Medtronic Files 8K - Changes Executive Management
December 14 2016 - 4:49PM
Dow Jones News
Medtronic PLC (MDT) filed a Form 8K - Changes in Company
Executive Management - with the U.S Securities and Exchange
Commission on December 08, 2016.
As previously announced, effective as of June 20, 2016, Gary L.
Ellis ceased serving as the Executive Vice President and Chief
Financial Officer of Medtronic plc, a public limited company
organized under the laws of Ireland (the "Company"). Since June 20,
2016, Mr. Ellis has served as Executive Vice President of Global
Operations and Information Technology. Mr. Ellis intends to retire
from the Company effective as of December 31, 2016.
In connection with Mr. Ellis's retirement, on December 8, 2016,
the Company agreed to the terms of a Consulting Agreement with Mr.
Ellis (the "Consulting Agreement") pursuant to which he will serve
as a consultant to the Company from January 1, 2017 until December
31, 2017 (the "Term"). Mr. Ellis will provide advice as to Company
matters of which he has special knowledge arising from his duties
as former Chief Financial Officer and former Executive Vice
President of Global Operations and Information Technology
("Services"). During the Term, the Company will pay Mr. Ellis
$3,520 for each day that Mr. Ellis provides Services. The
Consulting Agreement includes cooperation, non-disparagement,
non-competition and non-solicitation covenants. The Consulting
Agreement may be terminated by either party with written notice,
without further obligation or liability.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/1613103/000119312516793116/d311376d8k.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/1613103/000119312516793116/0001193125-16-793116-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
(END) Dow Jones Newswires
December 14, 2016 17:34 ET (22:34 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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