Summary
This 8-K/A filing from Amazon.com Inc. (AMZN) serves as an amendment and provides updated details regarding the compensation of its Chief Financial Officer, Brian T. Olsavsky. The filing confirms the previously announced appointment of Mr. Olsavsky as CFO, effective June 1, 2015. This amendment specifically details a restricted stock unit (RSU) award granted to Mr. Olsavsky on June 10, 2015, as part of his compensation package in this new role. Investors should note that the RSU award is for 17,773 shares of common stock and is subject to vesting conditions, commencing in May 2016, contingent upon his continued employment with the company. This information is important for understanding executive compensation and potential future share dilution, although the primary appointment details were initially disclosed in a prior 8-K filing.
Key Highlights
- 1Amendment to a previous 8-K filing regarding executive officer appointments and compensation.
- 2Confirms Brian T. Olsavsky's appointment as Chief Financial Officer (CFO) effective June 1, 2015.
- 3Details a restricted stock unit (RSU) award granted to CFO Brian T. Olsavsky on June 10, 2015.
- 4The RSU award is for 17,773 shares of Amazon.com, Inc. common stock.
- 5Vesting of the RSU award begins in May 2016.
- 6Vesting is contingent upon Mr. Olsavsky's continued employment with the company.
- 7The award was granted under the Company's 1997 Stock Incentive Plan.