Summary
This 8-K filing from Stryker Corporation reports the unfortunate passing of Dr. Jerome H. Grossman, a long-standing member of the Board of Directors since 1982. Dr. Grossman was 68 years old and his death occurred on April 1, 2008. His passing has led to a reduction in the size of the Board of Directors from eight to seven members. Investors should note that Dr. Grossman was a nominee for re-election at the upcoming 2008 Annual Meeting of Shareholders scheduled for April 23, 2008. With his passing, the Board will now present only seven nominees for election, reflecting the reduced board size. This event does not appear to involve any direct financial implications or changes in operational strategy, but rather a governance adjustment due to the loss of a director.
Key Highlights
- 1Stryker Corporation (SYK) reported the death of Board Director Dr. Jerome H. Grossman on April 1, 2008.
- 2Dr. Grossman had served on the Board of Directors since 1982.
- 3Dr. Grossman was 68 years old at the time of his passing.
- 4The Board of Directors has been reduced in size from eight to seven members.
- 5The company will now present seven nominees for election to the Board at the 2008 Annual Meeting of Shareholders.
- 6Dr. Grossman was a nominee for re-election at the upcoming Annual Meeting.