Summary
This 8-K filing from McKesson Corporation (MCK) announces the upcoming departure of a long-standing director, James V. Napier. Mr. Napier's resignation is effective as of the company's Annual Meeting of Stockholders on July 22, 2009, and is due to his attainment of the board retirement age specified in the company's Corporate Governance Guidelines. This departure is not a result of any disagreement, providing clarity for investors regarding the circumstances.
Key Highlights
- 1James V. Napier is resigning from McKesson Corporation's Board of Directors.
- 2The resignation is effective at the Annual Meeting of Stockholders on July 22, 2009.
- 3The reason for resignation is reaching the mandatory board retirement age.
- 4Mr. Napier has been a director since 1999, indicating a significant tenure.
- 5The resignation is confirmed to be voluntary and not due to any disagreements with the company.
Frequently Asked Questions
James V. Napier is resigning because he has reached the board retirement age as stipulated in McKesson Corporation's Corporate Governance Guidelines.
Mr. Napier's resignation will be effective at the commencement of McKesson Corporation's Annual Meeting of Stockholders, scheduled for July 22, 2009.
No, the filing explicitly states that Mr. Napier confirmed his resignation was not the result of any disagreement with the Company. It is a planned retirement based on company policy.
Mr. Napier has been a director of McKesson Corporation since 1999.