UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________
FORM 8-K
_______________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 15, 2019
THE INTERPUBLIC GROUP OF COMPANIES, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)
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:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
(d) On October 15, 2019, The Interpublic Group of Companies, Inc. (the “Company”) appointed Linda S. Sanford as an independent member of the Company’s Board of Directors, effective immediately. Ms. Sanford will also serve on each of the Company’s Audit and Corporate Governance Committees. With the appointment of Ms. Sanford, the Company’s Board will consist of twelve directors.
Ms. Sanford’s compensation for her service as a director will be consistent with that of the Company's other non-management directors, as described in the Company’s proxy statement, filed with the Securities and Exchange Commission on April 12, 2019, under “Non-Management Director Compensation.”
A copy of the Company’s press release relating to this director appointment is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description |
Press Release dated October 15, 2019, issued by the Company. | |
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURES
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.
THE INTERPUBLIC GROUP OF COMPANIES, INC. | |
Date: October 16, 2019 | By: /s/ Andrew Bonzani |
Name: Andrew Bonzani Title: Executive Vice President, General Counsel and Secretary | |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Linda Sanford Joins Interpublic Board of Directors
Board Is Now One Third Female
New York, NY - October 15, 2019 - Interpublic Group (NYSE: IPG) today announced the appointment of Linda Sanford as an independent director of IPG, effective immediately. Ms. Sanford’s appointment expands IPG’s board to 12 directors, 11 of whom are independent. It also increases the number of women on the board to four, or one third of the total directors.
Ms. Sanford retired from IBM in 2014, where she had been one of the company’s highest-ranking women and one of the technology sector’s senior-most executives. Prior to retirement, Sanford had been the Senior Vice President, Enterprise Transformation for IBM. In this role, she was responsible for working across IBM to transform core business processes, create an IT infrastructure to support those processes, and help create a culture that fosters innovation.
Sanford is a member of the Women in Technology International Hall of Fame and the National Academy of Engineering. She has been named one of the 50 Most Influential Women in Business by Fortune magazine, one of the Top Ten Innovators in the Technology Industry by Information Week magazine, one of the Ten Most Influential Women in Technology by Working Woman magazine, and one of the Top 15 Women in Business by PINK magazine. Sanford co-authored “Let Go To Grow: Escaping the Commodity Trap,” a book that details how successful companies are pursuing strategies to drive long-term growth and innovation.
Interpublic Group 909 Third Avenue New York, NY 10022 212-704-1200
Exhibit 99.1
“We are thrilled to have someone of Linda’s stature and experience join IPG’s Board of Directors,” noted Michael Roth, Chairman and CEO of IPG. “Her understanding of and expertise in the technology sector will be invaluable assets to our board and to IPG as we continue to evolve in an ever-changing environment where business transformation and data governance are key to our clients’ marketing needs. Linda is also a top strategist and an innovative thinker - we’re lucky to have her,” he continued.
Ms. Sanford serves on the Board of Directors of RELX Group, Consolidated Edison Inc. and Pitney Bowes Inc. She is also on the Board of the New York Hall of Science. She formerly served on the boards of St. John’s University, Rensselaer Polytechnic Institute, The State University of New York, The Business Council of New York State, and The Partnership for New York City.
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About Interpublic
Interpublic is values-based, data-fueled, and creatively-driven. Major global brands include Acxiom, Craft, FCB (Foote, Cone & Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton, MAGNA, McCann, Momentum, MRM//McCann, MullenLowe Group, Octagon, R/GA, UM and Weber Shandwick. Other leading brands include Avrett Free Ginsberg, Campbell Ewald, Carmichael Lynch, Deutsch, Hill Holliday, ID Media and The Martin Agency. For more information, please visit www.interpublic.com.
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Contact Information
Tom Cunningham
(Press)
(212) 704-1326
Jerry Leshne
(Analysts, Investors)
(212) 704-1439
Interpublic Group 909 Third Avenue New York, NY 10022 212-704-1200