Business Context and Reporting Period
Company: McKesson Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: April 29, 2015
Event: Regulation FD Disclosure regarding Board of Directors governance.
Financial Metrics
This filing does not contain financial data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
The filing reports a corporate governance change rather than a financial or operational material change. The Board of Directors reelected Edward A. Mueller to serve a two-year term as the Lead Independent Director, effective July 29, 2015.
Guidance, Outlook, and Management Commentary
Management Commentary: The filing details the responsibilities of the Lead Independent Director, including presiding at meetings in the Chairman's absence, serving as a liaison between the Chairman and independent directors, approving agendas, and leading the annual evaluation of directors and the CEO succession process.
Biography: Mr. Mueller has been a director since April 2008. His prior executive experience includes serving as Chairman and CEO of Qwest Communications International Inc. (2007–2011), CEO of Williams-Sonoma, Inc. (2003–2006), and CEO of Ameritech Corporation (2000–2002).
Risks and Contingencies: No specific risks or contingencies are disclosed in this filing.
Key Facts for Investor Verification
- Edward A. Mueller was reelected as Lead Independent Director for a two-year term.
- The new term is effective July 29, 2015.
- The appointment is subject to Mr. Mueller's continuing reelection as a director and his status as an independent director.
- Mr. Mueller serves on the Governance Committee and the Compensation Committee.