01—Abstract
Summary
Summary of the 8-K filed September 13, 2010. Cited figures are marked; the original filing is the authoritative source.
This Accenture plc (ACN) Form 8-K filing, dated September 13, 2010, announces a significant addition to its Board of Directors.
Dennis F. Hightower has been appointed as a new director, effective September 10, 2010. Mr. Hightower brings a wealth of experience, having previously served on the board of Accenture's predecessor and holding a recent prominent role as U.S. Deputy Secretary of Commerce.
His extensive background in global marketing, strategic planning, operations, and international general management, along with his prior executive leadership, is expected to provide valuable insights to the company. Mr. Hightower will serve as a Class I director until the February 2011 annual shareholder meeting and has been appointed to the Compensation and Nominating & Governance committees.
His compensation will be prorated for the remainder of the current director compensation year, with options for cash or equity. Notably, he will not receive the standard equity grant for newly appointed directors due to his previous service, demonstrating a continued commitment to the company's governance structure.
02—Key points
Key Highlights
- Accenture plc appointed Dennis F. Hightower as a new member of its Board of Directors.
- Mr. Hightower's appointment is effective September 10, 2010, and he will serve until the February 2011 annual shareholder meeting.
- He brings extensive experience from over 35 years in global marketing, strategic planning, operations, and international general management.
- Mr. Hightower previously served as U.S. Deputy Secretary of Commerce from August 2009 to August 2010.
- He has been appointed to the Board's Compensation and Nominating & Governance committees.
- His compensation will be prorated for the remainder of the director compensation year, with options for cash or equity.
- Due to prior board service, Mr. Hightower will not receive the standard equity grant for newly appointed directors.
03—Questions
Frequently Asked Questions
Who has been appointed to Accenture's Board of Directors?
Dennis F. Hightower has been appointed as a new director to the Board of Directors of Accenture plc.
What is Mr. Hightower's relevant background and experience?
Mr. Hightower has over 35 years of experience in global marketing, strategic planning, operations, and international general management. He also served as U.S. Deputy Secretary of Commerce from August 2009 to August 2010 and was previously a director of Accenture's predecessor, Accenture Ltd.
What committees will Mr. Hightower serve on?
Mr. Hightower has been appointed to serve on the Board's Compensation and Nominating & Governance committees.
How will Mr. Hightower be compensated for his role as a director?
Mr. Hightower will receive a pro rata portion of the standard compensation for board and committee service, based on the remaining days in the current director compensation year. He can elect to receive this compensation in cash or equity. He will not receive the standard equity grant for newly appointed directors due to his prior service.
04—Continue