Summary
AT&T Inc. (T) announced a change to its Board of Directors via an 8-K filing on June 26, 2015. The size of the Board was increased from 12 to 13 members, and Richard W. Fisher was elected as a new Director. This expansion and appointment are key governance updates for the company.
Key Highlights
- 1Board size increased from 12 to 13 members.
- 2Richard W. Fisher elected as a new Director.
- 3Mr. Fisher appointed to the Corporate Development and Finance Committee.
- 4The Board has determined that Mr. Fisher is independent.
- 5Director compensation follows standard non-employee Director arrangements as detailed in the 2015 Proxy Statement.
Frequently Asked Questions
Richard W. Fisher has been elected as a new Director to AT&T's Board and appointed to the Corporate Development and Finance Committee. He will serve as a non-employee Director.
The Board size was increased to accommodate the election of the new Director, Richard W. Fisher.
Yes, the Board has determined that Mr. Fisher meets the independence standards of both the New York Stock Exchange and AT&T's own additional standards.
Mr. Fisher will be compensated for his services as a non-employee Director according to the compensation structure outlined in AT&T's 2015 Proxy Statement.