Summary
Danaher Corporation (DHR) announced on July 12, 2016, an expansion of its Board of Directors from ten to eleven members. Robert J. Hugin has been appointed to fill this new vacancy, with his term set to expire at the 2017 annual shareholder meeting. Mr. Hugin has also been appointed to the Compensation Committee of the Board. This board expansion and appointment are key governance updates for Danaher. As a non-employee director, Mr. Hugin will receive standard compensation for outside directors, consistent with the company's existing compensation structure. His appointment does not appear to be tied to any specific undisclosed arrangements, and there are no disclosed transactions requiring further disclosure under SEC regulations.
Key Highlights
- 1Danaher Corporation expanded its Board of Directors from 10 to 11 members.
- 2Robert J. Hugin was appointed as a new director to fill the vacant position.
- 3Mr. Hugin's appointment is effective with a term expiring at the 2017 annual meeting of shareholders.
- 4Mr. Hugin has been appointed to the Compensation Committee of the Board.
- 5As a non-employee director, Mr. Hugin will receive standard compensation as previously disclosed.
- 6There are no undisclosed arrangements or understandings concerning Mr. Hugin's selection.
- 7No transactions requiring disclosure under Item 404(a) of Regulation S-K were identified for Mr. Hugin.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce the expansion of Danaher Corporation's Board of Directors and the appointment of a new director, Robert J. Hugin.
Robert J. Hugin has been appointed as a new director to Danaher's Board and will serve on the Compensation Committee. As a non-employee director, he will receive the standard compensation provided to other outside directors, as previously disclosed in the company's filings.
According to the filing, there are no special arrangements or understandings between Mr. Hugin and any other person regarding his selection, nor are there any transactions in which Mr. Hugin has an interest that require disclosure under SEC regulations (Item 404(a) of Regulation S-K).