Agilent CFO Departs; Interim CFO Appointed; New Directors Elected
Ticker: A · Form: 8-K · Filed: May 24, 2024 · CIK: 1090872
| Field | Detail |
|---|---|
| Company | Agilent Technologies, Inc. (A) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, board-changes, interim-cfo
TL;DR
Agilent's CFO is out, interim in, and two new board members are joining.
AI Summary
Agilent Technologies, Inc. announced on May 22, 2024, the departure of its Chief Financial Officer, Robert W. McMahon, effective May 24, 2024. The company also announced the appointment of Michael R. Tang as interim CFO. Additionally, the company elected two new directors, Dr. R. Andrew Eckert and Ms. Jennifer L. Johnson, to its Board of Directors.
Why It Matters
The departure of a CFO and the appointment of an interim successor can signal a period of transition and potential strategic shifts for the company. The addition of new directors may also influence future governance and strategy.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO and board composition can introduce uncertainty regarding future financial strategy and leadership stability.
Key Players & Entities
- Agilent Technologies, Inc. (company) — Registrant
- Robert W. McMahon (person) — Departing Chief Financial Officer
- May 24, 2024 (date) — Effective date of CFO departure
- Michael R. Tang (person) — Appointed Interim Chief Financial Officer
- Dr. R. Andrew Eckert (person) — Elected Director
- Ms. Jennifer L. Johnson (person) — Elected Director
- May 22, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the interim Chief Financial Officer of Agilent Technologies?
Michael R. Tang has been appointed as the interim Chief Financial Officer.
When is Robert W. McMahon's departure as CFO effective?
Robert W. McMahon's departure as CFO is effective May 24, 2024.
How many new directors were elected to Agilent's Board?
Two new directors, Dr. R. Andrew Eckert and Ms. Jennifer L. Johnson, were elected.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 22, 2024.
What is Agilent Technologies, Inc.'s state of incorporation?
Agilent Technologies, Inc. is incorporated in Delaware.
Filing Stats: 599 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2024-05-23 17:56:48
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value A New York Stock Exchange
Filing Documents
- a-20240522.htm (8-K) — 44KB
- a-ex99_1.htm (EX-99.1) — 9KB
- 0000950170-24-064091.txt ( ) — 163KB
- a-20240522.xsd (EX-101.SCH) — 23KB
- a-20240522_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers. On May 22, 2024, Hans E. Bishop notified the board of directors (the " Board ") of Agilent Technologies, Inc. (the " Company ") of his intention to step down as a member of the Company's Board, effective as of May 23, 2024. Mr. Bishop is a member of the Compensation Committee and Nominating/Corporate Governance Committee of the Board. Mr. Bishop has served as a member of the Board since 2017. Mr. Bishop's departure is not the result of any disagreement with the Company regarding its operations, policies or practices. In connection with Mr. Bishop's departure, the size of the Board has been reduced from eleven (11) to ten (10) directors, effective as of May 23, 2024. The Company issued a press release on May 23, 2024 announcing Mr. Bishop's departure from the Company's Board. A copy of the press release is attached as Exhibit 99.1 to this report and incorporated by reference herein.
01 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits. (d) Exhibits The following is furnished as an exhibit to this report and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended: Exhibit No. Description 99.1 Press release dated May 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. AGILENT TECHNOLOGIES, INC. Date: May 23, 2024 By: /s/ P. Diana Chiu Name: P. Diana Chiu Title: Vice President, Interim General Counsel & Secretary