Summary
Lumentum Holdings Inc. (LITE) filed an 8-K on November 8, 2017, to announce a key change in its Board of Directors. Effective November 6, 2017, Julie Johnson was appointed as a new member of the Board. Ms. Johnson's appointment is effective immediately and she will serve until the 2018 annual meeting of stockholders or until her successor is elected and qualified. This appointment brings new expertise to the board, and investors can refer to the attached press release (Exhibit 99.1) for further details. Ms. Johnson will receive compensation in line with the Company's existing Outside Director Compensation Policy, which includes both cash and equity components. Her appointment is a standard governance update, with no undisclosed arrangements or material interests that would require further disclosure under SEC regulations.
Key Highlights
- 1Julie Johnson appointed to Lumentum's Board of Directors, effective November 6, 2017.
- 2Ms. Johnson's term will expire at the 2018 annual meeting of stockholders.
- 3Compensation for Ms. Johnson will follow the Company's standard Outside Director Compensation Policy.
- 4The appointment is accompanied by a press release, filed as Exhibit 99.1.
- 5No undisclosed arrangements or material interests were reported regarding Ms. Johnson's appointment.
- 6This filing signifies a standard corporate governance update for Lumentum.