Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) OnOctober 2, 2020 , the Board of Directors (the "Board") ofAdobe Inc. ("Adobe" or the "Company") appointedMelanie Boulden to the Board. This appointment was made to fill a vacancy created by an increase in the size of the Board from ten to eleven members.Ms. Boulden will serve a term of office expiring at Adobe's 2021 Annual Meeting of Stockholders.Ms. Boulden was also appointed to the Executive Compensation Committee of the Board. There is no arrangement or understanding betweenMs. Boulden and any other persons pursuant to which she was selected as a director. Since the beginning of our last fiscal year through the date hereof, there have been no transactions with Adobe, and there are currently no proposed transactions with Adobe in which the amount involved exceeds$120,000 and in whichMs. Boulden had or will have a direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K. As a non-employee director,Ms. Boulden will receive cash and equity compensation in accordance with Adobe's FY '19 and FY '20 Non-Employee Director Compensation Policy, which is incorporated herein by reference. In connection with her compensation,Ms. Boulden was granted an initial award of 309 restricted stock units onOctober 2, 2020 . Additional information regarding Adobe's compensation programs for the members of its Board is contained in Adobe's Definitive Proxy Statement filed onFebruary 28, 2020 . A copy of our press release announcing the appointment ofMs. Boulden to Adobe's Board is attached hereto as Exhibit 99.1 and incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Incorporated by Reference Exhibit Exhibit Filed Number Exhibit Description Form Filing Date Number SEC File No. Herewith 10.1 FY '19 and FY '20 Non-Employee Director 8-K 1/24/19 10.1 000-15175 Compensation Policy 99.1 Press release issued on October 5, 2020 X titled "Adobe Names Melanie Boulden to its Board of Directors" 2
--------------------------------------------------------------------------------
© Edgar Online, source