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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): March 17, 2020

 

IMAGE

McKESSON CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

1-13252

 

94-3207296

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

6555 State Hwy 161

Irving, TX 75039

(Address of Principal Executive Offices, and Zip Code)

(972) 446-4800

Registrant’s Telephone Number, Including Area Code

Not Applicable

(Former Name or Former Address, 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 (see General Instruction A.2. below):

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common stock, $0.01 par value

 

MCK

 

New York Stock Exchange

0.625% Notes due 2021

 

MCK21A

 

New York Stock Exchange

1.500% Notes due 2025

 

MCK25

 

New York Stock Exchange

1.625% Notes due 2026

 

MCK26

 

New York Stock Exchange

3.125% Notes due 2029

 

MCK29

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.  

 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

McKesson Corporation today announced Bansi Nagji, Executive Vice President and Chief Strategy and Business Development Officer, will step down as an executive officer effective March 31, 2020. Mr. Nagji has agreed to continue employment with the company for several weeks to assist with transition activities. In the context of the company headquarters move from San Francisco to Dallas, the Compensation Committee approved separation payments to Mr. Nagji in an amount equal to the amount he would be entitled to under the previously-disclosed Severance Policy for Executive Employees, but without offset for compensation from any new employment secured during the payment period. The terms of the policy are described in the Corporation’s proxy statement.


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.

Date: March 23, 2020

McKesson Corporation

     

By:

 

/s/ Lori A. Schechter

 

Lori A. Schechter

 

Executive Vice President, Chief Legal Officer

and General Counsel

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