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.
Frequently Asked Questions
The provided 8-K filing does not detail Harish Manwani's specific background or qualifications, only his appointment to the Board of Directors. Investors may wish to consult the company's proxy statements or press releases for more information on his experience.
Mr. Manwani will be compensated under Qualcomm's standard director compensation program for non-employee directors. This includes a pro rata grant of 1,899 deferred stock units (DSUs) as of his appointment date.
The filing states that the Board of Directors has not yet determined whether to name Mr. Manwani to any of its committees. This decision is expected to be made in the near future.