Summary
This Form 8-K filing from The Williams Companies, Inc. (WMB) on March 18, 2008, primarily reports a change in its Board of Directors. The company announced the election of Mr. Joseph R. Cleveland as a Class I director, increasing the Board's size to thirteen members. Mr. Cleveland, with extensive experience as the former chief information officer for Lockheed Martin Corporation, will serve until the next Annual Meeting of Stockholders. He has also been appointed to the Audit Committee and the Finance Committee, positions that may be of interest to investors concerned with corporate governance and financial oversight.
Key Highlights
- 1Williams Companies, Inc. elected Joseph R. Cleveland to its Board of Directors.
- 2The size of the Board of Directors was increased to thirteen members.
- 3Mr. Cleveland's tenure as a director will extend until the next Annual Meeting of Stockholders.
- 4Joseph R. Cleveland brings experience as the former chief information officer for Lockheed Martin Corporation.
- 5Mr. Cleveland has been appointed to serve on the Audit Committee.
- 6Mr. Cleveland has also been appointed to serve on the Finance Committee.
- 7The filing states there are no prior relationships or transactions between Mr. Cleveland and the Company or its management.
Frequently Asked Questions
The main purpose of this 8-K filing is to report the election of a new director, Mr. Joseph R. Cleveland, to The Williams Companies, Inc. Board of Directors and his subsequent committee appointments.
Mr. Cleveland is the former chief information officer for Lockheed Martin Corporation and president of Lockheed Martin Enterprise Information Systems. His experience is in information technology and executive leadership.
Mr. Cleveland has been appointed to serve on the Audit Committee and the Finance Committee of the Board of Directors.
According to the filing, Mr. Cleveland has no prior relationships or transactions with The Williams Companies, Inc. or its management.