Microsoft Corp

Microsoft reported under Item 5.02 that director Emma N. Walmsley, who has served on the Board since 2019, told the company on November 4, 2026 that she will not stand for re-election at the 2026 annual shareholder meeting. She will remain a director until that meeting. The filing states her decision is not due to any disagreement with management on operations, policies, or practices.

1. 1.Director Emma N. Walmsley, a Board member since 2019, will not stand for re-election at the 2026 annual shareholder meeting, so the Board will lose a member at that meeting.
2. 2.She will continue to serve as a director until the Annual Meeting.
3. 3.The filing names no successor and gives no information on any change to Board size or committee roles.

1. 1.The filing identifies no specific risks; it states the departure is not due to any disagreement with management over operations, policies, or practices.
2. 2.The filing does not say who will replace Ms. Walmsley or whether the Board will change in size, so the impact on Board composition is unclear.