Summary
Lumentum Holdings Inc. (LITE) announced on June 8, 2021, the appointment of Isaac H. Harris to its Board of Directors, effective June 2, 2021. Mr. Harris will serve an initial term through the upcoming 2021 annual meeting and is expected to be nominated for election at that meeting. This appointment is a standard corporate governance update. Investors should note that Mr. Harris's compensation will align with the company's existing Outside Director Compensation Policy, and he will enter into the standard indemnification agreement. There are no disclosed conflicts of interest or undisclosed material transactions associated with his appointment, indicating a straightforward addition to the board.
Key Highlights
- 1Isaac H. Harris appointed to Lumentum's Board of Directors, effective June 2, 2021.
- 2Mr. Harris's term will expire at the 2021 annual meeting, with an expectation of nomination for election.
- 3Compensation for Mr. Harris will follow the established Outside Director Compensation Policy.
- 4Mr. Harris will sign the company's standard form of indemnification agreement.
- 5No undisclosed arrangements, understandings, or family relationships were noted regarding his appointment.
- 6Mr. Harris has no direct or indirect material interest in any transactions requiring disclosure under Item 404(a) of Regulation S-K.