Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnAugust 19, 2021 ,West Pharmaceutical Services, Inc. (the "Company") electedMolly Joseph to its Board of Directors (the "Board") as its newest member. With the addition ofMs. Joseph , the Board increased in size to 11 directors.Ms. Joseph is expected to participate on theFinance Committee andInnovation and Technology Committee of the Board.Ms. Joseph , 47, is the former Chief Executive Officer ("CEO") ofUnitedHealthcare Group , a role she served in for more than a decade. During her 16-year tenure, she pioneered the establishment of UnitedHealth Group's global health business into one of the largest health benefits and medical delivery businesses outside ofthe United States . As CEO of UnitedHealthcare Global, she had oversight of more than 50 hospitals and several hundred ambulatory centers which served over 9 million patients and 7 million insurance members.Ms. Joseph also directed UnitedHealth Group in strategy and corporate development, where she led acquisitions and business transactions. Prior to joining UnitedHealth Group, she focused on business transactions as an investment banker and a corporate attorney.Ms. Joseph serves on the Board of Directors of First Solar and theBoard of Trustees atSanta Clara University . She is a long-time advisor to Children's Heartlink, a global nonprofit organization for pediatric cardiac care and also serves on the Board of Directors of Young Voices ofAustin , a nonprofit organization focused on the advancement of children from diverse backgrounds.Ms. Joseph will be entitled to the customary compensation arrangements for the Company's non-employee directors, which currently consists of a$90,000 annual retainer and an annual restricted stock unit grant of$190,000 . Each element ofMs. Joseph's compensation will be prorated for her period of service. In addition, she will be eligible to participate in the Company's Director Deferred Compensation Plan. The Company's most recent proxy statement, filed with theSecurities and Exchange Commission onMarch 24, 2021 , describes these arrangements under the heading "Director Compensation".Ms. Joseph will enter into our standard form of indemnification agreement, the form of which was included as Exhibit 10.1 to our Current Report on Form 8-K filed onJanuary 6, 2009 . There were no arrangements or understandings betweenMs. Joseph and any other person pursuant to which she was elected as a director, and there are and have been no transactions since the beginning of the Company's last fiscal year, or currently proposed, between the Company andMs. Joseph .
Item 7.01 Regulation FD Disclosure.
On
The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, nor will it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific referencing in such filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibit No. Description 99.1 West Pharmaceutical Services, Inc. Press
Release, dated
104 The cover page from the Company's Current Report on Form 8-K, datedAugust 19, 2021 , formatted in Inline XBRL. 2
--------------------------------------------------------------------------------
© Edgar Online, source