Summary
Automatic Data Processing, Inc. (ADP) filed an 8-K on February 10, 2009, to announce a significant change in its Board of Directors. The company elected Linda R. Gooden to its Board. Ms. Gooden brings substantial experience from her executive role at Lockheed Martin Information Systems & Global Services, where she has been since 1980 and currently serves as Executive Vice President. This appointment increases the size of ADP's Board of Directors to 13 members. Investors can view this as a move to enhance the board's expertise, particularly in areas related to information systems and global services, which are highly relevant to ADP's business operations. The addition of a director with Ms. Gooden's background suggests a strategic focus on strengthening governance and potentially guiding the company through evolving market conditions.
Key Highlights
- 1Linda R. Gooden elected to ADP's Board of Directors, effective February 10, 2009.
- 2Ms. Gooden is currently an Executive Vice President at Lockheed Martin Information Systems & Global Services.
- 3Ms. Gooden possesses extensive experience with Lockheed Martin, having joined in 1980.
- 4The election of Ms. Gooden increases the total number of directors on ADP's Board to 13.
- 5The filing falls under Item 5.02, pertaining to the departure or election of directors and certain officers.
- 6This announcement is made on February 10, 2009, with the event date also being February 10, 2009.