8-KLeadership Changes

AGILENT TECHNOLOGIES, INC. 8-K Report, Executive Changes (Oct 25, 2006)

Filed October 25, 2006For Securities:A

Summary

Agilent Technologies, Inc. (Agilent) has filed a Current Report on Form 8-K to disclose a significant change in its senior accounting leadership. David Cooper, Agilent's Senior Vice President of Finance & Treasurer and the principal accounting officer, resigned effective November 3, 2006. Mr. Cooper is moving to Art.com, Inc. to serve as its Chief Financial Officer. In response to Mr. Cooper's departure, Agilent has appointed Adrian T. Dillon, the Executive Vice President, Finance and Administration and Chief Financial Officer, to also assume the responsibilities of the principal accounting officer, effective November 3, 2006. Mr. Dillon brings extensive financial experience from his tenure at Agilent and previously at Eaton Corporation. Investors should note that Mr. Dillon's compensation and benefits, including a change of control severance agreement and a relocation loan, were previously disclosed in Agilent's proxy statement and 10-K filings.

Key Highlights

  • 1Agilent Technologies announces the resignation of its Senior Vice President Finance & Treasurer and Principal Accounting Officer, David Cooper, effective November 3, 2006.
  • 2David Cooper is leaving Agilent to become the Chief Financial Officer of Art.com, Inc.
  • 3Effective November 3, 2006, Adrian T. Dillon, Executive Vice President, Finance and Administration, Chief Financial Officer, will assume the duties of Principal Accounting Officer.
  • 4Adrian T. Dillon has a strong financial background, having served as CFO of Agilent since December 2001 and holding various roles at Eaton Corporation prior to that.
  • 5Details regarding Mr. Dillon's change of control severance agreement and relocation loan are available in prior Agilent SEC filings (2006 proxy statement and 2005 10-K).

Frequently Asked Questions

David Cooper resigned from Agilent to accept the position of Chief Financial Officer at Art.com, Inc.

Adrian T. Dillon, Agilent's Executive Vice President, Finance and Administration, Chief Financial Officer, will assume the responsibilities of the Principal Accounting Officer upon Mr. Cooper's departure.

Both David Cooper's resignation and Adrian T. Dillon's assumption of the Principal Accounting Officer role are effective November 3, 2006.

Information regarding Mr. Dillon's change of control severance agreement and relocation loan was detailed in Agilent's proxy statement for its 2006 annual meeting and a summary compensation sheet was filed as Exhibit 10.60 to Agilent's Form 10-K for the fiscal year ended October 31, 2005.