October 21, 2017 10:22 AM ET

Building Products

Company Overview of Allegion plc

Company Overview

Allegion Public Limited Company manufactures and sells mechanical and electronic security products and solutions worldwide. It offers locks, locksets, portable locks, and key systems; door closers and controls/exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories. It also manufactures door and window products, including sealing systems, such as sound control, fire and smoke protection, threshold applications, lights, door louvers, intumescent products, photo-luminescent, and flood barrier for doors for use in commercial spaces and products, as well as designs and manufactures s...

Block D

Iveagh Court

Harcourt Road

Dublin,  2

Ireland

Founded in 2013

9,400 Employees

Phone:

353 1 254 6200

Key Executives for Allegion plc

Chairman, Chief Executive Officer & President
Age: 59
Total Annual Compensation: $950.0K
CFO & Senior VP
Age: 54
Total Annual Compensation: $463.3K
Senior Vice President of Global Operations and Integrated Supply Chain
Age: 59
Total Annual Compensation: $350.0K
Senior Vice President and President of the Americas Region
Age: 55
Total Annual Compensation: $420.0K
Senior Vice President and President of the Europe, Middle East, India, & Africa Region
Age: 52
Total Annual Compensation: $353.0K
Compensation as of Fiscal Year 2016.

Allegion plc Key Developments

Allegion Mulls Acquisitions

Allegion plc (NYSE:ALLE) completed the redemption of its outstanding $600 million high yield senior notes, $300 million of 5.750 percent notes due 2021, and $300 million of 5.875 percent notes due 2023. Senior Vice President and Chief Financial Officer of Allegion plc said that "Completing the debt refinancing and the migration to investment grade results in significantly lower interest expense and increased cash flows for the benefit of our shareholders. These steps reduce our cost of capital and future borrowing costs, which enhance our ability to fund accelerated organic growth as well as future acquisitions."

Allegion Appoints Nicole Parent Haughey to Board of Directors

Allegion plc has appointed Nicole Parent Haughey, chief operating officer for Mimeo.com, to the company's board of directors. She co-founded Vertical Research Partners and is a former vice president of corporate strategy and business development for United Technologies Corporation.

Allegion plc Declares Quarterly Dividend, Payable on September 29, 2017

Allegion plc announced that its board of directors declared a quarterly dividend of $0.16 per ordinary share of the company. The dividend is payable on September 29, 2017, to shareholders of record on September 18, 2017.

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