Amazon Board Changes and Executive Compensation Updates

Ticker: AMZN · Form: 8-K · Filed: 2024-05-14T00:00:00.000Z

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

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.

From the Filing

0001104659-24-061143.txt : 20240514 0001104659-24-061143.hdr.sgml : 20240514 20240514160430 ACCESSION NUMBER: 0001104659-24-061143 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240514 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240514 DATE AS OF CHANGE: 20240514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMAZON COM INC CENTRAL INDEX KEY: 0001018724 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 911646860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22513 FILM NUMBER: 24944173 BUSINESS ADDRESS: STREET 1: 410 TERRY AVENUE NORTH CITY: SEATTLE STATE: WA ZIP: 98109 BUSINESS PHONE: 2062661000 MAIL ADDRESS: STREET 1: 410 TERRY AVENUE NORTH CITY: SEATTLE STATE: WA ZIP: 98109 8-K 1 tm2414460d1_8k.htm FORM 8-K false 0001018724 0001018724 2024-05-14 2024-05-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares Table of Contents       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549       FORM 8-K       CURRENT REPORT   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   May 14, 2024 Date of Report (Date of earliest event reported)       AMAZON.COM, INC. (Exact name of registrant as specified in its charter)       Delaware   000-22513   91-1646860           (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   410 Terry Avenue North , Seattle , Washington 98109-5210   (Address of principal executive offices, including Zip Code)   ( 206 ) 266-1000   (Registrant’s telephone number, including area code)       Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered Common Stock, par value $.01 per share   AMZN   Nasdaq Global Select Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company                                      ¨         If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨         Table of Contents   TABLE OF CONTENTS   ITEM 5.02.  DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. 3  

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