8-K/ALeadership Changes

Mastercard Inc 8-K/A Report, Executive Changes (Apr 11, 2008)

Filed April 11, 2008For Securities:MA

Summary

This 8-K/A filing from Mastercard Inc. (MA) serves as an amendment to a previous report filed in January 2008. The amendment clarifies the committee assignments for two newly elected directors, José Octavio Reyes Lagunes and Silvio Barzi, who were appointed to the Board of Directors in January 2008. This filing confirms their roles on key board committees, providing more complete information for investors regarding the company's governance structure. Specifically, Mr. Reyes has been appointed to the Human Resources and Compensation Committee, while Mr. Barzi will serve on the Audit Committee. These appointments are effective immediately as of April 8, 2008. Investors should note that this amendment provides updated details on board composition and committee memberships, which are crucial for understanding executive oversight and strategic decision-making within the company.

Key Highlights

  • 1Mastercard Inc. (MA) filed an amendment (8-K/A) to its prior Form 8-K report.
  • 2The amendment provides additional information regarding committee appointments for newly elected directors.
  • 3José Octavio Reyes Lagunes was elected as a Class A director on January 22, 2008.
  • 4Silvio Barzi was elected as a Class M director on January 22, 2008.
  • 5Effective April 8, 2008, Mr. Reyes was appointed to the Human Resources and Compensation Committee.
  • 6Effective April 8, 2008, Mr. Barzi was appointed to the Audit Committee.
  • 7This filing enhances transparency regarding the composition of key board committees.

Frequently Asked Questions

This filing is an amendment to a previous Form 8-K. Its primary purpose is to provide updated and complete information regarding the committee assignments for two recently elected directors, José Octavio Reyes Lagunes and Silvio Barzi, which was not available at the time of the original filing.

The Human Resources and Compensation Committee has been strengthened with the appointment of Mr. José Octavio Reyes Lagunes, and the Audit Committee has been strengthened with the appointment of Mr. Silvio Barzi.

Both Mr. Reyes' appointment to the Human Resources and Compensation Committee and Mr. Barzi's appointment to the Audit Committee became effective immediately on April 8, 2008.

According to the filing, the information regarding the committee appointments 'was not determined or was unavailable at the time of the Original Report.' Amendments are used to provide such missing or subsequently determined information.