On November 12, 2012, Bob L. Moss resigned from the Board of Directors of Watsco Inc. Mr. Moss was elected by the holders of the company's Class B common stock, and his original term was to expire at the company's 2013 annual meeting of shareholders. On November 12, 2012, the Board appointed David C. Darnell, 59, to fill the vacancy created by Mr. Moss' resignation, and Mr. Darnell will serve for a term expiring at the company's 2013 annual meeting of shareholders. Mr. Darnell has served as the Co-Chief Operating Officer of Bank of America Corporation since September 2011.

Prior to that, Mr. Darnell served as the President of Bank of America's Global Commercial Banking team from July 2005 to September 2011.