01—Abstract
Summary
Summary of the 8-K filed January 12, 2024. Cited figures are marked; the original filing is the authoritative source.
TD SYNNEX Corporation (NYSE: SNX) filed a Form 8-K on January 12, 2024 to report two board changes and set the date for its 2024 Annual Meeting.
Directors Fred Breidenbach and Matthew Miau informed the Board on January 11, 2024 that they will retire when their current terms expire, effective at the 2024 Annual Meeting of Stockholders. Neither has any disagreements with the Company. To replace them, the Board has nominated Ting Herh, an independent director, for election.
The company says this will bring the Board to 11 members following the retirements and the shareholder meeting. Herh, 68, is founder and chairman of Davicom Semiconductor, Inc., and has more than 40 years of technology industry experience. His nomination will be included in the Proxy Statement for the 2024 Annual Meeting.
The company set January 22, 2024 as the record date for stockholders entitled to notice of and to vote at the meeting. The meeting will be held March 20, 2024 at 10:00 a.m.
Pacific Time in Fremont, California, at the company's co-headquarters at 44201 Nobel Drive. The filing's exhibit is a press release dated January 12, 2024 announcing the board retirements and Herh's nomination.
02—Key points
Key Highlights
- Directors Fred Breidenbach and Matthew Miau will retire from the Board when their current terms expire, effective at the 2024 Annual Meeting of Stockholders.
- Matthew Miau, the Board's longest-tenured director, joined in 1992 and served as Board Chair from 1992 to 2008; Fred Breidenbach has served on the Board since 2003.
- The Board has nominated independent director Ting Herh for election, and the Board would be 11 members after the retirements and the shareholder meeting.
- Ting Herh, 68, is founder and chairman of Davicom Semiconductor, Inc. and brings more than 40 years of technology industry experience.
- Stockholders of record as of January 22, 2024 are entitled to notice of and to vote at the 2024 Annual Meeting.
- The 2024 Annual Meeting is scheduled for March 20, 2024, at 10:00 a.m. Pacific Time in Fremont, California.
- Herh's nomination will be included in the Proxy Statement issued ahead of the 2024 Annual Meeting.
03—Questions
Frequently Asked Questions
Why are Fred Breidenbach and Matthew Miau leaving the Board?
The filing states that they informed the Board on January 11, 2024 that they will retire when their current terms expire, effective at the 2024 Annual Meeting. The filing states that neither has any disagreements with the Company.
Who is replacing them on the Board?
The Board has nominated Ting Herh, an independent director, for election at the 2024 Annual Meeting. The press release says he will join Kathy Crusco and Claude Pumilia as the newest independent members of the Board.
What is Ting Herh's background?
Herh, 68, has been Founder & Chairman of Davicom Semiconductor, Inc. since 1996. The release says he has more than 40 years of experience in the technology industry and has served as an independent director of United Integrated Services Co. since 2015 and of Mitac Holdings Corp. since May 2022.
When and where is the 2024 Annual Meeting of Stockholders?
The meeting will be held on March 20, 2024, beginning at 10:00 a.m. Pacific Time, at the Company's co-headquarters at 44201 Nobel Drive in Fremont, California. The record date for stockholders entitled to vote is January 22, 2024.
What does the filing say about the Board's size after these changes?
The press release states that Herh's election will bring the Board composition to 11 members, following the planned retirements and the shareholder meeting.
04—Continue