Business Context and Reporting Period
This Form 8-K Current Report was filed by Amazon.com, Inc. on September 9, 2020. The report discloses corporate governance changes regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on personnel and governance matters.
Material Changes
The primary material change reported is the election of General (Ret.) Keith B. Alexander as a director of the Company and his appointment to the Audit Committee. This action was taken by the Board of Directors on September 9, 2020.
Management Commentary and Compensation
In connection with his election, General Alexander was granted a restricted stock unit award under the Company's 1997 Stock Incentive Plan for 288 shares of common stock. These shares are scheduled to vest in three equal annual installments beginning on November 15, 2021, assuming continued service. Additionally, General Alexander entered into a standard indemnification agreement with the Company.
Key Facts for Investor Verification
- General (Ret.) Keith B. Alexander was elected to the Board of Directors on September 9, 2020.
- General Alexander was appointed to the Audit Committee.
- Compensation includes 288 restricted stock units vesting over three years starting November 15, 2021.
- General Alexander is the Co-CEO, President, and Chairman of IronNet Cybersecurity, Inc.