Summary
This Form 8-K filing from CVS Caremark Corporation, dated November 7, 2007, primarily reports on significant changes in the Board of Directors and corporate governance. The key event is the immediate retirement of E. Mac Crawford as Chairman of the Board and his subsequent resignation from the Board. This transition led to the unanimous designation of Thomas M. Ryan as the new Chairman of the Board, effective immediately.
Key Highlights
- 1E. Mac Crawford has retired as Chairman of the Board of Directors and resigned from the Board, effective immediately.
- 2Thomas M. Ryan has been unanimously appointed as the new Chairman of the Board, effective November 7, 2007.
- 3The Company's by-laws have been amended to reflect the changes in the Board composition and to reinstate a provision allowing the Chairman of the Board to be an executive officer.
- 4Terrence Murray has been appointed as lead director by the Board of Directors.
- 5The filing includes exhibits such as the Amended and Restated By-laws and a press release announcing these changes.