Summary
This 8-K/A filing from Micron Technology Inc. (MU) serves as an amendment to a previous report concerning the appointment of Ronald C. Foster as Chief Financial Officer (CFO). The key update is the disclosure of the Severance Agreement entered into between Mr. Foster and the company on April 9, 2008. While the appointment itself was previously reported, this amendment provides critical details regarding the terms of Mr. Foster's potential separation from the company.
Key Highlights
- 1Filing is an amendment to a previous 8-K report regarding the appointment of Ronald C. Foster as CFO.
- 2Details the execution of a Severance Agreement between Ronald C. Foster and Micron Technology, Inc.
- 3The Severance Agreement was dated April 9, 2008.
- 4The agreement is filed as an exhibit (Exhibit 10.50) to this report.
- 5This filing primarily provides transparency on the executive's employment terms, specifically concerning potential severance.
- 6No other significant operational or financial information is presented in this filing.
Frequently Asked Questions
The primary purpose of this amended filing is to provide investors with details of the Severance Agreement entered into between Micron Technology and its newly appointed Chief Financial Officer, Ronald C. Foster.
Yes, Ronald C. Foster's appointment as Chief Financial Officer and Vice President of Finance was reported in a previous 8-K filing by Micron Technology on March 26, 2008.
The filing itself does not disclose the specific terms of the Severance Agreement. It only states that such an agreement was entered into and filed as an exhibit for review.
No, this filing is purely an amendment to disclose an executive severance agreement. It does not contain any updated financial statements or operational performance information.