Amazon.com, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Amazon.com, Inc. on July 31, 2014. The report discloses corporate governance changes regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and governance matters.
Material Changes
The primary material change reported is the election of Judith A. McGrath as a director of the Company. She was also appointed to the Leadership Development and Compensation Committee, effective October 1, 2014.
Management Commentary and Compensation
In connection with her election, Ms. McGrath was granted a restricted stock unit award under the Company's 1997 Stock Incentive Plan for 2,520 shares of common stock. These shares are scheduled to vest in three equal annual installments beginning on August 15, 2015, assuming continued service. Ms. McGrath also entered into a standard director indemnification agreement.
Key Facts for Investor Verification
- Effective date of Ms. McGrath's board appointment is October 1, 2014.
- Total restricted stock units granted to Ms. McGrath: 2,520 shares.
- Vesting schedule begins August 15, 2015, over three years.
- Ms. McGrath's prior role was President of Astronauts Wanted and former CEO of MTV Networks.