Summary
Liberty Media Corporation (FWONK) filed an 8-K on March 11, 2022, reporting a change in its Board of Directors. Effective April 4, 2022, David E. Rapley resigned from the Board and his committee roles as Chair of the Nominating and Corporate Governance Committee and member of the Compensation Committee. The company stated that Mr. Rapley's departure was not due to any dispute or disagreement. Following Mr. Rapley's resignation, the Board has made several appointments to fill these roles. Effective April 5, 2022, Larry Romrell will join the Compensation Committee and will step down from the Nominating and Corporate Governance Committee. Concurrently, Derek Chang will assume the position of Chair of the Nominating and Corporate Governance Committee. The company has confirmed that both Mr. Romrell and Mr. Chang meet the independence requirements for Nasdaq and SEC regulations.
Key Highlights
- 1David E. Rapley resigned from the Liberty Media Corporation Board of Directors, effective April 4, 2022.
- 2Mr. Rapley also stepped down from his roles as Chair of the Nominating and Corporate Governance Committee and a member of the Compensation Committee.
- 3The company stated Mr. Rapley's resignation was not a result of any dispute or disagreement.
- 4Larry Romrell will join the Compensation Committee, effective April 5, 2022.
- 5Larry Romrell will step down from the Nominating and Corporate Governance Committee.
- 6Derek Chang will assume the role of Chair of the Nominating and Corporate Governance Committee, effective April 5, 2022.
- 7Both Mr. Romrell and Mr. Chang have been determined to be independent directors under Nasdaq and SEC rules.