Summary
Qualcomm Inc. (QCOM) announced the appointment of Harish Manwani to its Board of Directors, effective May 4, 2014. Mr. Manwani will serve a term expiring at the next annual stockholder meeting. This appointment adds a new director to the board, and his compensation will align with the company's existing non-employee director compensation program, which includes a grant of deferred stock units (DSUs).
Key Highlights
- 1Harish Manwani appointed to Qualcomm's Board of Directors.
- 2Appointment is effective May 4, 2014.
- 3Mr. Manwani's term will expire at the next annual stockholder meeting.
- 4No existing arrangements or understandings influenced Mr. Manwani's selection.
- 5Mr. Manwani will receive standard compensation for non-employee directors.
- 6Received a pro rata grant of 1,899 deferred stock units (DSUs) on appointment.
- 7The Board has not yet assigned Mr. Manwani to any committees.