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Micron (MU) appoints Alexis Black Björlin to board and governance committee

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Micron Technology appointed Dr. Alexis Black Björlin to its board of directors, increasing the board to nine members, eight of whom are considered independent under Nasdaq rules. She will also serve on the Governance and Sustainability Committee.

As a non-employee director, Dr. Björlin will receive a pro rata portion of a $125,000 annual cash retainer and a grant on her appointment date equal to the pro rata portion of the annual restricted stock award valued at $250,000, under Micron’s 2025 Director Compensation Plan. The company states there are no related-party arrangements or family relationships tied to her selection and that she has no material interests in related-party transactions requiring disclosure.

Positive

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Negative

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Annual cash retainer for directors $125,000 Cash retainer for Micron non-employee board members under 2025 Director Compensation Plan
Annual restricted stock grant value $250,000 Value of annual restricted stock award for non-employee directors; Dr. Björlin receives pro rata portion
Board size after appointment 9 directors Total Micron board members following Alexis Black Björlin’s appointment
Independent directors count 8 independent directors Micron board members determined independent under Nasdaq rules after the appointment
independent director regulatory
"The Board has determined that Dr. Björlin is an independent director under the applicable rules of the Nasdaq Stock Market LLC"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Director Compensation Plan financial
"Dr. Björlin will participate in the Company’s 2025 Director Compensation Plan, which provides for cash and equity compensation for non-employee directors"
restricted stock financial
"a grant on the date of her appointment equal to the pro rata portion of the annual grant of restricted stock, valued at $250,000"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
indemnification agreement regulatory
"Dr. Björlin will also enter into the Company’s standard form of indemnification agreement"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Nasdaq Global Select Market market
"Common Stock, par value $0.10 per share | | MU | | Nasdaq Global Select Market"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

June 9, 2026

Date of Report (date of earliest event reported)

 

 

 

Micron Technology, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   1-10658   75-1618004
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

8000 South Federal Way

Boise, Idaho 83716-9632

  (Address of principal executive offices and Zip Code)  

 

(208) 368-4000

  (Registrant’s telephone number, including area code)  

 

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:

 

¨Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications 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   Name of each exchange on which registered
Common Stock, par value $0.10 per share   MU   Nasdaq Global Select Market

 

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

 

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.

 

On June 9, 2026, the Board of Directors (“Board”) of Micron Technology, Inc. (the “Company”) appointed Alexis Black Björlin as a member of the Board. The Board has determined that Dr. Björlin is an independent director under the applicable rules of the Nasdaq Stock Market LLC (the “Independence Rules”). Following the appointment of Dr. Björlin, the Board will have a total of nine directors, of which eight are determined to be independent under the Independence Rules. Dr. Björlin has also been appointed to the Governance and Sustainability Committee of the Board.

 

Dr. Björlin will participate in the Company’s 2025 Director Compensation Plan, which provides for cash and equity compensation for non-employee directors, including (i) pro rata portion of a cash retainer of $125,000 for her service as a member of the Board and (ii) a grant on the date of her appointment equal to the pro rata portion of the annual grant of restricted stock, valued at $250,000. Dr. Björlin will also enter into the Company’s standard form of indemnification agreement.

 

There is no arrangement or understanding between Dr. Björlin and any other person pursuant to which she was selected as a director, and there is no family relationship between Dr. Björlin and any of the Company’s other directors or executive officers. Dr. Björlin does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. On June 9, 2026, the Company issued a press release announcing the appointment of Dr. Björlin as director. The press release is attached as Exhibit 99.1 to this report.

 

Item 9.01. Financial Statements and Exhibits. 

 

(d) Exhibits. 

 

Exhibit No.    Description 
     
99.1    Press Release dated June 9, 2026
     
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)   

 

 

 

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.

 

    MICRON TECHNOLOGY, INC.
       
