Adobe Appoints New Director Scott B. Freeman
Ticker: ADBE · Form: 8-K · Filed: Aug 8, 2024 · CIK: 796343
| Field | Detail |
|---|---|
| Company | Adobe Inc. (ADBE) |
| Form Type | 8-K |
| Filed Date | Aug 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $515,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-appointment, governance
Related Tickers: DIS
TL;DR
Adobe adds Scott Freeman, ex-Disney GC, to its board as a Class II Director.
AI Summary
Adobe Inc. announced on August 8, 2024, that its Board of Directors elected Scott B. Freeman as a Class II Director, effective August 5, 2024. Freeman will serve on the Audit Committee and the Compensation Committee. He previously served as Executive Vice President and General Counsel at The Walt Disney Company.
Why It Matters
The addition of a new director with legal and corporate governance experience can influence strategic decisions and oversight for Adobe.
Risk Assessment
Risk Level: low — This filing is a routine board appointment and does not involve significant financial or operational changes.
Key Players & Entities
- Adobe Inc. (company) — Registrant
- Scott B. Freeman (person) — Newly elected Class II Director
- August 5, 2024 (date) — Effective date of director election
- August 8, 2024 (date) — Date of report
- The Walt Disney Company (company) — Former employer of new director
FAQ
Who is Scott B. Freeman and what is his role at Adobe?
Scott B. Freeman has been elected as a Class II Director of Adobe Inc., effective August 5, 2024. He will serve on the Audit Committee and the Compensation Committee.
What is the effective date of Scott B. Freeman's directorship?
Scott B. Freeman's election as a Class II Director is effective August 5, 2024.
Which committees will Scott B. Freeman serve on?
Scott B. Freeman will serve on the Audit Committee and the Compensation Committee of Adobe's Board of Directors.
What was Scott B. Freeman's previous role?
Scott B. Freeman previously served as Executive Vice President and General Counsel at The Walt Disney Company.
What is the filing date of this 8-K report?
This Form 8-K filing is dated August 8, 2024.
Filing Stats: 826 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-08-08 16:05:40
Key Financial Figures
- $0.0001 — ange on Which Registered Common Stock, $0.0001 par value per share ADBE NASDAQ Global
- $515,000 — z will receive an annual base salary of $515,000, a target annual cash bonus opportunity
Filing Documents
- adbe-20240805.htm (8-K) — 24KB
- 0000796343-24-000192.txt ( ) — 173KB
- adbe-20240805.xsd (EX-101.SCH) — 2KB
- adbe-20240805_def.xml (EX-101.DEF) — 13KB
- adbe-20240805_lab.xml (EX-101.LAB) — 25KB
- adbe-20240805_pre.xml (EX-101.PRE) — 15KB
- adbe-20240805_htm.xml (XML) — 3KB
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 hereunto duly authorized. ADOBE INC. Date: August 8, 2024 By: /s/ Dana Rao Dana Rao Executive Vice President, General Counsel & Chief Trust Officer and Corporate Secretary 3