UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
On January 23, 2020, the Board of Directors (the “Board”) of Premier, Inc. (the “Company”), upon the recommendation of the Compensation Committee of the Board in consultation with the Compensation Committee’s independent consultant, approved an amendment to the Company’s Directors’ Compensation Policy (the “Amended Policy”). The Amended Policy, effective January 23, 2020, amends and replaces the previous Directors’ Compensation Policy approved by the Board on June 14, 2019 and effective July 1, 2019 (the “Previous Policy”) by setting forth the compensation for the new position of Lead Independent Director.
As previously disclosed, on October 24, 2019, the Board adopted a Lead Independent Director Policy, providing for the appointment of a Lead Independent Director when the Chair of the Board is not independent. The Amended Policy establishes an annual retainer for the Lead Independent Director.
All other provisions of the Previous Policy remain unchanged in the Amended Policy.
The foregoing description of the Amended Policy is qualified in its entirety by reference to the terms of the Amended Policy, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 10.1 |
Premier, Inc. Directors’ Compensation Policy, as amended effective January 23, 2020 | |||
| 104 |
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) |
SIGNATURE
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.
| Premier, Inc. | ||
| By: |
/s/ Susan D. DeVore | |
| Name: |
Susan D. DeVore | |
| Title: |
Chief Executive Officer | |
Date: January 23, 2020