Motorola Solutions (NYSE: MSI) adds 800,000 shares to 401(k) plan
Filing Impact
Filing Sentiment
Form Type
S-8
Rhea-AI Filing Summary
Motorola Solutions, Inc. is registering 800,000 shares of its common stock for issuance under the Motorola Solutions 401(k) Plan, along with an indeterminate amount of related plan interests. These shares will be available for eligible employees who participate in the company’s 401(k) retirement savings plan.
The company also details how its directors and officers are protected under Delaware law and its charter, including indemnification and advancement of expenses, and notes that it maintains directors’ and officers’ liability insurance. Standard undertakings are included regarding future amendments and incorporation by reference of its ongoing SEC reports into this registration.
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FAQ
What is Motorola Solutions (MSI) registering in this Form S-8?
Motorola Solutions is registering 800,000 shares of its common stock, par value $0.01 per share, that may be issued under the Motorola Solutions 401(k) Plan, plus an indeterminate amount of related plan interests.
Which employee benefit plan is covered by this Motorola Solutions (MSI) registration?
The registration relates to the Motorola Solutions 401(k) Plan, allowing shares of Motorola Solutions common stock and associated plan interests to be offered to eligible employee participants in that plan.
How does Motorola Solutions describe indemnification of its directors and officers?
Motorola Solutions describes indemnification provisions based on Delaware General Corporation Law and its charter, stating that, to the fullest extent permitted, directors and officers are protected against certain monetary damages and may be indemnified for expenses and losses arising from covered proceedings.
Does Motorola Solutions maintain insurance for directors and officers?
Yes. Motorola Solutions states that it maintains a directors’ and officers’ liability insurance policy providing coverage to its directors and officers, as authorized by its charter.
Who provided the legal opinion on the validity of the securities in this S-8 for MSI?
The validity of the common stock registered is addressed in an opinion by Kristin L. Kruska, Esq., Corporate Vice President, Transactions, Corporate & Securities Law and Secretary at Motorola Solutions.
How will future Motorola Solutions SEC reports relate to this S-8 registration?
Motorola Solutions states that documents it files under Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after this registration becomes effective will be incorporated by reference, becoming part of this registration statement until the registered securities are sold or deregistered.