Summary
Micron Technology Inc. (MU) filed an 8-K/A amendment on April 21, 2011, reporting a change to its corporate governance structure. Effective April 7, 2011, the company's Board of Directors amended its Bylaws to increase the authorized number of directors from seven to eight. This increase in board size was specifically to accommodate the appointment of Mr. Patrick J. Byrne to the Board of Directors. Investors should note that this filing primarily concerns procedural changes related to board composition rather than immediate financial performance or strategic shifts. The amended Bylaws are attached as an exhibit for further review.
Key Highlights
- 1Micron Technology Inc. (MU) amended its Bylaws on April 7, 2011.
- 2The authorized number of directors on the Board was increased from seven to eight.
- 3The increase was to accommodate the appointment of a new director, Mr. Patrick J. Byrne.
- 4This amendment is a procedural change to corporate governance.
- 5The amended Bylaws are filed as an exhibit (Exhibit 99.2).
Frequently Asked Questions
The main purpose of this filing is to report an amendment to Micron Technology Inc.'s Bylaws, which increased the size of its Board of Directors from seven to eight members to allow for the appointment of a new director.
The filing states that Mr. Patrick J. Byrne was appointed to the Board of Directors. However, this specific 8-K/A filing does not provide biographical details or the reasons for his appointment; it only notes that the board size was increased to accommodate him.
No, this filing primarily concerns a change in corporate governance related to the composition of the Board of Directors. It does not disclose information about the company's financial performance or strategic business direction.
The amended Bylaws are filed as Exhibit 99.2 to this Current Report on Form 8-K/A.