Summary
The Boeing Company (BA) filed an 8-K report on October 4, 2011, detailing changes to its Board of Directors and corporate governance. A key announcement is the election of Lawrence W. Kellner, President of Emerald Creek Group LLC, as a new director. Mr. Kellner has been appointed to the Audit Committee and the Finance Committee, bringing additional expertise to these crucial oversight functions. Furthermore, the company's Board of Directors adopted an amendment to its By-Laws, increasing the authorized number of directors from eleven to twelve. This move suggests a potential expansion of the board's capacity and strategic oversight. Investors should note that Mr. Kellner will participate in the standard non-employee director compensation program.
Key Highlights
- 1Lawrence W. Kellner elected as a new Director to the Board.
- 2Mr. Kellner appointed to the Audit Committee.
- 3Mr. Kellner appointed to the Finance Committee.
- 4Number of directors increased from eleven to twelve via amendment to By-Laws.
- 5Director Kellner will participate in the company's non-employee director compensation program.