Summary
AT&T Inc. announced a change to its Board of Directors on July 26, 2019, with the election of Debra L. Lee as a new director. This action increases the size of the Board from 12 to 13 members and fills the newly created vacancy. The appointment of Ms. Lee, who has been deemed independent by the Board, is intended to bring additional expertise to the company's governance.
Key Highlights
- 1AT&T Inc. expanded its Board of Directors from 12 to 13 members.
- 2Debra L. Lee was elected as a new Director to the Board.
- 3Ms. Lee was appointed to the Public Policy and Corporate Reputation Committee.
- 4The Board determined that Ms. Lee meets AT&T's and the NYSE's independence standards.
- 5Ms. Lee will receive the standard compensation package for non-employee Directors.
Frequently Asked Questions
Debra L. Lee is a newly elected director to AT&T's Board. While the filing does not detail her specific background, her election and appointment to the Public Policy and Corporate Reputation Committee suggest she brings expertise relevant to these areas. The company has indicated she meets independence standards.
Increasing the Board size from 12 to 13 members allows AT&T to accommodate the new director, Debra L. Lee. This may indicate a strategic decision to add new perspectives or specific skill sets to the Board's oversight capabilities.
Ms. Lee will participate in the existing compensation program for non-employee Directors, as outlined in AT&T's 2019 Proxy Statement.