Qualcomm Inc.
10/09/2024 | Press release | Distributed by Public on 10/09/2024 14:06
Management Change/Compensation Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On October 8, 2024, the Board of Directors (the "Board") of QUALCOMM Incorporated (the "Company") elected Marie Myers, who currently serves as Executive Vice President and Chief Financial Officer of Hewlett Packard Enterprise Company, to the Board. Ms. Myers was elected for a term of office that expires at the Company's next annual meeting of stockholders. The Board also appointed Ms. Myers to its Audit Committee. There is no arrangement or understanding between Ms. Myers and any other person pursuant to which she was selected as a director, and there are no transactions involving the Company and Ms. Myers that are required to be reported pursuant to Item 404(a) of Regulation S-K.
Ms. Myers will receive compensation for her service as a non-employee director of the Company under the Qualcomm Incorporated 2024 Director Compensation Plan (the "Director Compensation Plan"). The components of the Director Compensation Plan are described in Exhibit 10.19 to the Company's Form 10-K for its fiscal year ended September 24, 2023. Under the Director Compensation Plan, on October 8, 2024, Ms. Myers was granted 677 deferred stock units (DSUs), representing a pro rata portion of the value of a DSU award for a full year of service on the Board.