Summary
Amphenol Corporation filed an 8-K report on July 21, 2015, to announce significant changes in its executive leadership and board composition. The report details the retirement of Diana G. Reardon as Chief Financial Officer (CFO), effective July 21, 2015. Ms. Reardon will transition to a role as Senior Advisor and has also been appointed to a newly created position on the Board of Directors, making her an employee director. Concurrently, Craig A. Lampo was appointed as the new CFO, effective the same date. Mr. Lampo, who has over a decade of experience within Amphenol as Vice President and Corporate Controller, will see an increase in his base salary to $400,000 and a higher incentive plan multiplier. The company also announced an increase in the size of its Board of Directors from nine to ten members to accommodate Ms. Reardon's appointment.
Key Highlights
- 1Diana G. Reardon retires as Chief Financial Officer (CFO) effective July 21, 2015.
- 2Craig A. Lampo appointed as the new CFO, effective July 21, 2015.
- 3Diana G. Reardon appointed to the Board of Directors as an employee director.
- 4Board of Directors size increased from nine to ten members.
- 5Mr. Lampo's base annual salary increased to $400,000 and Management Incentive Plan multiplier increased to 45%.
- 6Ms. Reardon's annual compensation reduced from $670,000 to $335,000 in her new role and as a director.
- 7No reportable family relationships or disclosable transactions (Item 404(a)) between new appointees and existing officers/directors.