Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On and effective April 16, 2022, the Board of Directors (the "Board") of
Activision Blizzard, Inc. (the "Company") temporarily expanded the size of the
Board to eleven members and elected Lulu C. Meservey to serve as a new member.
Ms. Meservey was elected to the Board to serve until her successor is duly
elected and qualified or until the earlier of her death, resignation or removal.
Ms. Meservey will stand for re-election to the Board at the Company's 2022
annual meeting of stockholders (the "2022 Annual Meeting"). Ms. Meservey was
appointed to the Workplace Responsibility Committee of the Board.
Ms. Meservey is the Vice President of Communications at Substack, an online
platform for independent publishers of newsletters and podcasts, a role she has
held since June 2021. Prior to joining Substack, Ms. Meservey co-founded the
communications agency TrailRunner International and served as its Chief
Operating Officer from May 2016 to January 2021 and as its President from
January 2021 to June 2021. From 2013 to 2016, Ms. Meservey worked in the office
of the chairman at McLarty Associates, a global strategic advisory firm
headquartered in Washington, D.C., and she continued to serve as an advisor from
2016 to 2021. Her prior experience includes positions with the World Bank, where
she advised on international open data initiatives, the MIT Lincoln Laboratory,
where she worked on an international framework of norms in cyberspace, and as a
financial analyst at J.P. Morgan. Ms. Meservey holds a B.A. in political science
from Yale University and an M.A. in law and diplomacy from The Fletcher School
at Tufts University.
In addition, the Board nominated Kerry A. Carr for election to the Board at the
2022 Annual Meeting. If elected, Ms. Carr will serve on the Audit Committee of
the Board.
Ms. Carr is the Senior Vice President Global Performance Management, Revenue
Growth Management and Shared Services at Bacardi Limited, a privately held
spirits company. She has held the role of Senior Vice President Global
Performance Management since April 2020, and in April 2021, became the Senior
Vice President Global Performance Management, Revenue Growth Management and
Shared Services and was appointed to the CEO's Global Leadership Team. Prior to
that, Ms. Carr served as Global Senior Vice President-Continuous Improvement and
Special Projects from 2014 until 2020 at Bacardi. Ms. Carr held a number of
positions in finance, operations, supply chain and organizational design before
joining Bacardi, including serving as: Executive Vice President, Chief Operating
Officer, and Chief Financial Officer at Kid Brands, Inc. from 2012 to 2014; in
positions of increasing responsibility in finance and operations at Avon
Products, Inc. from 2003 to 2012; Vice President of Internal Audit and Corporate
Security at AT&T Inc. from 2001 to 2003; Senior Vice President & Chief Financial
Officer at ABC Television Stations and Radio Group from 1999 to 2001; Vice
President Worldwide Management Audit and International Labor Standards
Compliance at The Walt Disney Company from 1996 to 1999; Vice President of
Internal Audit at Capital Cities/ABC, Inc. from 1991 to 1996; and various
financial management and audit roles at Deloitte & Touche from 1985 to 1991. Ms.
Carr holds a B.B.A in public accounting from Hofstra University.
The Company also announced that directors Hendrik J. Hartong III and Casey
Wasserman notified the Company on April 16, 2022 that they have chosen to not
stand for re-election at the 2022 Annual Meeting. Their service as directors
will conclude upon the election of directors at the 2022 Annual Meeting, at
which time the size of the Board will return to ten members.
The Company's Non-Affiliated Director Compensation Program and Stock Ownership
Guidelines, as amended from time to time, will be applicable to Ms. Meservey and
Ms. Carr. The Company's current Non-Affiliated Director Compensation Program and
Stock Ownership Guidelines have been filed with the Securities and Exchange
Commission as Exhibit 10.33 of the Company's Form 10-K for the year ended
December 31, 2021, a copy of which is available at
https://www.sec.gov/ix?doc=/Archives/edgar/data/718877/000162828022003992/atvi-20211231.htm.
© Edgar Online, source Glimpses