Date: June 9, 2026 By: /s/ Michael Ray
    Name: Michael Ray
    Title: Senior Vice President, Chief Legal Officer and Corporate Secretary

 

 

 

 

Exhibit 99.1

 

 

 

Micron Appoints Alexis Black Björlin to Board of Directors

 

BOISE, Idaho, June 9, 2026 Micron Technology, Inc. (Nasdaq: MU) today announced the appointment of Dr. Alexis Black Björlin to its board of directors.

 

Dr. Björlin is a highly accomplished technology executive with deep experience spanning artificial intelligence infrastructure, cloud platforms, semiconductors, networking and optical systems. She is currently Chief Strategy Officer at General Catalyst. Previously, Dr. Björlin served as senior vice president and general manager of DGX Cloud at NVIDIA. She has also held senior leadership roles at several other leading technology companies, including vice president of infrastructure at Meta Platforms, senior vice president and general manager of the Optical Systems division at Broadcom, corporate vice president of Intel’s Data Center Group and president of Source Photonics.

 

Dr. Björlin has served on the boards of Digital Realty, Astera Labs, Celestial AI, and the Global Semiconductor Alliance.

 

“Alexis is a respected technology and business leader with exceptional expertise at the intersection of AI infrastructure, cloud systems and semiconductors,” said Sanjay Mehrotra, Chairman, President and CEO of Micron. “Her experience leading large-scale technology platforms and advancing some of the industry’s most important innovations will be a tremendous asset to Micron. We are very pleased to welcome Alexis to our board and look forward to the insight she will bring as we continue to build on our technology leadership and capture the significant opportunities ahead.”

 

“I am delighted to welcome Alexis to the Micron board of directors,” said Lynn Dugle, Micron’s lead independent director. “Alexis brings a rare combination of technical depth, strategic vision and operating experience across some of the world’s most important technology companies. I am confident she will contribute to our board’s work and to Micron’s long-term success.”

 

Dr. Björlin holds a Bachelor of Science in materials science and engineering from the Massachusetts Institute of Technology and a Ph.D. in materials science from the University of California, Santa Barbara.

 

 

 

 

About Micron Technology, Inc.

 

Micron Technology, Inc. is an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

 

© 2026 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

 

Micron Media Relations Contact

Mark Plungy Micron Technology, Inc.

+1 (408) 203-2910

corpcomms@micron.com

 

Micron Investor Relations Contact

Satya Kumar Micron Technology, Inc.

+1 (408) 450-6199

satyakumar@micron.com

 

 

FAQ

What did Micron Technology (MU) announce in this 8-K filing?

Micron Technology announced the appointment of Dr. Alexis Black Björlin to its board of directors. The filing explains her new board and committee roles, compensation structure, and confirms there are no related-party arrangements or material related-party transactions connected with her selection.

Who is Alexis Black Björlin, newly appointed to Micron’s (MU) board?

Alexis Black Björlin is a technology executive with experience in AI infrastructure, cloud platforms, semiconductors, networking and optical systems. She has held senior roles at NVIDIA, Meta, Broadcom, Intel and Source Photonics, and currently serves as Chief Strategy Officer at General Catalyst and on several technology company boards.

How will Micron (MU) compensate Alexis Black Björlin as a director?

As a non-employee director, Alexis Black Björlin will receive a pro rata share of a $125,000 annual cash retainer and a grant on her appointment date equal to the pro rata portion of an annual restricted stock award valued at $250,000, under Micron’s 2025 Director Compensation Plan.

Is Alexis Black Björlin considered an independent director at Micron (MU)?

Micron’s board determined that Alexis Black Björlin qualifies as an independent director under Nasdaq Stock Market rules. Following her appointment, the board has nine members in total, eight of whom are classified as independent according to these applicable independence standards.

What board committee will Alexis Black Björlin join at Micron (MU)?

Alexis Black Björlin has been appointed to Micron’s Governance and Sustainability Committee. This committee typically oversees corporate governance practices and sustainability-related matters, and her technology and strategic background is expected to support the board’s work in these oversight areas.

Filing Exhibits & Attachments

4 documents