8-KLeadership ChangesOther EventsExhibits & Filings

Motorola Solutions, Inc. 8-K Report, Executive Changes (Jan 18, 2022)

Filed January 18, 2022For Securities:MSI

Summary

Motorola Solutions, Inc. (MSI) announced a strategic expansion of its Board of Directors by increasing its size from seven to eight members and appointing Dr. Ayanna M. Howard, a recognized expert in artificial intelligence and robotics, as a director. This appointment, effective February 15, 2022, also includes Dr. Howard's membership on the Audit Committee. This move signifies the company's commitment to enhancing its board's expertise, particularly in areas critical to its future growth and innovation. Dr. Howard's background is expected to provide valuable insights as the company continues to develop and deploy advanced technology solutions. Additionally, this filing notes a committee change, with Mr. Gregory K. Mondre stepping down from the Audit Committee to continue his role on the Governance and Nominating Committee.

Key Highlights

  • 1Board of Directors size increased from seven to eight members.
  • 2Dr. Ayanna M. Howard appointed as a new director, effective February 15, 2022.
  • 3Dr. Howard will also serve as a member of the Audit Committee.
  • 4Dr. Howard's appointment is intended to bolster the board's expertise, likely in technology and innovation.
  • 5Mr. Gregory K. Mondre will transition from the Audit Committee to focus on the Governance and Nominating Committee.
  • 6Dr. Howard will receive standard compensation for non-employee directors, consisting of prorated deferred stock units.

Frequently Asked Questions

Dr. Ayanna M. Howard is a distinguished figure in artificial intelligence and robotics, serving as an independent director and Associate Provost for Artificial Intelligence Initiatives at The Ohio State University. Her appointment is aimed at strengthening the Board's expertise, particularly in technology and innovation, which are crucial for Motorola Solutions' future strategy.

Dr. Howard's extensive experience in AI and robotics is expected to bring valuable strategic insights to the Board, especially concerning the company's technological advancements and product development. Her role on the Audit Committee will also contribute to financial oversight with a potentially technology-focused perspective.

Dr. Howard will receive compensation consistent with other non-employee directors. This includes prorated grants of deferred stock units, valued based on the company's stock price at the time her directorship becomes effective, reflecting a commitment to aligning director incentives with shareholder value.

Yes, with Dr. Howard's appointment to the Audit Committee, Mr. Gregory K. Mondre will cease his membership on the Audit Committee. He will continue to serve as a member of the Governance and Nominating Committee.