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

On October 11, 2021, the Board of Directors (the "Board") of Watsco, Inc., a Florida corporation (the "Company") appointed John Macdonald, 64, as a Common stock director and nominated Mr. Macdonald to stand for election at the Company's 2022 annual shareholder meeting for a term to expire at the Company's 2024 annual meeting of shareholders. The Board additionally appointed Mr. Macdonald to serve on the Board's Compensation Committee.

Mr. Macdonald is the former President and CEO of Enercare, Inc., one of the largest home service companies in North America. He retired from Enercare in 2018, following its acquisition by Brookfield Infrastructure. He presently serves as Chairman of the Board of Parity, Inc., a Toronto-based computer software company using artificial intelligence to reduce carbon emissions for multi-tenant buildings. Mr. Macdonald was a member of the Company's Advisory Board from September 2019 until his appointment to the Board on October 11, 2021.

Mr. Macdonald will participate in the standard non-management director compensation arrangements described in the section entitled "Director Compensation" that is included in the Company's 2021 Proxy Statement filed with the Securities and Exchange Commission on April 30, 2021.

There are no arrangements or understandings between either Mr. Macdonald, on the one hand, and any other person, on the other hand, pursuant to which he was appointed to the Board. Since the beginning of the Company's last fiscal year, the Company has not engaged in any transactions, and there are no proposed transactions, or series of similar transactions, in which Mr. Macdonald was or is to be a participant and in which any related person had a direct or indirect material interest in which the amount involved exceeds or exceeded $120,000.

Mr. Macdonald replaces George P. Sape, who resigned from the Board on October 6, 2021. Mr. Sape was elected by the holders of the Company's Common stock, and his term was to expire at the Company's 2024 annual meeting of shareholders. Mr. Sape's resignation from the Board was not due to any disagreement with the Company, and Mr. Sape joined the Company's Advisory Board effective October 11, 2021.

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