Summary
Amazon.com, Inc. (AMZN) filed an 8-K on March 17, 2017, reporting a significant change in its Board of Directors. William B. Gordon resigned from his position as a director, effective March 14, 2017. This departure is notable because it is not a complete separation from the company. Instead, Mr. Gordon has entered into a two-year consulting agreement with Amazon.
Key Highlights
- 1William B. Gordon resigned as a director of Amazon.com, Inc. on March 14, 2017.
- 2Mr. Gordon will provide consulting services to the Company for two years following his resignation.
- 3As part of the consulting arrangement, Mr. Gordon will serve as a non-voting Board observer.
- 4Mr. Gordon was granted a restricted stock unit (RSU) award for 3,100 shares.
- 5The RSU award is subject to a two-year vesting period.