Summary
Texas Instruments Inc. (TXN) announced a change to its Board of Directors, electing Mr. Ronald Kirk to the Board and its Governance and Stockholder Relations Committee, effective September 19, 2013. Mr. Kirk's compensation will be in line with the company's existing director compensation policies and plans. Importantly, there are no disclosed related-party transactions involving Mr. Kirk that require disclosure under SEC regulations, indicating no immediate conflicts of interest.
Key Highlights
- 1Election of Ronald Kirk to the Board of Directors.
- 2Appointment of Ronald Kirk to the Governance and Stockholder Relations Committee.
- 3Effective date of appointment: September 19, 2013.
- 4Mr. Kirk's compensation will follow established director compensation plans.
- 5No material related-party transactions involving Mr. Kirk are reported.
- 6This filing falls under Item 5.02 of Form 8-K, pertaining to director and officer changes.
Frequently Asked Questions
Ronald Kirk has been elected to the Board of Directors of Texas Instruments Inc. and will also serve on the Board's Governance and Stockholder Relations Committee, starting September 19, 2013.
Mr. Kirk's compensation will be determined according to Texas Instruments' Corporate Governance Guidelines and the Texas Instruments 2009 Director Compensation Plan, as amended.
Based on the filing, there are no disclosed transactions involving Mr. Kirk or his affiliates that require disclosure under Item 404(a) of Regulation S-K, suggesting no direct or indirect material interests in such transactions with the company.
The appointment of Mr. Ronald Kirk to the Board of Directors and the committee is effective starting September 19, 2013.