Business Context and Reporting Period
This Form 8-K filing by E. I. du Pont de Nemours and Company (DuPont) reports a corporate governance event. The report date is June 8, 2005, covering an event that occurred on June 2, 2005.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is strictly a current report regarding the election of a new director.
Material Changes
The material change reported is the election of Sean O'Keefe as a new director of the Company, effective July 1, 2005. This action was taken by the Board of Directors upon the recommendation of the Corporate Governance Committee.
Outlook, Commentary, and Risks
Management Commentary: Charles O. Holliday, Jr., Chairman and CEO, stated that Mr. O'Keefe brings a wealth of knowledge and government experience to the board. His broad perspectives and global insight are expected to be valuable for the company's global business growth.
Director Background: Mr. O'Keefe, 49, is the Chancellor of Louisiana State University and former Administrator of NASA (2001-2005). He previously served as Deputy Assistant to the President, Deputy Director of the Office of Management and Budget, Secretary of the Navy, and Comptroller/CFO of the Department of Defense.
Committee Assignments: At the time of filing, Mr. O'Keefe had not been named to any board committees, and it was premature to state future assignments.
Risks and Contingencies: The filing states there are no arrangements or understandings regarding Mr. O'Keefe's election and no transactions requiring disclosure under Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- Sean O'Keefe was elected to the DuPont Board of Directors effective July 1, 2005.
- Mr. O'Keefe brings significant federal government leadership experience, including roles at NASA and the Department of Defense.
- No specific board committee assignments have been made for Mr. O'Keefe as of the filing date.
- This filing contains no financial performance data or guidance updates.