Summary
This 8-K/A filing from Analog Devices Inc. (ADI) serves as an amendment to a previously filed 8-K report. The primary purpose of this amendment is to provide updated information regarding the Compensation Committee of the Board of Directors. Specifically, it announces the appointment of Mr. Severino to the Compensation Committee, effective December 6, 2005. This appointment follows Mr. Severino's election to the Board of Directors, which was effective November 22, 2005. As a member of the Board and now the Compensation Committee, Mr. Severino will receive compensation in the form of an annual cash retainer and an annual stock option grant, in accordance with the company's established director compensation policies. Investors should note that the full press release detailing this announcement was previously filed.
Key Highlights
- 1Amendment to a prior 8-K filing from November 28, 2005.
- 2Appointment of Mr. Severino to the Compensation Committee of the Board of Directors, effective December 6, 2005.
- 3Mr. Severino was previously elected to the Board of Directors effective November 22, 2005.
- 4Mr. Severino's compensation for Board and Committee service will include an annual cash retainer.
- 5Mr. Severino will also receive an annual stock option grant as part of his compensation.
- 6Compensation follows the company's standard director compensation policy.
- 7Details of the announcement were previously released via press release filed as an exhibit.