Summary
This 8-K filing from Mastercard Inc. reports a change in its Board of Directors. Specifically, it announces the departure of director Manoel Luiz Ferrão de Amorim, effective March 26, 2007. Mr. Amorim resigned to accept a new full-time role as President and Chief Executive Officer of Globex Utilidades S.A. His departure is noted as being due to the fact that his new position prevents him from meeting the director qualification requirements stipulated in the Company’s Amended and Restated Certificate of Incorporation.
Key Highlights
- 1Director Manoel Luiz Ferrão de Amorim has resigned from the Board of Directors.
- 2Mr. Amorim's resignation was effective March 26, 2007.
- 3The reason for resignation is to assume the role of President and CEO at Globex Utilidades S.A.
- 4Mr. Amorim's new position conflicts with Mastercard's director qualification requirements.
- 5The filing is dated March 30, 2007, with the event date of earliest report being March 28, 2007.