Corning Inc. Adds Dr. Michael V. Drake to Board of Directors
Ticker: GLW · Form: 8-K · Filed: Oct 3, 2024 · CIK: 24741
Sentiment: neutral
Topics: board-appointment, governance
Related Tickers: GLW
TL;DR
Corning adds Dr. Drake to the board, effective Oct 3rd.
AI Summary
Corning Inc. announced on October 2, 2024, the election of Dr. Michael V. Drake to its Board of Directors, effective October 3, 2024. Dr. Drake, a distinguished figure with extensive experience in healthcare and academia, will serve on the board's Nominating and Corporate Governance Committee. His appointment is expected to enhance the board's expertise.
Why It Matters
The addition of a director with a background in healthcare and academia could signal a strategic focus or provide valuable insights for Corning's future business development and governance.
Risk Assessment
Risk Level: low — The filing reports a routine board appointment, which typically carries low risk.
Key Players & Entities
- Corning Inc. (company) — Registrant
- Dr. Michael V. Drake (person) — Newly elected Director
- October 2, 2024 (date) — Date of earliest event reported
- October 3, 2024 (date) — Effective date of appointment
FAQ
Who is Dr. Michael V. Drake and what is his background?
Dr. Michael V. Drake is a distinguished figure with extensive experience in healthcare and academia, as noted in the filing.
When was Dr. Drake's election to the Board of Directors effective?
Dr. Drake's election was effective October 3, 2024.
Which committee will Dr. Drake serve on?
Dr. Drake will serve on the board's Nominating and Corporate Governance Committee.
What is the filing date of this 8-K report?
The filing date is October 3, 2024.
What is the earliest event date reported in this filing?
The earliest event reported is October 2, 2024.
Filing Stats: 510 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-10-03 16:53:31
Key Financial Figures
- $0.50 — nge on which registered Common Stock, $0.50 par value per share GLW New York St
Filing Documents
- glw4387691-8k.htm (8-K) — 25KB
- 0001206774-24-000923.txt ( ) — 246KB
- glw-20241002.xsd (EX-101.SCH) — 4KB
- glw-20241002_pre.xml (EX-101.PRE) — 27KB
- glw-20241002_lab.xml (EX-101.LAB) — 36KB
- glw-20241002_def.xml (EX-101.DEF) — 30KB
- glw4387691-8k_htm.xml (XML) — 7KB
02 Departure of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 2, 2024, Hansel E. Tookes II and Kurt M. Landgraf informed the Board of Directors (the "Board") of Corning Incorporated (the "Company") of their intention to retire and resign from their positions as directors of the Board effective November 1, 2024, as part of the Company's regular board refreshment process. Mr. Tookes' and Mr. Landgraf's departures from the Board are not due to any disagreement with the Company on any matter relating to its operations, policies, or practices nor are the departures due to any disagreement the Company or the Board has with either Mr. Tookes or Mr. Landgraf. The Board thanks Mr. Tookes and Mr. Landgraf for their numerous contributions and many years of service to the Company.
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. CORNING INCORPORATED By: /s/ Melissa J. Gambol Name: Melissa J. Gambol Title: Vice President and Corporate Secretary Date: October 3, 2024