8-KLeadership ChangesExhibits & Filings

COMCAST CORP 8-K Report, Executive Changes (Mar 15, 2023)

Filed March 15, 2023For Securities:CMCSACCZ

Summary

Comcast Corporation (CMCSA) announced a significant addition to its Board of Directors with the appointment of Thomas J. Baltimore, Jr., effective March 15, 2023. Mr. Baltimore brings a wealth of experience in the hospitality and real estate sectors, currently serving as Chairman, President, and CEO of Park Hotels & Resorts, Inc. His extensive background includes leadership roles at RLJ Lodging Trust and RLJ Development, LLC, as well as prior management positions at major hospitality companies like Hilton and Marriott. This appointment is aimed at enhancing the board's expertise and strategic oversight.

Key Highlights

  • 1Thomas J. Baltimore, Jr. appointed as a new director to Comcast's Board, effective immediately.
  • 2Mr. Baltimore is recognized as independent according to Nasdaq rules and Comcast's governance guidelines.
  • 3He currently holds the position of Chairman, President, and CEO of Park Hotels & Resorts, Inc.
  • 4Mr. Baltimore possesses extensive experience in the lodging and real estate investment trust (REIT) industries.
  • 5He has previously served on the boards of Prudential Financial, Inc. (for nearly 15 years) and currently serves on the board of American Express Company.
  • 6Mr. Baltimore has not yet been assigned to any specific Board committees.
  • 7Compensation for Mr. Baltimore will follow the Company's 2002 Non-Employee Director Compensation Plan.

Frequently Asked Questions

Thomas J. Baltimore, Jr. is a seasoned executive with extensive experience in the hospitality and real estate sectors, currently serving as Chairman, President, and CEO of Park Hotels & Resorts, Inc. His appointment to Comcast's Board of Directors is intended to bring his diverse leadership and industry expertise to the company's strategic oversight.

Yes, Comcast's Board of Directors has determined that Mr. Baltimore is independent in accordance with applicable Nasdaq rules and the Company’s corporate governance guidelines.

Mr. Baltimore will receive compensation in accordance with Comcast’s 2002 Non-Employee Director Compensation Plan, as detailed in the company's proxy statement filed on April 22, 2022. He has also entered into the standard director indemnification agreement.

Yes, Mr. Baltimore has significant board experience. He currently serves as a director of American Express Company and previously served as a director of Prudential Financial, Inc. for nearly 15 years.