Summary
Analog Devices Inc. (ADI) filed an 8-K report on December 13, 2019, detailing key changes in its Board of Directors and executive leadership. Two long-standing directors, Lisa Su and Neil Novich, have decided not to stand for re-election at the upcoming 2020 annual shareholder meeting. Both directors will continue their service until their terms expire, and their decisions are not attributed to any disagreements with the company. These departures will lead to a transition in board composition, with investors likely to monitor any new appointments and the impact on committee memberships.
Key Highlights
- 1Directors Lisa Su and Neil Novich will not seek re-election at the 2020 annual meeting.
- 2Both directors will continue to serve until their terms expire in 2020.
- 3The decisions of Dr. Su and Mr. Novich not to stand for re-election are not based on any disagreements with the Company.
- 4John Hassett's role has been formalized as Senior Vice President, Industrial and Consumer, a position he held on an interim basis.
- 5Steve Lattari has been appointed as Senior Vice President, Global Operations and Technology, effective December 13, 2019.
- 6The filing includes various XBRL exhibits related to financial data reporting.