Alarm.com Holdings Inc. filed SEC Form 8-K: Leadership Update
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Election of New Director
On May 16, 2024, Alarm.com Holdings, Inc. (the “Company”) appointed Cecile B. Harper to serve as a Class III director on the Company’s Board of Directors (the “Board”) and as a member of the Nominating and Corporate Governance Committee of the Board (the “Nominating Committee”), each effective on May 17, 2024. Ms. Harper will serve for the term expiring at the Company’s 2024 Annual Meeting of Stockholders or until her earlier death, resignation or removal. The Board has determined that Ms. Harper meets the independence requirements for service on the Nominating Committee.
Ms. Harper, 61, has served as the Chief Financial Officer and Chief Operating Officer of the College Foundation of the University of Virginia since October 2019. Ms. Harper spent 26 years from December 1993 to September 2019 at Southeastern Asset Management (“Southeastern”), an investment management firm. As a principal at Southeastern, Ms. Harper built the external relationships and internal infrastructure related to the revenue side of the business through the firm’s significant expansion. She was responsible for new client development, client retention and growth, service and communications during her tenure. Before joining Southeastern, Ms. Harper worked in the consulting group at IBM and at McKinsey & Company as a business analyst. Ms. Harper holds an MBA from Harvard Business School and a B.A. from the University of Virginia.
Ms. Harper will be compensated in accordance with the Company’s standard compensation arrangements for non-employee directors, which are described in greater detail in the Company’s definitive proxy statement on Schedule 14A relating to its 2024 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission (the “Commission”) on April 23, 2024. Her cash compensation will be paid on a pro-rata basis for her time served on the Board and the Nominating Committee during calendar year 2024.
In connection with her appointment, Ms. Harper and the Company will enter into the Company’s standard form of indemnity agreement, the form of which was previously filed with the Commission as Exhibit 10.9 to Amendment No. 1 to the Company's Registration Statement on Form S-1 filed with the Commission on June 11, 2015.
Ms. Harper was not selected as a director pursuant to any arrangements or understandings with the Company or with any other person, and there are no related party transactions between the Company and Ms. Harper that would require disclosure under Item 404(a) of Regulation S-K.
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.
| Alarm.com Holdings, Inc. | |||
| Date: | May 21, 2024 | ||
| By: | /s/ Stephen Trundle | ||
| Stephen Trundle | |||
| Chief Executive Officer | |||