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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Adobe Inc.    ADBE


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ADOBE INC. : Change in Directors or Principal Officers (form 8-K)

10/06/2020 | 04:36pm EST
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 2, 2020, the Board of Directors (the "Board") of Adobe Inc. ("Adobe"
or the "Company") appointed Melanie Boulden to the Board. This appointment was
made to fill a vacancy created by an increase in the size of the Board from ten
to eleven members. Ms. Boulden will serve a term of office expiring at Adobe's
2021 Annual Meeting of Stockholders. Ms. Boulden was also appointed to the
Executive Compensation Committee of the Board.
There is no arrangement or understanding between Ms. Boulden and any other
persons pursuant to which she was selected as a director. Since the beginning of
our last fiscal year through the date hereof, there have been no transactions
with Adobe, and there are currently no proposed transactions with Adobe in which
the amount involved exceeds $120,000 and in which Ms. Boulden had or will have a
direct or indirect material interest within the meaning of Item 404(a) of
Regulation S-K.
As a non-employee director, Ms. Boulden will receive cash and equity
compensation in accordance with Adobe's FY '19 and FY '20 Non-Employee Director
Compensation Policy, which is incorporated herein by reference. In connection
with her compensation, Ms. Boulden was granted an initial award of 309
restricted stock units on October 2, 2020. Additional information regarding
Adobe's compensation programs for the members of its Board is contained in
Adobe's Definitive Proxy Statement filed on February 28, 2020.
A copy of our press release announcing the appointment of Ms. Boulden to Adobe's
Board is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits

                                                                                     Incorporated by Reference
   Exhibit                                                                                                          Exhibit                                    Filed
   Number                       Exhibit Description                      Form              Filing Date              Number            SEC File No.            Herewith

         10.1         FY '19 and FY '20 Non-Employee Director            8-K                     1/24/19            10.1                    000-15175
                    Compensation Policy

         99.1         Press release issued on October 5, 2020                                                                                                    X
                    titled "Adobe Names Melanie Boulden to its
                    Board of Directors"



© Edgar Online, source Glimpses

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