AI English summary of an SEC filing — figures as filed
Motorola Solutions MSIMotorola Solutions said on August 26, 2024 that it increased the size of its board from 8 to 9 members and that Elizabeth D. Mann joined the board as a director and a member of the Audit Committee, effective immediately.
Key points
AI summaryMotorola Solutions said on August 26, 2024 that it increased the size of its board from 8 to 9 members and that Elizabeth D. Mann joined the board as a director and a member of the Audit Committee, effective immediately.
The company said Ms. Mann will serve until the 2025 annual meeting and the election and qualification of her successor, or until her earlier death or resignation, and that she is currently Executive Vice President and Chief Financial Officer of Verisk Analytics.
The company said Ms. Mann will receive the standard compensation for non-employee directors. Under that arrangement, equity compensation is paid in deferred stock units valued at $20,416.67 per month, divided by the closing price of the company's common stock on the effective date of her election, prorated based on the number of full months served until the next annual meeting of shareholders.
In a press release, the company said Ms. Mann has close to 20 years of leadership experience in finance, strategy, data analytics and the technology industry. The company also said there are no arrangements or understandings between Ms. Mann and any other person under which she was elected, and that she has no material interest in any related party transaction subject to disclosure under Item 404(a).
Summary
AI-writtenAnalysis 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.
Board Expands From 8 to 9 Members
Motorola Solutions said on August 26, 2024 that it increased the size of its board from 8 to 9 members and that Elizabeth D. Mann joined the board as a director and a member of the Audit Committee, effective immediately.
Source · Based on the filing body and exhibits
Ms. Mann's Term and Current Position
The company said Ms. Mann will serve until the 2025 annual meeting and the election and qualification of her successor, or until her earlier death or resignation, and that she is currently Executive Vice President and Chief Financial Officer of Verisk Analytics.
Source · Based on the filing body and exhibits
Standard Non-Employee Director Compensation Applies
The company said Ms. Mann will receive the standard compensation for non-employee directors. Under that arrangement, equity compensation is paid in deferred stock units valued at $20,416.67 per month, divided by the closing price of the company's common stock on the effective date of her election, prorated based on the number of full months served until the next annual meeting of shareholders.
Source · Based on the filing body and exhibits
Ms. Mann's Experience and Related-Party Interests
In a press release, the company said Ms. Mann has close to 20 years of leadership experience in finance, strategy, data analytics and the technology industry. The company also said there are no arrangements or understandings between Ms. Mann and any other person under which she was elected, and that she has no material interest in any related party transaction subject to disclosure under Item 404(a).
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.
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