Leonardo DRS Appoints New CFO and Directors
Ticker: DRS · Form: 8-K · Filed: May 16, 2024 · CIK: 1833756
| Field | Detail |
|---|---|
| Company | Leonardo Drs, Inc. (DRS) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, board-changes, cfo-change
Related Tickers: DRS
TL;DR
DRS just swapped CFOs and added 2 board members. Deitch is the new CFO.
AI Summary
Leonardo DRS, Inc. announced on May 15, 2024, the election of two new directors, Ms. Sarah E. Hatto and Mr. David L. Van Hooser, to its Board of Directors. The company also reported on the departure of Mr. Michael J. Deitch from the Board. Additionally, the filing details the appointment of Mr. Michael J. Deitch as the new Chief Financial Officer, effective May 15, 2024, succeeding Mr. Paul R. Murphy.
Why It Matters
Changes in key leadership positions like CFO and board members can signal shifts in company strategy, financial oversight, or future direction.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance changes and executive appointments, which typically carry low inherent risk.
Key Players & Entities
- Leonardo DRS, Inc. (company) — Registrant
- Sarah E. Hatto (person) — Newly Elected Director
- David L. Van Hooser (person) — Newly Elected Director
- Michael J. Deitch (person) — Departing Director and Newly Appointed CFO
- Paul R. Murphy (person) — Outgoing CFO
- May 15, 2024 (date) — Effective date of appointments and departures
FAQ
Who are the new directors elected to the Board of Directors?
Ms. Sarah E. Hatto and Mr. David L. Van Hooser were elected as new directors.
Who has been appointed as the new Chief Financial Officer?
Mr. Michael J. Deitch has been appointed as the new Chief Financial Officer.
When were these changes effective?
The changes, including the appointment of the new CFO and election of directors, were effective as of May 15, 2024.
Who is Mr. Michael J. Deitch succeeding as CFO?
Mr. Michael J. Deitch is succeeding Mr. Paul R. Murphy as Chief Financial Officer.
Did any directors depart from the Board?
Yes, Mr. Michael J. Deitch departed from the Board of Directors.
Filing Stats: 997 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-05-16 16:15:54
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value DRS The Nasdaq Stock Market
Filing Documents
- drs-20240515.htm (8-K) — 59KB
- exhibit101.htm (EX-10.1) — 89KB
- exhibit102.htm (EX-10.2) — 180KB
- 0001628280-24-023788.txt ( ) — 491KB
- drs-20240515.xsd (EX-101.SCH) — 2KB
- drs-20240515_lab.xml (EX-101.LAB) — 20KB
- drs-20240515_pre.xml (EX-101.PRE) — 11KB
- drs-20240515_htm.xml (XML) — 2KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On May 15, 2024, the Company held its Annual Meeting. Set forth below are the final voting results for each of the proposals submitted to a vote of the stockholders at the Annual Meeting. Election of Directors Shares Voted For Shares Voted Against Withheld Broker Non-Votes William J. Lynn III 249,843,624 N/A 1,573,942 3,912,857 Frances F. Townsend 249,969,986 N/A 1,447,580 3,912,857 Gail S. Baker 250,761,350 N/A 656,216 3,912,857 Dr. Louis R. Brothers 250,768,672 N/A 648,894 3,912,857 David W. Carey 249,336,972 N/A 2,080,594 3,912,857 General George W. Casey, Jr. 250,763,399 N/A 654,167 3,912,857 Mary E. Gallagher 250,765,518 N/A 652,048 3,912,857 Kenneth J. Krieg 236,280,607 N/A 15,136,959 3,912,857 Eric Salzman 250,051,465 N/A 1,366,101 3,912,857 Shares Voted For Shares Voted Against Abstentions Broker Non-Votes Advisory Resolution Regarding Compensation of the Company's NEOs 250,541,067 755,296 121,203 3,912,857 Ratification of Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2024 255,204,772 67,207 58,444 N/A Approval of the Leonardo DRS, Inc. Employee Stock Purchase Plan 251,319,881 69,247 28,438 3,912,857 Approval of the Amendment and Restatement of the Leonardo DRS, Inc. 2022 Omnibus Equity Compensation Plan 250,467,618 861,989 87,959 3,912,857
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 10.1 Leonardo DRS, Inc. Employee Stock Purchase Plan (filed herewith) 10.2 Leonardo DRS, Inc. 2022 Omnibus Equity Compensation Plan (amended and restated effective May 15, 2024) (filed herewith) 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LEONARDO DRS, INC. (Registrant) Date: May 16, 2024 By: /s/ Mark A. Dorfman Mark A. Dorfman Executive Vice President, General Counsel and Secretary