TIME INC. (NYSE:TIME) 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.
(d)On August 3, 2017, the Board of Directors (the “Board”) of Time Inc. (the “Company”) increased the size of the Board to 11 members and appointed Ms. Katie J. Stanton as a director, effective immediately. Ms. Stanton will serve on the Compensation Committee of the Board.
Ms. Stanton has served as the ChiefMarketing Officer of Color,a health technology servicethat offers physician-ordered genetic testing for hereditary cancer risk, sinceAugust2016. Prior toColor,she wasVice President,Global MediaatTwitter, Inc. from 2014,responsible for building media partnerships around the world and across strategic verticals including news, television, sports, fashion and music. Prior to this role she wasVice President for International Market Development, responsible for partnerships, user growth and key operations in the strategic markets of Europe, Latin America, the Middle East and Africafrom 2010.Before joining Twitter, she worked at the White House, the State Department, Google, Inc.,Yahoo, Inc.and Chase Manhattan Bank. Ms. Stanton has served on the Supervisory Board of Vivendi SA, a French multinational media company headquartered in Paris, since 2014. Sheisalsoa founding partner of #Angels, a Silicon Valley-based investment group.
As a director, Ms. Stanton will participate in the compensation program applicable to all non-employee directors, which is described under the heading “Director Compensation” in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on May 16, 2017.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
|
99.1 |
Press Release issued by Time Inc. on August 7, 2017. |
About TIME INC. (NYSE:TIME)
Time Inc. is a media company. The Company’s brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as over 50 diverse titles in the United Kingdom, such as Decanter, Horse & Hound, and Wallpaper*. The Company’s franchises and events include the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsperson of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. The Company provides content marketing, targeted local print and digital advertising programs, branded book publishing, and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services, and customer service and fulfillment services, for the Company and third-party clients, including other magazine publishers.
