Viacom 8-K 2007
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.):
Section 5 Corporate Governance and Management
(b) On February 21, 2007, Ellen Futter advised Viacom Inc. of her decision to resign as a member of the Board of Directors, effective April 12, 2007.
(d) On February 21, 2007, the Board of Directors of Viacom Inc. elected Blythe J. McGarvie as an independent member of the Board of Directors, effective April 12, 2007. Ms. McGarvie will serve on the Audit Committee, and the Board has determined that she qualifies as an Audit Committee Financial Expert, as that term is defined under the securities laws. William Schwartz will leave the Audit Committee in connection with Ms. McGarvies appointment.
Taking into account both actions, the number of directors serving on Viacoms Board of Directors remains at 11.
Ms. McGarvie will be compensated in accordance with Viacoms arrangements for compensation of outside directors, a summary of which is filed as Exhibit 10.7 to Viacoms Form 10-K for the fiscal year ended December 31, 2005 and which is incorporated herein by reference in its entirety.
A copy of the press release announcing Ms. McGarvies election is attached hereto as Exhibit 99 and is incorporated herein by reference in its entirety.
Section 9 Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.