Summary by Moomoo AI
On May 6, 2024, Lumen Technologies announced the departure of Mr. Stacey Goff, the company's general counsel and secretary, and the appointment of Mr. Chad Ho as the new chief legal officer, effective June 2024. Mr. Goff, who has had a 26-year tenure with Lumen and its predecessors, will assist with the transition for a few weeks post Mr. Ho's commencement. The company's board approved accelerated vesting of Mr. Goff's restricted stock awards and his right to hold a prorated portion of his performance-based awards, with Mr. Goff forfeiting all other equity grants. Additionally, Mr. Goff will receive severance and bonus payments as per existing compensation arrangements. The announcement was made through a press release and a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission. Mr. Ho, an experienced legal executive with a background at Hulu and Disney, and most recently at Sabre, is expected to contribute significantly to Lumen's ongoing transformation.