation provides specialized engineered solutions worldwide. It primarily operates in two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment manufactures and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids for original equipment installation, including turnkey and skidded systems, and components, as well as aftermarket components and support services. This segment primarily offers engineered pumps, valves, mixers, plate heat exchangers, and dehydration and filtration technologies for customers in food and beverage, power and energy, and industrial end markets. The Thermal Equipment and Services se...
13320 Ballantyne Corporate Place
Charlotte, NC 28277
Founded in 1911
Key Executives for SPX Corporation
Total Annual Compensation: $1.1M
Chief Financial Officer and Vice President
Total Annual Compensation: $401.7K
Executive Vice President of Global Business Systems & Services
Total Annual Compensation: $763.4K
President of Global Manufacturing Operations and Segment President of Industrial Products & Services
Total Annual Compensation: $514.6K
Compensation as of Fiscal Year 2012.
SPX Corporation Key Developments
SPX Corp. Purchases Ballantyne Headquarters Property for $61 Million
Mar 14 14
SPX Corp. has purchased its headquarters property at Ballantyne Corporate Park for $60.6 million. The company bought the property in two transactions late last month from affiliates of The Bissell Cos. SPX signed a 15-year lease that gave it the option to purchase the property, and it has a second purchase option for a 4.5-acre expansion site. The expansion property is between the SPX building and a recreational field on Ballantyne Corporate Place used by the Morrison YMCA. SPX's expansion option must be exercised by November 30, 2015.
SPX Corporation Elects Patrick D. Campbell as an additional member of the company's Board of Directors
Mar 7 14
SPX Corporation announced that its Board of Directors has elected Patrick D. Campbell as an additional member of the company's Board of Directors. Mr. Campbell will stand for re-election at the company's 2014 Annual Meeting for a term expiring in 2017. Mr. Campbell is the retired Senior Vice President and Chief Financial Officer of 3M Company, a position he held from 2002 to 2011. As the former Senior Vice President and Chief Financial Officer of 3M Company, Mr. Campbell has expert knowledge in finance. In addition to responsibilities for traditional finance functions at 3M, Mr. Campbell was also responsible for Mergers and Acquisitions and Information Technology, and offers significant expertise in each of those areas.
SPX Corporation Declares Quarterly Dividend, Payable on April 2, 2014
Feb 27 14
SPX Corporation announced that its board of directors has declared a quarterly dividend of $0.375 per common share payable on April 2, 2014 to shareholders of record on March 14, 2014. This reflects a 50% increase in the annual dividend to $1.50 per share, paid quarterly, which was approved by the Board of Directors on February 10, 2014.
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