secwatch.observer — SEC 8-K summary
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Issuer:     ADOBE INC. (ADBE)
CIK:        0000796343
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0000796343-22-000011
Event type: leadership
Sentiment:  positive
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adobe appoints Walmart CFO Brett Biggs and Netflix CFO Spencer Neumann to board
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- Appointed Brett Biggs (EVP & CFO, Walmart) and Spencer Neumann (CFO, Netflix) to the board, effective Jan 7, 2022.
- Board size increased from 11 to 12 members after Jim Daley's retirement announced in November 2021.
- Both new directors appointed to the Audit Committee; each received an initial grant of 137 RSUs.
- No transactions involving either director exceeding $120,000 in the past fiscal year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796343/000079634322000011/0000796343-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796343/000079634322000011/adbe-20220107.htm
  HTML page:      https://secwatch.observer/filing/0000796343-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer