Who is Amy E. Miles and what is her relevant experience?

Amy E. Miles is the former Chair of the Board and Chief Executive Officer of Regal Entertainment Group, Inc. She also served as CEO of Regal Cinemas, Inc. and held financial leadership roles such as Executive Vice President, Chief Financial Officer, and Treasurer at Regal. Her prior experience includes roles at major accounting firms Deloitte & Touche, LLP and PricewaterhouseCoopers LLP. She is also a director for Norfolk Southern Corporation and Gap Inc.

What committees will Ms. Miles serve on?

Ms. Miles has been appointed as a member of Amgen's Board of Directors' Audit Committee and Governance and Nominating Committee.

How will Ms. Miles be compensated as a director?

Ms. Miles will receive standard director compensation. This includes a pro-rated annual retainer of $100,000 through December 31, 2020, and $2,000 per committee meeting attended (or $1,000 for telephonic attendance). She will also receive a pro-rated grant of restricted stock units valued at $200,000 on the grant date, and reimbursement for expenses incurred related to board and committee activities.

Does Ms. Miles have any conflicts of interest or related-party transactions with Amgen?

The filing states that there are no transactions between Ms. Miles (or her immediate family) and Amgen (or its subsidiaries), nor any undisclosed arrangements under which she was appointed as a director, indicating no conflicts of interest or related-party transactions.

AMGN 8-K: Leadership Changes

Summary

Amgen Inc. announced a significant addition to its Board of Directors with the appointment of Amy E. Miles, effective July 23, 2020. Ms. Miles brings a wealth of experience to Amgen, having previously served as Chair and Chief Executive Officer of Regal Entertainment Group. Her extensive background in finance, including roles as CFO and Treasurer at Regal, coupled with her current directorships at Norfolk Southern Corporation and Gap Inc., suggests a strong understanding of corporate governance and financial strategy. This appointment is noteworthy as it increases the Board's expertise, particularly in financial oversight, given Ms. Miles's addition to the Audit Committee and Governance and Nominating Committee. The filing also details her compensation, which aligns with the company's standard director compensation package, including a pro-rated annual retainer and equity grant, as well as reimbursement for expenses. Importantly, there are no disclosed related-party transactions or arrangements influencing her appointment, reinforcing the company's commitment to independent board oversight.

Key Highlights

1Amy E. Miles appointed as a new director to the Board, effective July 23, 2020.
2Ms. Miles has extensive prior executive experience, including CEO and Chair roles at Regal Entertainment Group.
3Ms. Miles possesses significant financial expertise, having served as CFO and Treasurer for Regal.
4She will serve on the Board's Audit Committee and Governance and Nominating Committee.
5Her appointment brings the total number of directors to 12, with 11 being independent.
6Ms. Miles will receive standard director compensation, including a pro-rated retainer and restricted stock units.
7No related-party transactions or arrangements were disclosed in connection with her appointment.

AMGEN INC 8-K Report, Executive Changes (Jul 23, 2020)

Summary

Key Highlights

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