Summary
This 8-K filing from Howmet Aerospace Inc. announces a change to its Board of Directors. Effective April 1, 2021, the Board size will increase from ten to eleven members with the appointment of Sharon R. Barner. Ms. Barner will also serve on the company's Governance and Nominating Committee. This appointment signifies a strengthening of the Board's oversight and expertise as the company navigates its operational landscape. Investors should note that Ms. Barner's compensation will follow the standard program for non-employee directors, and she will receive an indemnification agreement, consistent with other directors. The filing also incorporates by reference a press release detailing this appointment.
Key Highlights
- 1Howmet Aerospace Inc. appointed Sharon R. Barner as a new director, effective April 1, 2021.
- 2The size of the Board of Directors will increase from ten to eleven members.
- 3Ms. Barner will serve on the company's Governance and Nominating Committee.
- 4Director compensation for Ms. Barner will adhere to the established non-employee director compensation program.
- 5An indemnification agreement will be entered into with Ms. Barner, consistent with other directors.
- 6The press release announcing this appointment is attached as an exhibit.