CitigroupInc. (NYSE:BLW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On December 15, 2016, the Board of Directors (the Board) of
Citigroup Inc. (Citigroup) elected Deborah C. Wright as a
director, effective January 1, 2017. Ms. Wright recently served
as a Senior Fellow at the Ford Foundation and previously held the
positions of Executive Chairman, President and CEO of Carver
Bancorp Inc.
The Board determined that Ms. Wright is independent in accordance
with the director independence standards established under
Citigroups Corporate Governance Guidelines, which are intended to
comply with the New York Stock Exchange corporate governance
rules, and all other applicable laws, rules and regulations. In
addition, Ms. Wright was appointed to the Audit Committee and the
Ethics and Culture Committee, effective January 1, 2017.
Ms. Wright will receive compensation as a non-employee director
in accordance with the Director Compensation program as currently
in effect and as generally described in Proposal 1: Election of
Directors Directors Compensation of Citigroups Annual Proxy
Statement filed with the U.S. Securities and Exchange Commission
on March 16, 2016.
There are no family relationships between Ms. Wright and any
officer or other director of Citigroup or any related party
transactions involving Ms. Wright and Citigroup. There is no
arrangement or understanding between Ms. Wright and any other
person to which she was selected as a director. In addition, Ms.
Wright has never been employed at Citigroup or any of its
subsidiaries.
A copy of Citigroups press release relating to the election of
Ms. Wright as a director is being furnished as Exhibit 99.1 to
this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is furnished as part of this Current Report
on Form 8-K:
| Exhibit Number | ||
| 99.1 | Citigroups Press Release dated December 16, 2016. |
About Citigroup Inc. (NYSE:BLW)
BlackRock Limited Duration Income Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income and capital appreciation. It seeks to achieve its investment objective by investing in three asset classes, such as intermediate duration, investment grade corporate bonds, mortgage-related securities, asset-backed securities and the United States Government and agency securities; senior, secured floating rate loans made to corporate and other business entities, and the United States dollar-denominated securities of the United States and non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality and, to a limited extent, non-United States dollar denominated securities of non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality. Its investment advisor is BlackRock Advisors, LLC. Citigroup Inc. (NYSE:BLW) Recent Trading Information
Citigroup Inc. (NYSE:BLW) closed its last trading session up +0.06 at 15.36 with 99,466 shares trading hands.