On March 3, 2014, the Board of Directors of Watsco Inc. appointed Bob L. Moss to the Board. Mr. Moss previously served as a Watsco director for 20 years from 1992 to 2012. His initial term will expire at the company's 2014 annual meeting of shareholders, at which he will stand for election for a term expiring in 2016.
Mr. Moss replaces George P. Sape, who resigned from the company's Board effective March 3, 2014. Mr. Sape and the company have no disagreements, and the company is grateful for his service and contributions as a Board member for the past 10 years. Also on March 3, 2014, Paul W. Johnston was appointed to the newly-created position of Senior Vice President, Office of the Chairman.
In his new role, Mr. Johnston will advise Chairman and CEO in focusing on long-term strategy initiatives for the company. In connection with his new appointment, Mr. Johnston vacated his role as a named executive officer, having served as Vice President of the company since March 2008. Mr. Johnston remains a full-time employee of the company.
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.
WATSCO, INC. 
