Huntington Ingalls Industries, Inc. Files Definitive Proxy Statement

Ticker: HII · Form: DEF 14A · Filed: 2024-03-19T00:00:00.000Z

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Huntington Ingalls Industries, Executive Compensation, Corporate Governance

TL;DR

<b>Huntington Ingalls Industries, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

HUNTINGTON INGALLS INDUSTRIES, INC. (HII) filed a Proxy Statement (DEF 14A) with the SEC on March 19, 2024. Filing Type: DEF 14A (Definitive Proxy Statement). Reporting Period: Fiscal year ending December 31, 2023. Filed As Of Date: March 19, 2024. Company Name: Huntington Ingalls Industries, Inc. Primary SIC Code: 3730 (Ship & Boat Building & Repairing).

Why It Matters

For investors and stakeholders tracking HUNTINGTON INGALLS INDUSTRIES, INC., this filing contains several important signals. This filing provides detailed information on executive compensation, board of directors, and shareholder proposals, which are crucial for investors to understand governance and potential future strategic decisions. As a major defense contractor, the company's proxy statement is important for stakeholders to assess management's alignment with shareholder interests and the company's operational and financial health.

Risk Assessment

Risk Level: low — HUNTINGTON INGALLS INDUSTRIES, INC. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or significant strategic shifts, indicating a low level of immediate risk or change.

Analyst Insight

Review the executive compensation details and any shareholder proposals to understand potential impacts on future company strategy and governance.

Key Numbers

2023-12-31 — Fiscal Year End (Reporting period)
2024-03-19 — Filing Date (Date of submission)
2024-05-01 — Period of Report (Conformed period of report)
3730 — SIC Code (Standard Industrial Classification)

Key Players & Entities

HUNTINGTON INGALLS INDUSTRIES, INC. (company) — Filer name
DEF 14A (filing) — Form type
2024-03-19 (date) — Filing date
2024-05-01 (date) — Report period
001-34910 (filing) — SEC file number
3730 (industry) — Standard Industrial Classification
Newport News, VA (location) — Business address
C.MichaelPetters (person) — Director mentioned in executive compensation tables

FAQ

When did HUNTINGTON INGALLS INDUSTRIES, INC. file this DEF 14A?

HUNTINGTON INGALLS INDUSTRIES, INC. filed this Proxy Statement (DEF 14A) with the SEC on March 19, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by HUNTINGTON INGALLS INDUSTRIES, INC. (HII).

Where can I read the original DEF 14A filing from HUNTINGTON INGALLS INDUSTRIES, INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HUNTINGTON INGALLS INDUSTRIES, INC..

What are the key takeaways from HUNTINGTON INGALLS INDUSTRIES, INC.'s DEF 14A?

HUNTINGTON INGALLS INDUSTRIES, INC. filed this DEF 14A on March 19, 2024. Key takeaways: Filing Type: DEF 14A (Definitive Proxy Statement).. Reporting Period: Fiscal year ending December 31, 2023.. Filed As Of Date: March 19, 2024..

Is HUNTINGTON INGALLS INDUSTRIES, INC. a risky investment based on this filing?

Based on this DEF 14A, HUNTINGTON INGALLS INDUSTRIES, INC. presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or significant strategic shifts, indicating a low level of immediate risk or change.

What should investors do after reading HUNTINGTON INGALLS INDUSTRIES, INC.'s DEF 14A?

Review the executive compensation details and any shareholder proposals to understand potential impacts on future company strategy and governance. The overall sentiment from this filing is neutral.

How does HUNTINGTON INGALLS INDUSTRIES, INC. compare to its industry peers?

Huntington Ingalls Industries operates in the ship and boat building and repairing industry, a sector critical to national defense and maritime operations.

Are there regulatory concerns for HUNTINGTON INGALLS INDUSTRIES, INC.?

As a defense contractor, the company is subject to various regulations and oversight from government agencies, impacting its operations and contract awards.

Industry Context

Huntington Ingalls Industries operates in the ship and boat building and repairing industry, a sector critical to national defense and maritime operations.

Regulatory Implications

As a defense contractor, the company is subject to various regulations and oversight from government agencies, impacting its operations and contract awards.

What Investors Should Do

Analyze the compensation packages for named executive officers.
Review any shareholder proposals and management's recommendations.
Examine the composition and independence of the Board of Directors.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure of proxy information and does not represent a change from previous filings of the same type.

From the Filing

0001193125-24-071268.txt : 20240319 0001193125-24-071268.hdr.sgml : 20240319 20240319160327 ACCESSION NUMBER: 0001193125-24-071268 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 62 CONFORMED PERIOD OF REPORT: 20240501 FILED AS OF DATE: 20240319 DATE AS OF CHANGE: 20240319 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUNTINGTON INGALLS INDUSTRIES, INC. CENTRAL INDEX KEY: 0001501585 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 900607005 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-34910 FILM NUMBER: 24762993 BUSINESS ADDRESS: STREET 1: 4101 WASHINGTON AVENUE STREET 2: 909-7, 7J2 CITY: NEWPORT NEWS STATE: VA ZIP: 23607 BUSINESS PHONE: (757) 380-2000 MAIL ADDRESS: STREET 1: 4101 WASHINGTON AVENUE STREET 2: 909-7, 7J2 CITY: NEWPORT NEWS STATE: VA ZIP: 23607 FORMER COMPANY: FORMER CONFORMED NAME: Huntington Ingalls Industries, Inc. DATE OF NAME CHANGE: 20101124 FORMER COMPANY: FORMER CONFORMED NAME: New Ships, Inc. DATE OF NAME CHANGE: 20101006 FORMER COMPANY: FORMER CONFORMED NAME: NEW S HOLDCO, INC. DATE OF NAME CHANGE: 20100917 DEF 14A 1 d542037ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false 0001501585 0001501585 2023-01-01 2023-12-31 0001501585 2021-01-01 2021-12-31 0001501585 2022-01-01 2022-12-31 0001501585 2020-01-01 2020-12-31 0001501585 hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:FairValueAtTheEndOfThePriorYearOfEquityAwardsThatFailedToMeetVestingConditionsInTheYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:ValueOfDividendsOrOtherEarningsPaidOnStockOrOptionAwardsNotOtherwiseReflectedInFairValueMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:PriorServiceCostMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheYearMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:FairValueAtTheEndOfThePriorYearOfEquityAwardsThatFailedToMeetVestingConditionsInTheYearMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:ValueOfDividendsOrOtherEarningsPaidOnStockOrOptionAwardsNotOtherwiseReflectedInFairValueMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:PensionBenefitAdjustmentsMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:PriorServiceCostMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:ServiceCostMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:EquityAwardAdjustmentsMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:EquityAwardsAdjustmentsChangeInFairValueAsOfVestingDateOfPriorYearAwardsVestedDuringCurrentYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:EquityAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:YearEndFairValueOfEquityAwardsMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001501585 hii:PensionBenefitAdjustmentsMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:ServiceCostMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:YearEndFairValueOfEquityAwardsMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:EquityAwardAdjustmentsMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:EquityAwardsAdjustmentsChangeInFairValueAsOfVestingDateOfPriorYearAwardsVestedDuringCurrentYearMember ecd:PeoMember hii:C.MichaelPettersMember 2020-01-01 2020-12-31 0001501585 hii:EquityAwardsAdjustmentsChangeInFairValueAsOfYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember ecd:PeoMemb