8-KLeadership Changes

AMAZON COM INC 8-K Report, Executive Changes (Sep 8, 2011)

Filed September 8, 2011For Securities:AMZN

Summary

This 8-K filing from Amazon.com, Inc., dated September 8, 2011, primarily announces the appointment of a new director, Blake G. Krikorian. Mr. Krikorian, the founder of id8 Group Holdings, a technology consulting and incubation firm, was elected to the Board of Directors. This appointment suggests a continued focus on strategic direction and potentially new technology initiatives within the company. In connection with his election, Mr. Krikorian received a restricted stock unit award for 3,600 shares of common stock, which will vest over three years, aligning his interests with long-term shareholder value. He has also entered into the standard indemnification agreement provided to other directors. Investors should view this as a routine governance update that adds an experienced individual to the board.

Key Highlights

  • 1Amazon.com, Inc. appointed Blake G. Krikorian as a new director to its Board of Directors.
  • 2Mr. Krikorian is the founder of id8 Group Holdings, a technology consulting and incubation firm, bringing relevant expertise to the board.
  • 3The appointment is effective as of September 8, 2011.
  • 4Mr. Krikorian was granted a restricted stock unit award for 3,600 shares of common stock.
  • 5The restricted stock units will vest in three equal annual installments over three years, contingent on continued service.
  • 6Mr. Krikorian has entered into an indemnification agreement with the company, standard for its directors.

Frequently Asked Questions

Blake G. Krikorian is the founder of id8 Group Holdings, a technology consulting and incubation firm. His appointment to the Amazon Board of Directors likely signifies a desire to leverage his expertise in technology and innovation for strategic guidance.

Mr. Krikorian received an award of 3,600 restricted stock units (RSUs) for Amazon's common stock. These RSUs are subject to a three-year vesting schedule, with one-third vesting each year, provided he continues to serve as a director.

No, this 8-K filing is primarily focused on the appointment of a new director and the associated stock award and indemnification agreement. It does not disclose significant financial changes, operational updates, or other material business events beyond this governance matter.