SEC Filing Summary: PerkinElmer, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by PerkinElmer, Inc. on January 27, 2012. The report discloses corporate governance changes regarding the Board of Directors. Note: The registrant is PerkinElmer, Inc., not REVVITY, INC.
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 election of Peter Barrett to the Board of Directors, effective February 7, 2012. This appointment triggers specific compensatory arrangements outlined below.
Management Commentary and Compensation Details
In connection with his election, Mr. Barrett will receive the following compensation, consistent with the Company's program for non-employee directors:
- Cash Compensation: $20,000 (prorated portion of the current annual compensation).
- Stock Award: PerkinElmer common stock with a fair market value of $25,000.
- Stock Option Grant: An initial one-time grant of options for 10,000 shares of PerkinElmer common stock.
All awards are subject to customary terms and conditions. A press release regarding this election is attached as Exhibit 99.1.
Investor Verification Checklist
- Verify the effective date of Peter Barrett's board service (February 7, 2012).
- Confirm the total initial compensation package value ($45,000 in cash and stock value plus options).
- Review the attached press release (Exhibit 99.1) for additional biographical details on Mr. Barrett.
- Note that this filing contains no financial results or forward-looking guidance.