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 November 13, 2008. 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
On November 13, 2008, the Board of Directors elected Alain Monié as a director, effective immediately. Additionally, Mr. Monié was appointed to the Leadership Development and Compensation Committee, effective January 1, 2009.
Management Commentary and Compensation
- Executive Background: Mr. Monié serves as President and Chief Operating Officer of Ingram Micro Inc. and is a director of Jones Lang LaSalle Incorporated.
- Compensation: In connection with his election, Mr. Monié received a restricted stock unit award for 7,000 shares of common stock under the Company's 1997 Stock Incentive Plan.
- Vesting Schedule: The award vests in three equal installments on the first, second, and third anniversaries of his initial election, contingent upon continued service.
- Indemnification: Mr. Monié entered into a standard director indemnification agreement with the Company.
Key Facts for Investor Verification
- Confirmation of Alain Monié's new role as a director and committee member.
- Details of the 7,000-share restricted stock unit grant and its vesting conditions.
- Verification of the effective dates for the election (November 13, 2008) and committee appointment (January 1, 2009).
