Great Lakes Dredge Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Expansion of Board of Directors and Election of New Director
On January 7, 2020, the Board elected Dr. Elaine Dorward-King as a director, effective immediately. Dr. Dorward-King will serve in the class of directors whose term expires at the Company’s 2020 Annual Meeting of Stockholders. Also on January 7, 2020, the Board increased the size of the Board from seven members to eight members. At this time, the Company has not made a determination regarding any Board committee assignments for Dr. Dorward-King.
Dr. Elaine Dorward-King was the Executive Vice President, Sustainability and External Relations at Newmont Mining Corporation (“Newmont”) (NYSE:NEM), the world’s leading gold mining company, until January 3, 2020. Dr. Dorward-King has spent the majority of her career in mining and joined Newmont in 2013. Prior to joining Newmont, Dr. Dorward-King spent 21 years with Rio Tinto, one of the world’s largest diversified producers of metals and minerals, in general management and Environmental Health and Safety leadership roles. Currently Dr. Dorward-King serves on the Board of Directors of Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the world’s largest producers of mineral sands products. Dr. Dorward-King holds a Bachelor’s Degree from Maryville College and received a PhD in Analytical Chemistry from Colorado State University.
Dr. Dorward-King will receive the standard compensation payable to non-employee directors of the Company, as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 21, 2019.
There are no arrangements or understandings between Dr. Dorward-King and any other person to which Dr. Dorward-King was selected as a director of the Company. Neither Dr. Dorward-King nor any of her immediate family members have been a party to any transaction or currently proposed transaction with the Company that is reportable under Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
The exhibits to this current report on Form 8-K are listed in the Exhibit Index, which appears prior to the page of this report and is incorporated by reference herein.
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EXHIBIT INDEX
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Great Lakes Dredge & Dock CORP Exhibit
EX-99.1 2 gldd-ex991_6.htm EX-99.1 gldd-ex991_6.htm EXHIBIT 99.1 News from Great Lakes Dredge & Dock Corporation For further information contact: Tina Baginskis Director,…
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About Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)
Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors in the United States. It holds interests in Amboy Aggregates, which is involved in mining sand from the entrance channel to New York Harbor for providing sand and aggregate for use in road and building construction and for clean land fill; Lower Main Street Development, LLC, which is engaged in land development and sale business, and TerraSea Environmental Solutions, which is engaged in the environmental services business.