ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On October 16, 2020, the Board of Directors (the "Board") of Intuit Inc. ("Intuit") appointed Tekedra Mawakana as a director of Intuit, and the number of directors constituting the full Board was increased from eleven to twelve. Ms. Mawakana also was appointed to serve on the Compensation and Organizational Development Committee and the Nominating and Governance Committee of the Board.

Ms. Mawakana will receive compensation for services as a non-employee director of Intuit consistent with the compensation generally provided to other Intuit non-employee directors, as determined by the Board from time to time, and disclosed in our 2019 proxy statement, which was filed with the Securities and Exchange Commission on November 27, 2019, including a grant to Ms. Mawakana of restricted stock units with a grant date fair value of approximately $65,000 on October 19, 2020. There are no arrangements or understandings between Ms. Mawakana and any other persons pursuant to which she was selected as a director, and there are no transactions involving Intuit and Ms. Mawakana that Intuit would be required to report pursuant to Item 404(a) of Regulation S-K.

A copy of the press release announcing Ms. Mawakana's appointment is attached hereto as Exhibit 99.01.




ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits

     99.01               Press release issued on October 20, 2020, announcing appointment of
                       Tekedra Mawakana to the Board of Directors of Intuit Inc.
      104              Cover Page Interactive Data File (the cover page XBRL tags are embedded
                       within the inline XBRL document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses