General Dynamics Reports Officer Compensation, Board Changes

TL;DR

**General Dynamics just updated executive pay and board info, watch for strategic shifts.**

AI Summary

General Dynamics Corporation filed an 8-K on January 5, 2024, reporting changes in compensatory arrangements for certain officers and the departure or election of directors. This filing indicates potential shifts in executive compensation structures and board composition, which could influence future strategic decisions and financial performance. Investors should monitor these changes as they may reflect evolving governance and incentive alignment within the company, impacting long-term shareholder value.

Why It Matters

Changes in executive compensation and board composition can signal shifts in company strategy and governance, directly influencing investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing is routine for reporting changes in governance and compensation, not indicating immediate financial distress or major operational risks.

Analyst Insight

Investors should review the full details of the compensatory arrangements and board changes once available to understand their potential impact on company strategy and executive incentives.

Key Players & Entities

• GENERAL DYNAMICS CORP (company) — the registrant filing the 8-K
• January 5, 2024 (date) — date of earliest event reported and filing date
• Delaware (company) — state of incorporation for General Dynamics Corporation
• 1-3671 (dollar_amount) — Commission File Number for General Dynamics Corporation
• 13-1673581 (dollar_amount) — IRS Employer Identification No. for General Dynamics Corporation
• 11011 Sunset Hills Road, Reston, Virginia 20190 (company) — address of Principal Executive Offices for General Dynamics Corporation
• (703) 876-3000 (dollar_amount) — Registrant’s Telephone Number for General Dynamics Corporation

FAQ

From the Filing

0001193125-24-003197.txt : 20240105 0001193125-24-003197.hdr.sgml : 20240105 20240105133859 ACCESSION NUMBER: 0001193125-24-003197 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240105 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240105 DATE AS OF CHANGE: 20240105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL DYNAMICS CORP CENTRAL INDEX KEY: 0000040533 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 131673581 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03671 FILM NUMBER: 24515531 BUSINESS ADDRESS: STREET 1: 11011 SUNSET HILLS RD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-876-3000 MAIL ADDRESS: STREET 1: 11011 SUNSET HILLS RD CITY: RESTON STATE: VA ZIP: 20190 8-K 1 d694977d8k.htm 8-K 8-K GENERAL DYNAMICS CORP false 0000040533 0000040533 2024-01-05 2024-01-05       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) January 5, 2024 (January 5, 2024)     GENERAL DYNAMICS CORPORATION (Exact Name of Registrant as Specified in Its Charter)       Delaware   1-3671   13-1673581 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   11011 Sunset Hills Road , Reston , Virginia   20190 (Address of Principal Executive Offices)   (Zip Code) (703) 876-3000 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, If Changed Since Last Report.)     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)) 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. ☐ Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of each exchange on which registered Common Stock   GD   New York Stock Exchange       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 5, 2024, General Dynamics Corporation (the “company”) issued a press release announcing:     •   Mark C. Roualet, Executive Vice President, Combat Systems, informed the company of his intent to retire on April 30, 2024;     •   Jason W. Aiken, currently Executive Vice President, Technologies, and Chief Financial Officer, wi