Summary
Williams Companies, Inc. (WMB) filed an 8-K on June 5, 2018, primarily to announce a change in its Board of Directors. Effective June 4, 2018, Nancy K. Buese was appointed as a new independent director. Ms. Buese will also serve on the Compensation and Management Development and the Environmental, Health and Safety Committees, indicating a focus on governance and operational oversight. Her compensation as a non-employee director includes a standard annual cash retainer of $110,000 and an annual equity retainer valued at $165,000 in restricted stock units, which are deferred.
Key Highlights
- 1Appointment of Nancy K. Buese as a new independent director to the Board, effective June 4, 2018.
- 2Ms. Buese will serve on the Compensation and Management Development Committee.
- 3Ms. Buese will serve on the Environmental, Health and Safety Committee.
- 4Non-employee director compensation includes an annual cash retainer of $110,000.
- 5Non-employee director compensation includes an annual equity retainer of $165,000 in deferred restricted stock units.
- 6No reportable related-party transactions or arrangements involving Ms. Buese are disclosed.
- 7The filing includes a press release dated June 4, 2018, as an exhibit.