Summary
Danaher Corporation (DHR) announced on June 28, 2022, a change to its Board of Directors. The size of the Board has been increased from thirteen to fourteen members with the appointment of Feroz Dewan. Mr. Dewan's term will extend until the 2023 annual meeting of shareholders, and he has been assigned to the Science & Technology Committee. As a non-employee director, Mr. Dewan will be compensated in line with other independent directors, including an annual equity award, as previously disclosed in their Form 10-K. He has also entered into a standard director indemnification agreement. The company has confirmed that Mr. Dewan meets the independence requirements of the New York Stock Exchange, and there are no undisclosed related-party transactions or understandings influencing his appointment.
Key Highlights
- 1Danaher's Board of Directors size increased from 13 to 14 members.
- 2Feroz Dewan appointed as a new independent director.
- 3Mr. Dewan will serve until the 2023 annual shareholders meeting.
- 4Appointed to the Science & Technology Committee of the Board.
- 5Compensation for Mr. Dewan as a non-employee director will be in line with existing policies, including an annual equity award.
- 6Mr. Dewan has entered into a director indemnification agreement.
- 7The company has confirmed Mr. Dewan's independence per NYSE listing standards.