Summary
Mastercard Incorporated has filed a Form 8-K to announce a key board appointment. On September 9, 2008, the Board of Directors elected Jackson P. Tai as a Class M director. Mr. Tai brings significant experience, having previously served as Vice Chairman and Chief Executive Officer of DBS Group and DBS Bank Ltd. His appointment is noteworthy as it signifies a strengthening of the board with international financial sector expertise.
Key Highlights
- 1Mastercard appointed Jackson P. Tai to its Board of Directors as a Class M director.
- 2Mr. Tai's experience includes former roles as Vice Chairman and CEO of DBS Group and DBS Bank Ltd.
- 3This appointment is effective as of September 9, 2008.
- 4Mr. Tai has not yet been assigned to any board committees.
- 5As part of his directorship, Mr. Tai received 350 deferred stock units, which are scheduled to settle on September 9, 2012.
- 6The deferred stock unit award is based on the Company's Non-Employee Director Equity Compensation Plan and is pro-rated for his partial term.