Boeing CEO Departs, Interim CEO Appointed, CFO Agreement
Ticker: BA-PA · Form: 8-K · Filed: Sep 20, 2024 · CIK: 12927
| Field | Detail |
|---|---|
| Company | Boeing Co (BA-PA) |
| Form Type | 8-K |
| Filed Date | Sep 20, 2024 |
| Risk Level | high |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $5.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-compensation, management-transition
Related Tickers: BA
TL;DR
Boeing CEO Calhoun out, Shanahan interim CEO, West's CFO deal locked in. Big leadership shakeup.
AI Summary
Boeing Co. announced on September 20, 2024, changes in its board of directors and executive compensation. Specifically, David L. Calhoun, the CEO, is departing, and the company has appointed Edward L. Shanahan as interim CEO. Additionally, Boeing has entered into a new employment agreement with its Chief Financial Officer, Brian J. West, effective September 20, 2024.
Why It Matters
This filing signals significant leadership changes at Boeing, including the departure of its CEO, which could impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: high — The departure of a CEO and significant leadership changes often introduce uncertainty and potential strategic shifts, increasing risk.
Key Players & Entities
- Boeing Co. (company) — Registrant
- David L. Calhoun (person) — Departing CEO
- Edward L. Shanahan (person) — Interim CEO
- Brian J. West (person) — Chief Financial Officer
- September 20, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the interim CEO of Boeing?
Edward L. Shanahan has been appointed as the interim CEO of Boeing.
When is the effective date of the new employment agreement for Brian J. West?
The new employment agreement for Brian J. West is effective September 20, 2024.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Boeing's state of incorporation?
Boeing's state of incorporation is Delaware.
What is Boeing's principal executive office address?
Boeing's principal executive office is located at 929 Long Bridge Drive, Arlington, VA 22202.
Filing Stats: 398 words · 2 min read · ~1 pages · Grade level 11.9 · Accepted 2024-09-20 17:27:37
Key Financial Figures
- $5.00 — ange on which registered Common Stock, $5.00 Par Value BA New York Stock Exchange
Filing Documents
- ba-20240920.htm (8-K) — 23KB
- 0000012927-24-000064.txt ( ) — 145KB
- ba-20240920.xsd (EX-101.SCH) — 2KB
- ba-20240920_lab.xml (EX-101.LAB) — 22KB
- ba-20240920_pre.xml (EX-101.PRE) — 13KB
- ba-20240920_htm.xml (XML) — 3KB
From the Filing
ba-20240920 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 Date of Report (Date of Earliest Event Reported): September 20, 2024 THE BOEING COMPANY (Exact name of registrant as specified in its charter) Delaware 1-442 91-0425694 (State or other jurisdiction of incorporation or organization) (Commission file number) (I.R.S. Employer Identification No.) 929 Long Bridge Drive , Arlington , VA 22202 (Address of principal executive offices) (Zip Code) ( 703 ) 465-3500 (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(s) Name of each exchange on which registered Common Stock, $5.00 Par Value BA New York Stock Exchange 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. Theodore Colbert III ceased to serve as an elected officer of The Boeing Company and as President and Chief Executive Officer of Boeing Defense, Space & Security, effective September 20, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. THE BOEING COMPANY By: /s/ John C. Demers John C. Demers Vice President, Assistant General Counsel and Corporate Secretary Dated: September 20, 2024