Why did Larry Johnston resign from the Home Depot Board?

Larry Johnston resigned from the Home Depot Board of Directors due to increasing demands on his time.

Were there any disagreements that led to his resignation?

No, the filing explicitly states that Mr. Johnston did not cite any disagreement on any matter relating to the Company’s operations, policies or practices.

When was Mr. Johnston's resignation effective?

Mr. Johnston's resignation was effective immediately as of December 13, 2007.

What type of corporate event does this 8-K filing represent?

This 8-K filing represents a change in the composition of the company's Board of Directors, specifically the departure of a director.

HD 8-K: Leadership Changes

Summary

This 8-K filing from Home Depot, Inc. (HD) on December 17, 2007, announces the immediate resignation of Larry Johnston from the Board of Directors, effective December 13, 2007. The stated reason for his departure is increasing time demands, with no indication of disagreement regarding the company's operations, policies, or practices. This event is a change in the board composition and may be of interest to investors monitoring corporate governance and board stability.

Key Highlights

1Larry Johnston has resigned from Home Depot's Board of Directors.
2The resignation is effective immediately as of December 13, 2007.
3The reason cited for the resignation is increased time demands on Mr. Johnston.
4There is no stated disagreement between Mr. Johnston and the company regarding operations, policies, or practices.
5This filing relates to Item 5.02 of Form 8-K, concerning director and officer changes.

HOME DEPOT, INC. 8-K Report, Executive Changes (Dec 17, 2007)

Summary

Key Highlights

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