8-KLeadership ChangesExhibits & Filings

EIDP, Inc. 8-K Report, Executive Changes (Sep 3, 2013)

Filed September 3, 2013For Securities:CTA-PBCTA-PA

Summary

EIDP, Inc. (CTA-PB) announced a change in its Board of Directors through an 8-K filing on September 3, 2013. The key event is the election of Mr. Patrick J. Ward as a new director, effective October 23, 2013. Mr. Ward's appointment is a significant development for the company's governance structure. The filing indicates that he has not yet been assigned to any board committees, and his future committee assignments are yet to be determined. Investors should note that Mr. Ward's election was based on the recommendation of the Corporate Governance Committee. The company has stated there are no existing arrangements or understandings that led to his election, nor any reportable transactions requiring disclosure under Regulation S-K. Mr. Ward will receive compensation according to the standard director compensation plan previously outlined in the company's 2013 Annual Meeting Proxy Statement.

Key Highlights

  • 1EIDP, Inc. elected Mr. Patrick J. Ward as a new director, effective October 23, 2013.
  • 2Mr. Ward's election was recommended by the Corporate Governance Committee.
  • 3No specific board committee assignments have been made for Mr. Ward at this time.
  • 4There are no undisclosed arrangements or understandings concerning Mr. Ward's election.
  • 5Mr. Ward has no disclosed transactions requiring Regulation S-K Item 404(a) disclosure.
  • 6Mr. Ward will be compensated under the company's standard director compensation plan.
  • 7A press release announcing the election is attached as Exhibit 99.1.

Frequently Asked Questions

Patrick J. Ward has been elected as a new director to the EIDP, Inc. Board of Directors. The filing does not provide specific background information on Mr. Ward but states his election was based on the recommendation of the Corporate Governance Committee. His expertise and contributions to the board are not detailed in this filing.

Mr. Ward's election as a director is effective as of October 23, 2013.

As of the filing date, Mr. Ward has not been named to any committee of the Board of Directors. The company considers it premature to state which committees, if any, he may be assigned to in the future.

Mr. Ward will participate in the company's standard director compensation arrangements. These arrangements were previously detailed on pages 14 through 16 of EIDP, Inc.'s 2013 Annual Meeting Proxy Statement.