01—Abstract
Summary
Summary of the 8-K filed March 1, 2024. Cited figures are marked; the original filing is the authoritative source.
Flutter Entertainment plc filed this Current Report on March 1, 2024 to disclose a change to its Board of Directors.
On February 29, 2024, director David Lazzarato informed the Company that he will not stand for re-election and will retire at the 2024 annual general meeting of shareholders, scheduled for May 1, 2024. The filing states that the decision was not due to any disagreement with the Company on matters relating to its operations, policies or practices. The same day, the Company released an announcement via the Regulatory News Service in London, furnished as Exhibit 99.1, regarding Board and committee membership changes.
The announcement was made to comply with the UK Financial Conduct Authority's Listing Rules. Chair John Bryant thanked Mr. Lazzarato for his contribution over the past eight years.
Effective at the conclusion of the May 1, 2024 annual meeting, Nancy Cruickshank will replace Mr. Lazzarato as Chair of the Risk and Sustainability Committee and as a member of the Audit Committee. Nancy Cruickshank will leave the Compensation and Human Resources Committee, to be replaced by Nancy Dubuc, who will also join the Risk and Sustainability Committee and leave the Nominating and Corporate Governance Committee.
02—Key points
Key Highlights
- David Lazzarato, a Flutter director, will not stand for re-election and will retire at the 2024 annual general meeting scheduled for May 1, 2024.
- The filing states Mr. Lazzarato's decision was not due to any disagreement with the Company on its operations, policies or practices.
- Nancy Cruickshank will become Chair of the Risk and Sustainability Committee and join the Audit Committee, succeeding Mr. Lazzarato, effective after the May 1, 2024 meeting.
- Nancy Cruickshank will leave the Compensation and Human Resources Committee, to be replaced by Nancy Dubuc.
- Nancy Dubuc will join the Risk and Sustainability Committee and leave the Nominating and Corporate Governance Committee.
- The announcement was made under UK Financial Conduct Authority Listing Rules, via the Regulatory News Service in London.
- Chair John Bryant thanked Mr. Lazzarato for his exceptional contribution over the past eight years.
03—Questions
Frequently Asked Questions
Why is David Lazzarato leaving Flutter's Board?
He informed the Company on February 29, 2024 that he will not seek re-election and will retire at the May 1, 2024 annual general meeting. The filing states the decision was not due to any disagreement with the Company on its operations, policies or practices.
When will the Board changes take effect?
The changes take effect at the conclusion of the annual general meeting on May 1, 2024.
Which committee roles are changing?
Nancy Cruickshank will take over as Chair of the Risk and Sustainability Committee and join the Audit Committee, replacing Mr. Lazzarato. She will leave the Compensation and Human Resources Committee, and Nancy Dubuc will replace her there. Nancy Dubuc will also join the Risk and Sustainability Committee and leave the Nominating and Corporate Governance Committee.
Why was this disclosed in a U.S. SEC filing?
The company released the announcement through the Regulatory News Service in London to comply with UK Financial Conduct Authority Listing Rules, and furnished it as Exhibit 99.1 under Regulation FD.
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