Business Context and Reporting Period
This Form 8-K Current Report was filed by Donnelley Financial Solutions, Inc. on July 14, 2022. The filing reports corporate governance changes effective immediately on the date of the report.
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 board composition and director compensation.
Material Changes
- Board Expansion: The Board of Directors increased its size to nine members.
- New Appointment: Chandar Pattabhiram was appointed as a director to fill the new vacancy. He will serve until the 2023 annual meeting of stockholders or until a successor is elected.
- Committee Assignment: Mr. Pattabhiram will serve on the Compensation Committee.
- Compensation: Mr. Pattabhiram received a prorated annual cash retainer of $67,507 and a prorated annual equity retainer of $147,671 under the Non-Employee Director Compensation Plan.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, outlook, risks, contingencies, or unusual items. It is a procedural disclosure regarding officer appointments.
Key Facts for Investor Verification
- Verify the total number of board seats is now nine.
- Confirm Chandar Pattabhiram's tenure ends at the 2023 annual meeting unless a successor is elected earlier.
- Note that Mr. Pattabhiram is not an employee of the Company and has no other transactions identified under Item 404(a) of Regulation S-K.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.