Summary
This 8-K filing from QUALCOMM INC/DE (QCOM) on December 15, 2014, primarily details a planned leadership transition within the Board of Directors. Sir Donald Cruickshank, a current director, has indicated his intention to step down from the Board following the 2016 Annual Meeting of Stockholders. This decision comes after approximately ten years of service.
Key Highlights
- 1Sir Donald Cruickshank, a Board member, has notified the company of his intention not to stand for re-election in 2016.
- 2His departure is scheduled to be effective as of the Company's 2016 Annual Meeting of Stockholders.
- 3This decision is contingent upon his re-election to the Board at the 2015 Annual Meeting of Stockholders.
- 4Sir Donald Cruickshank will have completed approximately ten years of service on the Board by the time of his departure.
- 5The filing does not indicate any immediate concerns or performance issues related to Sir Donald Cruickshank's tenure or departure.