Summary
EIDP, Inc. (CTA-PB), formerly known as DuPont, announced the election of Lee M. Thomas as a new director, effective December 1, 2011. This appointment was made by the Board of Directors based on the recommendation of the Corporate Governance Committee. Mr. Thomas has no current committee assignments, and it remains to be seen which committees he may join in the future. Importantly, his election was not based on any pre-existing arrangements or understandings with other individuals, and there are no reportable transactions requiring disclosure under SEC regulations. Mr. Thomas will receive compensation in line with the company's standard director compensation policies.
Key Highlights
- 1EIDP, Inc. elected Lee M. Thomas as a new director, effective December 1, 2011.
- 2The election was recommended by the Corporate Governance Committee.
- 3Mr. Thomas is not currently assigned to any board committees.
- 4There are no known arrangements or understandings influencing Mr. Thomas's election.
- 5No related-party transactions requiring disclosure exist for Mr. Thomas.
- 6Mr. Thomas will be compensated according to the company's standard director compensation plan.
Frequently Asked Questions
Lee M. Thomas has been elected as a new director to the Board of Directors of EIDP, Inc. The election was based on the recommendation of the Corporate Governance Committee. The filing does not provide specific details about Mr. Thomas's background or the precise reasons for his election beyond the committee's recommendation.
At the time of this filing, Mr. Thomas has not been assigned to any committees of the Board of Directors. It is premature to determine which committees, if any, he may be appointed to in the future.
No. The filing explicitly states that there are no arrangements or understandings pursuant to which Mr. Thomas was elected, and there are no transactions in which he has an interest that require disclosure under Item 404(a) of Regulation S-K.
Mr. Thomas will participate in the standard director compensation arrangements that are detailed in EIDP, Inc.'s 2011 Annual Meeting Proxy Statement, filed on March 18, 2011.