8-KLeadership ChangesExhibits & Filings

MICRON TECHNOLOGY INC 8-K Report, Executive Changes (Sep 29, 2006)

Filed September 29, 2006For Securities:MU

Summary

This 8-K filing from Micron Technology Inc. (MU) reports the upcoming retirement of two long-standing members of its Board of Directors: Robert A. Lothrop and William P. Weber. Both directors intend to step down at the close of the Company's Annual Meeting of Shareholders scheduled for December 5, 2006. Mr. Lothrop has served on the Audit Committee and the Governance and Compensation Committee. Mr. Weber has notably served as the Chairman of the Governance and Compensation Committee. While the departure of experienced board members can be a point of attention for investors, the filing indicates these retirements are planned and will occur at a future date, allowing for a transition period. The company has attached a press release detailing these resignations.

Key Highlights

  • 1Two directors, Robert A. Lothrop and William P. Weber, have announced their intention to retire.
  • 2Their retirements are scheduled to take place at the Company's Annual Meeting of Shareholders on December 5, 2006.
  • 3Mr. Lothrop served on the Audit Committee and the Governance and Compensation Committee.
  • 4Mr. Weber was the Chairman of the Governance and Compensation Committee.
  • 5The company has filed a press release as Exhibit 99.1 detailing these director retirements.
  • 6The filing date for this 8-K is September 28, 2006, with the earliest event reported on September 26, 2006.

Frequently Asked Questions

The filing states that both Mr. Lothrop and Mr. Weber have informed the Company of their intention to retire. While the exact reasons are not detailed in this 8-K, their retirements are scheduled for the upcoming Annual Meeting of Shareholders.

The retirements of both Robert A. Lothrop and William P. Weber will be effective at the close of Micron Technology, Inc.'s Annual Meeting of Shareholders, which is scheduled for December 5, 2006.

During fiscal 2006, Mr. Lothrop served on the Audit Committee and the Governance and Compensation Committee. Mr. Weber served as the Chairman of the Governance and Compensation Committee.

Yes, the company has attached a press release, dated September 29, 2006, as Exhibit 99.1 to this Form 8-K, which provides further details regarding the resignations of Mr. Lothrop and Mr. Weber.