Last August, Microsoft announced that it has signed a cooperation agreement with ValueAct Capital which owns approximately 0.8 percent of the outstanding shares of Microsoft common stock and is one of the company’s largest shareholders. The cooperation agreement provided for regular meetings between Mason Morfit, president of ValueAct Capital, and selected Microsoft directors and management to discuss a range of significant business issues. The agreement also gave ValueAct Capital the option of having Morfit join the Microsoft board of directors beginning at the first quarterly board meeting after the 2013 annual shareholders meeting. As a result, Microsoft yesterday announced that Mason Morfit has joined Microsoft’s board of directors and its audit committee. Read the full press release below. REDMOND, Wash. — March 11, 2014 — Microsoft Corp. announced Tuesday that Mason Morfit, president of ValueAct Capital, has been appointed to the company’s board of directors and its audit committee. “We’ve had the opportunity to work with Mason over the past six months, and we look forward to working with...

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