Business Context and Reporting Period
Company: McKesson Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 24, 2017
Event Reported: Re-election of Lead Independent Director
Financial Metrics
This filing does not contain financial performance data. The document is a corporate governance disclosure and does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing reports a change in corporate governance leadership:
- Board Action: The Board of Directors re-elected Edward A. Mueller as the Lead Independent Director.
- Term: Two-year term effective July 26, 2017.
- Conditions: Subject to his continuing re-election as a director and maintaining independent director status.
Guidance, Outlook, and Management Commentary
Management Commentary: The filing details the responsibilities of the Lead Independent Director, including presiding at meetings in the Chairman's absence, serving as a liaison between the Chairman and independent directors, approving agendas, and leading the annual evaluation of directors and the CEO succession process.
Background: Mr. Mueller has been a director since April 2008 and serves on the Governance and Compensation Committees. His prior executive experience includes CEO roles at Qwest Communications International Inc., Williams-Sonoma, Inc., and Ameritech Corporation.
Risks and Contingencies: No specific risks or contingencies are disclosed in this filing.
Key Facts for Investor Verification
- Edward A. Mueller was re-elected as Lead Independent Director for a two-year term starting July 26, 2017.
- The appointment is contingent upon Mr. Mueller's continued status as an independent director and his re-election to the Board.
- This filing contains no financial results or forward-looking guidance regarding the company's business operations.