(AMZN) Elects Cornell Tech Dean Daniel Huttenlocher as Director

September 8, 2016 5:04 PM EDT

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a FREE trial here. (NASDAQ: AMZN) disclosed that on September 7, 2016, the Board of Directors elected Daniel P. Huttenlocher as a director of the Company, and also appointed him to the Leadership Development and Compensation Committee of the Board, effective as of September 7, 2016.

Mr. Huttenlocher has been Dean and Vice Provost, Cornell Tech at Cornell University since 2012, and has worked for Cornell University since 1988 in various positions. Mr. Huttenlocher has served as a director of Corning Incorporated since February 2015.

In connection with his election, Mr. Huttenlocher was granted a restricted stock unit award under the Company’s 1997 Stock Incentive Plan for 1,131 shares of common stock of the Company, to vest in three equal annual installments beginning on November 15, 2017, assuming continued service as a director. Mr. Huttenlocher has also entered into an indemnification agreement with the Company in the same form its other directors have entered, which is filed as an exhibit to Amendment No. 1, filed April 21, 1997, to the Company’s Registration Statement on Form S-1 (Registration No. 333-23795).

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