Micron Technology, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Micron Technology, Inc. on June 9, 2026. The report discloses a corporate governance event: the appointment of a new member to the Board of Directors.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on director compensation and appointment details.
Material Changes
The primary material change is the expansion of the Board of Directors. Alexis Black Björlin was appointed as a director, increasing the total board size to nine members. Eight of the nine directors are now classified as independent under Nasdaq rules. Dr. Björlin has been assigned to the Governance and Sustainability Committee.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or management commentary regarding business operations in this filing. The document details the compensation arrangement for the new director, which includes:
- A pro rata portion of a $125,000 annual cash retainer.
- A grant of restricted stock valued at a pro rata portion of the $250,000 annual grant.
- Participation in the 2025 Director Compensation Plan.
The filing confirms no family relationships exist between Dr. Björlin and other directors or officers, and no undisclosed arrangements influenced her selection.
Investor Verification Checklist
- Verify the independence status of the new director under Nasdaq rules.
- Review the attached press release (Exhibit 99.1) for Dr. Björlin's professional background.
- Confirm the total number of board seats and the composition of the Governance and Sustainability Committee.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.