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Lumen Technologies | 8-K: Current report

SEC announcement ·  Feb 22 16:29
Summary by Moomoo AI
On February 21, 2024, Lumen Technologies, Inc. announced the expansion of its board of directors from 11 to 12 members and the appointment of Diankha Linear to fill the new position. The decision, made by the board upon the recommendation of its nominating and corporate governance committee, took immediate effect, with Ms. Linear also set to stand for reelection at the 2024 annual meeting of shareholders. In addition to her board role, Ms. Linear will serve on the nominating and corporate governance committee and the risk and security committee. Recognized as an independent director under NYSE listing rules and the company's guidelines, she will receive compensation in line with the company's outside director program. This includes a prorated grant of restricted stock valued...Show More
On February 21, 2024, Lumen Technologies, Inc. announced the expansion of its board of directors from 11 to 12 members and the appointment of Diankha Linear to fill the new position. The decision, made by the board upon the recommendation of its nominating and corporate governance committee, took immediate effect, with Ms. Linear also set to stand for reelection at the 2024 annual meeting of shareholders. In addition to her board role, Ms. Linear will serve on the nominating and corporate governance committee and the risk and security committee. Recognized as an independent director under NYSE listing rules and the company's guidelines, she will receive compensation in line with the company's outside director program. This includes a prorated grant of restricted stock valued at $50,000, vesting after one year. Ms. Linear's extensive experience spans over 20 years in technology, logistics, and retail industries, and includes military service in the U.S. Army Reserve. Her current role as president and CEO of Community, Inc. involves disrupting brand-customer interactions through a large-scale engagement platform. Lumen Technologies issued a press release on February 22, 2024, to publicly announce Ms. Linear's appointment, emphasizing her diverse expertise and the value she brings to the company's transformation and service delivery.

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