Bristol-Myers Squibb Company 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934
Date of Report (Date of earliest event reported): December 4, 2007
BRISTOL-MYERS SQUIBB COMPANY
(Exact Name of Registrant as Specified in its Charter)
345 Park Avenue
New York, NY, 10154
(Address of Principal Executive Office)
Registrants telephone number, including area code: (212) 546-4000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
(d) On December 4, 2007, the Companys Board of Directors, upon the recommendation of the Committee on Directors and Corporate Governance, elected Alan J. Lacy to serve as a member of the Board of Directors. His election is effective January 2, 2008. The size of the Board of Directors was increased to ten in connection with Mr. Lacys election.
Mr. Lacy serves as a senior advisor to Oak Hill Capital Partners, L.P., a private equity investment firm. The Board of Directors has determined that Mr. Lacy is independent under the New York Stock Exchange Listing Standards and the under the independence standards adopted by the Board of Directors. Mr. Lacy will serve as a member of the Audit Committee. He will stand for election by the Companys stockholders at the Annual Meeting of Stockholders in May 2008.
Mr. Lacy was not selected as a director pursuant to any arrangement or understanding between him and any other person. There are no related party transactions between the Company and Mr. Lacy.
Mr. Lacy will receive compensation for his services on the Board of Directors and the Audit Committee in accordance with the Companys standard compensatory arrangement for non-employee directors, including an annual retainer of $55,000, a per meeting fee of $2,000 and an annual award of 3,500 deferred share units under the 1987 Deferred Compensation Plan for Non-Employee Directors.
A copy of the press release announcing Mr. Lacys election is attached to this report as Exhibit 99.1.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.