VERIZON COMMUNICATIONS INC 8-K
Research Summary
AI-generated summary
Verizon Communications Inc. Director Clarence Otis, Jr. Not Seeking Re-Election
What Happened
Verizon Communications Inc. filed an 8-K (Item 5.02) on February 9, 2026, reporting that board member Clarence Otis, Jr. informed the company on February 4, 2026 that he will not stand for re-election when his term expires at Verizon’s 2026 annual meeting of shareholders.
Key Details
- Filing: Form 8-K filed February 9, 2026 (Item 5.02: Departure of Directors or Certain Officers).
- Notice date: Clarence Otis, Jr. informed Verizon on February 4, 2026.
- Effect: Otis will not stand for re-election at Verizon’s 2026 annual shareholder meeting (term ends at that meeting).
- The 8-K does not state a reason for his decision or identify a successor.
Why It Matters
A director’s decision not to stand for re-election is a governance change investors should note because it affects board composition and oversight. This 8-K is a formal disclosure of that change; investors should watch upcoming proxy materials for information about board nominees, any committee reassignments, and potential impacts on corporate governance. The filing provides no details about motives or replacement timing.