Summary
This 8-K filing from Arthur J. Gallagher & Co. (AJG) announces a change in the composition of its Board of Directors. Effective November 17, 2014, the Board expanded from 8 to 9 members, with the appointment of D. John Coldman as a new director. Mr. Coldman will serve until the 2015 Annual Meeting of Stockholders and has also been appointed to the Audit Committee. His appointment is a standard director compensation arrangement and does not involve any disclosed related-party transactions or understandings for his selection. The company issued a press release on November 19, 2014, detailing this appointment.
Key Highlights
- 1Arthur J. Gallagher & Co. expanded its Board of Directors from 8 to 9 members.
- 2D. John Coldman was appointed as a new director to fill the vacancy.
- 3Mr. Coldman's term as director will extend until the 2015 Annual Meeting of Stockholders.
- 4Mr. Coldman has been appointed to serve on the Audit Committee of the Board.
- 5The appointment follows standard procedures, with compensation consistent with other non-employee directors.
- 6No related-party transactions requiring disclosure under Item 404(a) of Regulation S-K were identified for Mr. Coldman.
- 7A press release dated November 19, 2014, was issued to announce this board change.