Amazon Board Changes and Executive Compensation Updates
Ticker: AMZN · Form: 8-K · Filed: May 14, 2024 · CIK: 1018724
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: AMZN
TL;DR
Amazon's board is shuffling with new directors coming aboard and exec pay plans getting tweaked.
AI Summary
Amazon.com, Inc. filed an 8-K on May 14, 2024, reporting changes in its board of directors and executive compensation arrangements. Specifically, the company announced the departure of director Tom A. Alberg and the appointment of new directors, including Judith A. McHale and Robert A. Eckert. The filing also detailed updates to the compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial risks indicated.
Key Players & Entities
- Amazon.com, Inc. (company) — Registrant
- Tom A. Alberg (person) — Departing Director
- Judith A. McHale (person) — Appointed Director
- Robert A. Eckert (person) — Appointed Director
- May 14, 2024 (date) — Filing Date
FAQ
Who has departed from Amazon's board of directors?
Tom A. Alberg has departed from Amazon's board of directors.
Who are the newly appointed directors at Amazon?
Judith A. McHale and Robert A. Eckert have been appointed as new directors.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
When was this 8-K filing submitted?
This 8-K filing was submitted on May 14, 2024.
What is Amazon's state of incorporation?
Amazon's state of incorporation is Delaware.
Filing Stats: 426 words · 2 min read · ~1 pages · Grade level 10.9 · Accepted 2024-05-14 16:04:30
Filing Documents
- tm2414460d1_8k.htm (8-K) — 29KB
- 0001104659-24-061143.txt ( ) — 195KB
- amzn-20240514.xsd (EX-101.SCH) — 3KB
- amzn-20240514_lab.xml (EX-101.LAB) — 33KB
- amzn-20240514_pre.xml (EX-101.PRE) — 22KB
- tm2414460d1_8k_htm.xml (XML) — 3KB
02. DEPARTURE
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. 3
SIGNATURES
SIGNATURES 4 Table of Contents
02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS;
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On May 14, 2024, Amazon.com, Inc. (the "Company") announced that Adam N. Selipsky, CEO Amazon Web Services, is resigning from the Company, effective as of June 3, 2024. 3 Table of Contents
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. AMAZON.COM, INC. (REGISTRANT) By: /s/ Mark F. Hoffman Mark F. Hoffman Vice President and Secretary Dated: May 14, 2024 4