This just in, two pieces of news from Microsoft’s board of directors this afternoon …
Microsoft board member Raymond Gilmartin, who has been a director of the company for more than a decade, has decided not to seek re-election at the company’s upcoming shareholder meeting. The former Merck CEO is 71 years old and is reducing his personal commitments, according to a Microsoft news release announcing his planned departure.
The board will have 10 members after Gilmartin leaves. The company isn’t giving any indication of plans to put someone else up for election to replace him.
Separately, Microsoft is boosting its quarterly dividend by 3 cents a share to 23 cents. The company says the dividend will be payable Dec 3 to shareholders of record as of Nov. 15.