Adobe Appoints Scott B. Freeman to Board of Directors

Ticker: ADBE · Form: 8-K · Filed: 2024-07-18T00:00:00.000Z

Sentiment: neutral

Topics: board-appointment, governance

Related Tickers: DIS

TL;DR

Adobe adds Disney's ex-GC, Scott Freeman, to its board as a Class II Director.

AI Summary

Adobe Inc. announced on July 18, 2024, that its Board of Directors elected Scott B. Freeman as a Class II Director, effective July 12, 2024. Freeman will serve on the Audit Committee and the Nominating and Corporate Governance Committee. He previously served as General Counsel and Corporate Secretary at The Walt Disney Company.

Why It Matters

The addition of a director with significant legal and corporate governance experience from a major entertainment company like Disney could signal a focus on strategic oversight and risk management for Adobe.

Risk Assessment

Risk Level: low — This filing is a routine board appointment and does not involve any significant financial transactions or operational changes.

Key Players & Entities

FAQ

Who is Scott B. Freeman and what is his background?

Scott B. Freeman is a newly elected Class II Director for Adobe Inc. He previously served as General Counsel and Corporate Secretary at The Walt Disney Company.

When was Scott B. Freeman's election effective?

Scott B. Freeman's election as a Class II Director was effective July 12, 2024.

What committees will Scott B. Freeman serve on?

Scott B. Freeman will serve on the Audit Committee and the Nominating and Corporate Governance Committee.

What is Adobe Inc.'s principal executive office address?

Adobe Inc.'s principal executive offices are located at 345 Park Avenue, San Jose, California 95110-2704.

What is the filing date of this Form 8-K?

This Form 8-K was filed as of July 18, 2024.

From the Filing

0000796343-24-000173.txt : 20240718 0000796343-24-000173.hdr.sgml : 20240718 20240718161545 ACCESSION NUMBER: 0000796343-24-000173 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240712 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240718 DATE AS OF CHANGE: 20240718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADOBE INC. CENTRAL INDEX KEY: 0000796343 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770019522 STATE OF INCORPORATION: DE FISCAL YEAR END: 1129 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15175 FILM NUMBER: 241124948 BUSINESS ADDRESS: STREET 1: 345 PARK AVE CITY: SAN JOSE STATE: CA ZIP: 95110-2704 BUSINESS PHONE: 4085366000 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95110-2704 FORMER COMPANY: FORMER CONFORMED NAME: ADOBE SYSTEMS INC DATE OF NAME CHANGE: 19940208 8-K 1 adbe-20240712.htm 8-K adbe-20240712 0000796343 false 0000796343 2024-07-12 2024-07-12 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 Date of Report (date of earliest event reported): July 18, 2024 ( July 12, 2024 ) ADOBE INC. (Exact name of registrant as specified in its charter) Delaware 0-15175 77-0019522 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 345 Park Avenue San Jose , California 95110-2704 (Address of principal executive offices and zip code) Registrant’s telephone number, including area code: ( 408 ) 536-6000 Not Applicable (Former name or former address, if changed since last report) 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 (see General Instruction A.2. below): ☐ 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 Name of Each Exchange on Which Registered Common Stock, $0.0001 par value per share ADBE 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.   ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On July 12, 2024, Mark Garfield notified Adobe Inc. (the “ Company ”) of his resignation as Senior Vice President and Chief Accounting Officer of the Company, to be effective as of August 9, 2024, in order to pursue another opportunity. Mr. Garfield’s departure is not due to any disagreement with the Company on any matter relating to the Company’s financial statements, internal control over financial reporting, operations, policies or practices. Mr. Garf

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