INTUIT INC. (NASDAQ:INTU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS, APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On July 20, 2017, Deborah Liu was named to the Board of Directors (the “Board”) of Intuit Inc. (“Intuit”), and the number of directors was increased from nine to ten members. Ms. Liu was appointed to serve on the Acquisition Committee and the Compensation and Organizational Development Committee of the Board.
Ms. Liu will receive compensation for services as a non-employee director of Intuit consistent with the compensation generally provided to other Intuit non-employee directors, as determined by the Board from time to time, and disclosed in our 2016 proxy statement, which was filed with the Securities and Exchange Commission on November 23, 2016, including initial and succeeding grants to Ms. Liu of restricted stock units with a grant date fair value of approximately $75,000 and $108,333, respectively, on July 21, 2017. There are no arrangements or understandings between Ms. Liu and any other persons to which she was selected as a director, and there are no transactions involving Intuit and Ms. Liu that Intuit would be required to report to Item 404(a) of Regulation S-K.
A copy of the press release announcing Ms. Liu’s appointment is attached hereto as Exhibit99.01.
Item 5.02 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
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99.01 |
Press release issued on July 20, 2017, announcing appointment of Deborah Liu to the Board of Directors of Intuit Inc.* |
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This exhibit is intended to be furnished and shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended. |
INTUIT INC ExhibitEX-99.01 2 exhibit9901liu.htm EXHIBIT 99.01 Exhibit Exhibit 99.01 Contacts: Investors Media Kim Watkins Diane Carlini Intuit Inc. Intuit Inc. 650-944-3324 650-944-6251 [email protected] [email protected] Appoints Deborah Liu to Board of Directors Facebook Leader Brings Global Mobile and Payments Platform Product Experience to Board MOUNTAIN VIEW,…To view the full exhibit click here
About INTUIT INC. (NASDAQ:INTU)
Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions. The Small Business segment also includes third-party applications that integrate with the Company’s offerings. The Consumer Tax segment targets consumers and includes TurboTax products and services, which enable individuals to prepare and file their own federal and state personal income tax returns. The ProConnect segment targets professional accountants in the United States and Canada. Its ProConnect professional tax offerings include Lacerte, ProSeries, ProFile and ProConnect Tax Online.
