AI English summary of an SEC filing — figures as filed

The company said Edmund Reese, a member of its board, notified it of his resignation from the board effective May 31, 2024, effective immediately. The company said the resignation does not arise from any disagreement on matters relating to its strategy, operations, policies or practices.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Jun 4, 2024Period of report May 31, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

The company said Edmund Reese, a member of its board, notified it of his resignation from the board effective May 31, 2024, effective immediately. The company said the resignation does not arise from any disagreement on matters relating to its strategy, operations, policies or practices.
The company said its board elected Kathleen Winters as a director on May 31, 2024, effective July 1, 2024. The company said he will serve on the Audit Committee and the Finance, Investment and Risk Management Committee.
The company said Winters will receive, as compensation for the remainder of the 2024-2025 board service year, restricted stock units valued at $190,000 and the annual cash retainer of $115,000 paid to non-management directors. The company said the restricted stock units will be granted on the second trading day after the filing of its Form 10-Q for the quarter ended June 30, 2024.
The company said its board determined that Winters has no interest in any transaction that would qualify as a related party transaction under Item 404(a) of Regulation S-K, and that she meets the New York Stock Exchange independence requirements. The company said the press release stated that she served as chief financial officer of Automatic Data Processing, Inc. and MSCI, Inc.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Edmund Reese Resigns from Board

The company said Edmund Reese, a member of its board, notified it of his resignation from the board effective May 31, 2024, effective immediately. The company said the resignation does not arise from any disagreement on matters relating to its strategy, operations, policies or practices.

Source · Based on the filing body and exhibits

Kathleen Winters Appointed to Board and Committees

The company said its board elected Kathleen Winters as a director on May 31, 2024, effective July 1, 2024. The company said he will serve on the Audit Committee and the Finance, Investment and Risk Management Committee.

Source · Based on the filing body and exhibits

Compensation Terms for Director Winters

The company said Winters will receive, as compensation for the remainder of the 2024-2025 board service year, restricted stock units valued at $190,000 and the annual cash retainer of $115,000 paid to non-management directors. The company said the restricted stock units will be granted on the second trading day after the filing of its Form 10-Q for the quarter ended June 30, 2024.

Source · Based on the filing body and exhibits

Winters' Experience and Independence Determination

The company said its board determined that Winters has no interest in any transaction that would qualify as a related party transaction under Item 404(a) of Regulation S-K, and that she meets the New York Stock Exchange independence requirements. The company said the press release stated that she served as chief financial officer of Automatic Data Processing, Inc. and MSCI, Inc.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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