On March 13, 2018, David C. Darnell resigned from the Board of Directors of Watsco, Inc. Mr. Darnell was elected by the holders of the Company's Common stock, and his term was to expire at the Company's 2019 annual meeting of shareholders. On March 19, 2018, the Board appointed Slava Rubin as a Common share director to fill Mr. Darnell's vacant position and nominated Mr. Rubin to stand for election at the Company's 2018 shareholder meeting for a term to expire at the Company's 2019 annual meeting of shareholders. The Board additionally appointed Mr. Rubin to serve on its newly formed Strategy Committee. Mr. Rubin is an innovative technologist and is the co-founder of Indiegogo, Inc. Mr. Rubin is responsible for executing Indiegogo's strategic growth initiatives, including the enterprise business as well as blockchain and equity investing. Prior to co-founding Indiegogo in 2008, Mr. Rubin was a strategy consultant, working for nearly a decade on behalf of clients such as MasterCard and FedEx. On March 19, 2018, Barry S. Logan resigned from the Board. Mr. Logan was elected by the holders of the Company's Class B common stock, and his term was to expire at the Company's 2019 annual meeting of shareholders. Mr. Logan continues to perform his current duties in every aspect as the Company's Senior Vice President and Secretary and will attend all future Board meetings. On March 19, 2018, the Board appointed Brian Keeley as a Class B share director to fill Mr. Logan's vacant position and nominated Mr. Keeley for election at the Company's 2018 shareholder meeting for a term to expire at the Company's 2019 annual meeting of shareholders. The Board additionally appointed Mr. Keeley to serve on the Board's Audit Committee. Mr. Keeley is the President and CEO of Baptist Health South Florida.
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. 
