ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
In connection with Andrew R. Jassy's promotion to President and Chief Executive
Officer of Amazon.com, Inc. (the "Company"), which will occur on July 5, 2021,
the Board of Directors elected Mr. Jassy as a director of the Company effective
as of the date he becomes President and Chief Executive Officer. In connection
with Mr. Jassy's promotion, the Company approved a restricted stock unit award
under the Company's 1997 Stock Incentive Plan with respect to 61,000 shares of
common stock of the Company, which will be granted as of the date Mr. Jassy
becomes President and Chief Executive Officer and vest over ten years, and
approved providing Mr. Jassy with appropriate security arrangements. Mr. Jassy
also is entering into an indemnification agreement with the Company in the same
form as its other directors have entered, which is filed as an exhibit to
Amendment No. 1, filed April 21, 1997, to the Company's Registration Statement
on Form S-1 (Registration No. 333-23795).
Mr. Jassy joined the Company in 1997 and has held numerous leadership roles
across the Company. He has led Amazon Web Services since its inception as Senior
Vice President from April 2006 until April 2016 and as its CEO since April 2016.
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