Northrop Grumman Reports Executive Changes & Compensation Arrangements

Ticker: NOC · Form: 8-K · Filed: 2024-02-20T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, compensation, 8-K

TL;DR

**Northrop Grumman just filed an 8-K about executive changes and compensation, so keep an eye out for details on who's in/out and how pay is shifting.**

AI Summary

Northrop Grumman Corporation filed an 8-K on February 20, 2024, reporting an event that occurred on February 14, 2024. The filing pertains to Item 5.02, specifically regarding the departure or election of directors or certain officers and compensatory arrangements for certain officers. This indicates potential changes in leadership or executive compensation at the company.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or financial health, impacting investor confidence and future company direction.

Risk Assessment

Risk Level: medium — Changes in executive leadership can introduce uncertainty regarding future company strategy and performance, posing a medium risk.

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on February 14, 2024.

When was this 8-K filed with the SEC?

This 8-K was filed with the SEC on February 20, 2024.

What specific items of the 8-K form are covered in this filing?

The filing covers Item 5.02, which relates to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.

What is the full legal name of the registrant?

The exact name of the registrant as specified in its charter is NORTHROP GRUMMAN CORPORATION.

Where are Northrop Grumman Corporation's principal executive offices located?

Northrop Grumman Corporation's principal executive offices are located at 2980 Fairview Park Drive, Falls Church, VA 22042.

From the Filing

0001133421-24-000009.txt : 20240220 0001133421-24-000009.hdr.sgml : 20240220 20240220164300 ACCESSION NUMBER: 0001133421-24-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240214 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHROP GRUMMAN CORP /DE/ CENTRAL INDEX KEY: 0001133421 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 800640649 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16411 FILM NUMBER: 24654268 BUSINESS ADDRESS: STREET 1: 2980 FAIRVIEW PARK DRIVE STREET 2: C/O NORTHROP GRUMMAN CORP CITY: FALLS CHURCH STATE: VA ZIP: 22042 BUSINESS PHONE: 703-280-2900 MAIL ADDRESS: STREET 1: 2980 FAIRVIEW PARK DRIVE STREET 2: C/O NORTHROP GRUMMAN CORP CITY: FALLS CHURCH STATE: VA ZIP: 22042 FORMER COMPANY: FORMER CONFORMED NAME: NNG INC DATE OF NAME CHANGE: 20010129 8-K 1 noc-20240214.htm FORM 8-K noc-20240214 false NORTHROP GRUMMAN CORP /DE/ 0001133421 0001133421 2023-02-15 2023-02-15 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) February 14, 2024 NORTHROP GRUMMAN CORPORATION (Exact name of registrant as specified in its charter)   Delaware 1-16411 80-0640649 (State or Other Jurisdiction of Incorporation or Organization)   (Commission File Number)   (IRS Employer Identification Number) 2980 Fairview Park Drive , Falls Church , VA 22042 (Address of principal executive offices)(Zip Code) ( 703 ) 280-2900 (Registrant’s telephone number, including area code) (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)) 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 NOC 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. (e) On February 14, 2024, the Compensation and Human Capital Committee and the Board of Directors of Northrop Grumman Corporation (the "Company") approved the following compensation-related actions for the Company's named executive officers. • Approved the 2024 goals under the 2006 Annual Incentive Plan and Incentive Compensation Plan, as amended a

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