Business Context and Reporting Period
This Form 8-K Current Report was filed by McKesson Corporation on May 27, 2009. The filing addresses a corporate governance event 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 is limited to a personnel change and does not contain financial performance data.
Material Changes
The material change reported is the resignation of James V. Napier from the Board of Directors. Mr. Napier tendered his resignation on May 27, 2009, having attained the board retirement age specified in the Company's Corporate Governance Guidelines. The Board accepted the resignation, which is effective as of the commencement of the Annual Meeting of Stockholders on July 22, 2009. Mr. Napier served as a director since 1999.
Management Commentary and Risks
Management confirmed that the resignation was not the result of any disagreement with the Company. The departure is a routine event consistent with the Company's established retirement age policy. No other risks, contingencies, or unusual items are disclosed in this filing.
Key Facts for Investors
- James V. Napier resigned from the Board of Directors effective July 22, 2009.
- The resignation was due to reaching the mandatory board retirement age.
- There was no disagreement between the director and the Company regarding the departure.
- No financial data or operational guidance is included in this specific filing.