HP said the Board expanded its size and elected Fama Francisco as a director, effective on June 17, 2024. Francisco is Chief Executive Officer, Baby, Feminine and Family Care at The Procter & Gamble Company.

1. 01

   HP said the Board expanded its size and elected Fama Francisco as a director, effective on June 17, 2024. Francisco is Chief Executive Officer, Baby, Feminine and Family Care at The Procter & Gamble Company.

2. 02

   The company said the Board determined that Francisco is independent under the New York Stock Exchange listing standards and the company's Corporate Governance Guidelines. On the same day, it appointed her to the Nominating, Governance and Social Responsibility Committee and the HR and Compensation Committee.

3. 03

   Francisco will receive compensation consistent with that generally provided to other non-employee directors, HP said. Currently, she has an annual cash retainer of $105,000 and an annual equity retainer of $220,000 in fully vested shares. Her first partial year will be pro-rated.

4. 04

   HP said the Board amended its bylaws on June 17, 2024, increasing the authorized number of directorships from 12 to 13. The company explained that the amendment is related to Francisco's appointment and takes effect the same day.

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