Knowles Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Knowles Corporation on April 10, 2019, covering events occurring on April 4, 2019. The filing addresses corporate governance matters related to the composition of 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 focuses exclusively on director appointments and does not contain financial performance data.
Material Changes
On April 4, 2019, Dr. Cheryl Shavers resigned from her position as a Class II director and was immediately reappointed as a Class III director. This action was taken to ensure the Board maintained an equal number of directors in each class, as required by the Company's Charter and Bylaws following a prior resignation in 2018. Dr. Shavers was also reappointed to the Audit Committee and the Governance and Nominating Committee. Her service is deemed uninterrupted since 2017.
Outlook, Risks, and Management Commentary
Management notes that Dr. Shavers has been nominated to stand for election as a Class III director at the 2019 Annual Meeting of Shareholders. The Company advises shareholders to read the Definitive Proxy Statement for important information regarding the solicitation of proxies and the interests of directors and executive officers. No specific financial risks or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Dr. Cheryl Shavers changed director classes from Class II to Class III to maintain Board balance.
- Dr. Shavers retains her seats on the Audit Committee and Governance and Nominating Committee.
- Shareholders should review the Definitive Proxy Statement for the 2019 Annual Meeting for details on director nominees and security holdings.
- Updates on security holdings by directors and officers will be filed on Forms 3, 4, and 5.