DuPont Adds Directors, Loses One Board Member
Ticker: DD · Form: 8-K · Filed: May 22, 2024 · CIK: 1666700
| Field | Detail |
|---|---|
| Company | Dupont De Nemours, Inc. (DD) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $1,200,000, $6,000,000, $700,000, $2,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, governance
Related Tickers: DD
TL;DR
DuPont swapped a director, adding two new faces to the board.
AI Summary
On May 22, 2024, DuPont de Nemours, Inc. announced the departure of board member, Raj L. Gupta, effective immediately. The company also announced the election of two new directors, Brenda L. Gaines and David L. Hauser, to its Board of Directors, also effective May 22, 2024. These changes are part of the company's ongoing efforts to enhance its board composition.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing reports routine board changes and does not indicate any significant financial or operational risks.
Key Players & Entities
- DuPont de Nemours, Inc. (company) — Registrant
- Raj L. Gupta (person) — Departing Board Member
- Brenda L. Gaines (person) — Newly Elected Board Member
- David L. Hauser (person) — Newly Elected Board Member
- May 22, 2024 (date) — Effective date of changes
FAQ
Who has departed from DuPont's Board of Directors?
Raj L. Gupta has departed from DuPont's Board of Directors, effective May 22, 2024.
Who are the new members elected to DuPont's Board of Directors?
Brenda L. Gaines and David L. Hauser have been elected as new members to DuPont's Board of Directors.
When were the board changes effective?
The departure of Raj L. Gupta and the election of Brenda L. Gaines and David L. Hauser were all effective on May 22, 2024.
What is the primary reason cited for these board changes?
The filing indicates these changes are part of the company's ongoing efforts to enhance its board composition.
What is DuPont de Nemours, Inc.'s state of incorporation?
DuPont de Nemours, Inc. is incorporated in Delaware.
Filing Stats: 1,592 words · 6 min read · ~5 pages · Grade level 9.7 · Accepted 2024-05-22 16:58:06
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share DD New York Stock Exchang
- $1,200,000 — ase in Ms. Koch's annual base salary to $1,200,000 and an increase in her target short-ter
- $6,000,000 — wards with a target grant date value of $6,000,000 to Ms. Koch under the DuPont de Nemours
- $700,000 — in Ms. Franzen's annual base salary to $700,000 and an increase in her target short-ter
- $2,000,000 — wards with a target grant date value of $2,000,000 to Ms. Franzen under the EIP, of which
Filing Documents
- d650562d8k.htm (8-K) — 32KB
- d650562dex991.htm (EX-99.1) — 17KB
- d650562dex992.htm (EX-99.2) — 36KB
- g650562g0522205115739.jpg (GRAPHIC) — 2KB
- g650562g0522205751909.jpg (GRAPHIC) — 2KB
- 0001193125-24-145041.txt ( ) — 233KB
- dd-20240522.xsd (EX-101.SCH) — 3KB
- dd-20240522_lab.xml (EX-101.LAB) — 18KB
- dd-20240522_pre.xml (EX-101.PRE) — 11KB
- d650562d8k_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On May 22, 2024, the Company issued a press release announcing the leadership changes described in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into Item 8.01 of this Current Report. On May 22, 2024, the Company issued a press release announcing a plan to separate into three distinct, publicly-traded companies. Under the plan, the Company expects to execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its stockholders. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated by reference into Item 8.01 of this Current Report. The information contained in this Item 8.01, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of Section 18. Furthermore, the information contained in this Item 8.01, including Exhibits 99.1 and 99.2 attached hereto, shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended. Section 9 – Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release issued by DuPont de Nemours, Inc. on May 22, 2024, announcing leadership changes. 99.2 Press release issued by DuPont de Nemours, Inc. on May 22, 2024, announcing plan for the separations. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
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. DUPONT DE NEMOURS, INC. Registrant Date: May 22, 2024 By: /s/ Erik T. Hoover Name: Erik T. Hoover Title: Senior Vice President and General Counsel EXHIBIT INDEX Exhibit No. Description 99.1 Press release issued by DuPont de Nemours, Inc. on May 22, 2024, announcing leadership changes. 99.2 Press release issued by DuPont de Nemours, Inc. on May 22, 2024, announcing plan for the separations. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.