On February 15, 2024, Steven (Slava) Rubin delivered notice of his resignation from the Board of Directors of Watsco, Inc., effective March 10, 2024. Mr. Rubin was elected by the holders of the Company?s Common stock, and his term was to expire at the Company?s 2025 annual meeting of shareholders. Mr. Rubin?s resignation from the Board was not due to any disagreement with the Company, and Mr. Rubin will join the Company?s Advisory Board effective March 11, 2024.
On February 19, 2024, the Board appointed Barry S. Logan as a director to fill Mr. Rubin?s vacancy on the Board. Mr. Logan joined the Company in 1992 and serves as its Executive Vice President & Secretary, responsible for leading the Company?s strategic initiatives and business development efforts.
Watsco, Inc. is engaged in the distribution of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean. The Company sells products to the commercial refrigeration market, which include condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, and ice machines for industrial and commercial applications. It also sells a variety of non-equipment products including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products. It distributes products manufactured by Flexible Technologies, Inc. (Flexible Technologies), Resideo Technologies, Inc. (Resideo), Copeland Corporation, LLC, The Chemours Company (Chemours), Mueller Industries, Inc. (Mueller), and Welbilt, Inc. (Welbilt), among others. The Company operates in approximately 692 locations.