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AMGN > SEC Filings for AMGN > Form 8-K on 26-Jul-2013All Recent SEC Filings

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Form 8-K for AMGEN INC


Change in Directors or Principal Officers

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

(e) On July 26, 2013, the Compensation and Management Development Committee of the Board of Directors of Amgen Inc. (the "Company") approved a revision to the estimated value of post-retirement benefits to be provided to Mr. Kevin W. Sharer, the Company's former Chief Executive Officer and Chairman of the Board. As previously disclosed, the Company agreed to provide Mr. Sharer with secretarial, travel and technology support services for the five-year period commencing January 1, 2013 and ending December 31, 2017. As a result of modifications to the level of support to be provided, the estimated cost of the services is expected to be approximately $100,000 per year during this five-year period.

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