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.
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.