Business Context and Reporting Period
This Form 8-K was filed by PerkinElmer, Inc. (Note: The company later became REVVITY, Inc.) on October 27, 2017. The report discloses a corporate governance event regarding the Board of Directors.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It is a current report focused solely on personnel changes and associated compensation.
Material Changes
The material change reported is the election of Pascale Witz to the Board of Directors, effective immediately on October 27, 2017.
Compensation and Management Commentary
In connection with her election, Ms. Witz received the following compensation, prorated for the remaining portion of the Board service year:
- Stock award of PerkinElmer common stock with a fair market value of $58,333.
- Grant of restricted stock units with a fair market value of $43,750.
- Eligibility for an annual cash retainer of $90,000 (prorated).
The filing states these awards are made on customary terms and conditions for non-employee directors under the Company's compensation program.
Investor Verification Checklist
- Verify the current name of the registrant (PerkinElmer, Inc. at the time of filing vs. REVVITY, Inc. in the request metadata).
- Confirm the total equity and cash compensation value for new director appointments in subsequent filings.
- Review the Company's non-employee director compensation program for standard grant terms.