8-K/ALeadership Changes

VERIZON COMMUNICATIONS INC 8-K/A Report, Executive Changes (Dec 3, 2015)

Filed December 3, 2015For Securities:VZ

Summary

This Form 8-K/A filing from Verizon Communications Inc. (VZ) serves as an amendment to a previous report. The primary purpose of this amendment is to update information regarding the committee assignments of a newly elected director, Mark T. Bertolini. While Mr. Bertolini was elected to the Board of Directors on February 5, 2015, the specific committee assignments were not detailed at that time. This amendment clarifies that Mr. Bertolini was appointed to the Finance Committee of the Board of Directors, effective December 3, 2015. Investors interested in board governance and the composition of key committees, such as the Finance Committee which typically oversees financial strategy and oversight, should note this update. No other aspects of the original filing are being amended.

Key Highlights

  • 1Amendment to a previous Form 8-K filing concerning director appointments.
  • 2Mark T. Bertolini, elected as a Director on February 5, 2015, has been appointed to the Finance Committee.
  • 3The appointment to the Finance Committee is effective as of December 3, 2015.
  • 4This filing provides updated committee assignment information for a board member.
  • 5No other information from the original filing is being changed or updated.
  • 6The Finance Committee typically plays a key role in financial oversight and strategy.

Frequently Asked Questions

The main purpose of this Form 8-K/A filing is to amend a previous report by providing an update on the committee assignments of a director. Specifically, it clarifies that Mark T. Bertolini has been appointed to the Finance Committee.

Mark T. Bertolini was elected as a Director to Verizon's Board on February 5, 2015. This amendment reports his appointment to the Finance Committee, effective December 3, 2015.

The original Form 8-K filed on February 5, 2015, announced Mr. Bertolini's election as a Director. At that time, the board had not yet determined his committee assignments. This 8-K/A filing is used to provide that subsequent detail once the decision was made on December 3, 2015.

This filing primarily relates to corporate governance by detailing director committee assignments. It does not directly report on financial performance or announce new strategic initiatives. However, the Finance Committee's oversight is indirectly linked to financial strategy.