Summary
Becton, Dickinson and Company (BDX) announced a change to its Board of Directors, appointing Gregory J. Hayes as a new director effective March 26, 2025. This appointment also led to an expansion of the Board from eleven to twelve members. Mr. Hayes, deemed independent under NYSE and BD's governance rules, will bring his expertise to both the Audit Committee and the Compensation and Human Capital Committee. This move signifies a strengthening of the Board's oversight and strategic guidance capabilities. In conjunction with his appointment, Mr. Hayes will receive restricted stock units valued at $180,836. This compensation is structured as a prorated grant, reflecting his service from the election date until the 2026 Annual Meeting of Shareholders. Investors can anticipate further details on director compensation within BD's 2025 Annual Meeting proxy statement. The addition of Mr. Hayes is likely aimed at leveraging his experience to support BD's ongoing business objectives and corporate governance practices.
Key Highlights
- 1Gregory J. Hayes appointed as a new Director to the Board, effective March 26, 2025.
- 2Board size increased from eleven to twelve members.
- 3Mr. Hayes will serve on both the Audit Committee and the Compensation and Human Capital Committee.
- 4Mr. Hayes has been determined to be independent under NYSE rules and BD's corporate governance guidelines.
- 5New director will receive restricted stock units valued at $180,836 as prorated compensation.
- 6Compensation details for non-management directors will be available in the 2025 Annual Meeting proxy statement.