Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On May 20, 2020, Corning Incorporated (the "Company") announced temporary compensation actions in response to the impact of the global COVID-19 pandemic on the Company. Effective June 1, 2020, the base salary of the Company's CEO will be reduced by 40% and each of the other named executive officers' salary will be reduced by 30%. Each non-employee director's cash compensation will be reduced by 40%. Additionally, the Company is taking action to reduce the salaries, from 5% to 30%, for all other salaried employees in the United States from June 1, 2020 through December 31, 2020. The Company will take similar actions outside the United States based on local regulations and mutual consent requirements. The Company is taking these and other actions to preserve cash in 2020, and will issue equity to each employee, including the named executive officers, in the form of restricted stock units and stock options, in an amount equivalent to the employee's salary reduction on the grant date. Similarly, each non-employee director will receive restricted stock units in an amount equivalent to the director's fee reduction.

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