This excerpt taken from the RL 8-K filed May 25, 2007.
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On May 23, 2007, Robert C. Wright, Vice Chairman and Executive Officer of General Electric Company (GE) was elected to fill a seat on the Board of Directors of Polo Ralph Lauren Corporation (the Company). In accordance with the Companys Amended and Restated Certificate of Incorporation, Mr. Wright was elected to the Board of Directors by the directors who were themselves elected by the holders of the Companys publicly traded Class B Common Stock, par value $0.01, at the last annual meeting of stockholders of the Company. With the addition of Mr. Wright to the Board of Directors of the Company, the number of directors constituting the entire Board of Directors is now twelve.
Currently, Mr. Wright serves as the Vice Chairman of GEs board, an Executive Officer and a member of the Corporate Executive Office of GE. Mr. Wright joined NBC as President and Chief Executive Officer in 1986, and was made Chairman and Chief Executive Officer of the network in June 2001. He then served as Chairman and Chief Executive Officer of NBC Universal from May 2004 to February 6, 2007, and continued to serve as Chairman of the NBC Universal board of directors until May 1, 2007. Prior to his association with NBC and NBC Universal, Mr. Wright served as President of General Electric Financial Services and, before that, as President of Cox Cable Communications.
Upon joining the Board of Directors, Mr. Wright will receive an initial grant of options to purchase 7,500 shares of the Companys Class A Common Stock under an option agreement with the Company.
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.