KBR, INC. DEF 14A Filing

Ticker: KBR · Form: DEF 14A · Filed: Apr 1, 2024

Sentiment: neutral

Topics: DEF 14A, KBR, Inc., SEC Filing, Executive Compensation, Corporate Governance

TL;DR

<b>KBR, Inc. has filed its DEF 14A with the SEC, detailing corporate governance and executive compensation information.</b>

AI Summary

KBR, INC. (KBR) filed a Proxy Statement (DEF 14A) with the SEC on April 1, 2024. KBR, Inc. filed a DEF 14A with the SEC on April 1, 2024. The filing covers the period ending May 15, 2024. The company's fiscal year ends on December 29th. KBR, Inc. is incorporated in Delaware. The company's principal business address is 601 Jefferson Street, Suite 3400, Houston, TX 77002.

Why It Matters

For investors and stakeholders tracking KBR, INC., this filing contains several important signals. This DEF 14A filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions at the upcoming annual meeting. The document provides insights into the company's financial performance and strategic direction as reflected in executive incentives and awards.

Risk Assessment

Risk Level: low — KBR, INC. shows low risk based on this filing. The filing is a routine DEF 14A, which is standard disclosure for public companies and does not contain new material financial information or significant operational changes.

Analyst Insight

Review the executive compensation details and any shareholder proposals to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did KBR, INC. file this DEF 14A?

KBR, INC. filed this Proxy Statement (DEF 14A) with the SEC on April 1, 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 KBR, INC. (KBR).

Where can I read the original DEF 14A filing from KBR, 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 KBR, INC..

What are the key takeaways from KBR, INC.'s DEF 14A?

KBR, INC. filed this DEF 14A on April 1, 2024. Key takeaways: KBR, Inc. filed a DEF 14A with the SEC on April 1, 2024.. The filing covers the period ending May 15, 2024.. The company's fiscal year ends on December 29th..

Is KBR, INC. a risky investment based on this filing?

Based on this DEF 14A, KBR, INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard disclosure for public companies and does not contain new material financial information or significant operational changes.

What should investors do after reading KBR, INC.'s DEF 14A?

Review the executive compensation details and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.

How does KBR, INC. compare to its industry peers?

KBR, Inc. operates in the heavy construction sector, focusing on infrastructure and government solutions.

Are there regulatory concerns for KBR, INC.?

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for companies soliciting proxies from shareholders.

Industry Context

KBR, Inc. operates in the heavy construction sector, focusing on infrastructure and government solutions.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for companies soliciting proxies from shareholders.

What Investors Should Do

  1. Review the proxy statement for details on director nominations and voting matters.
  2. Analyze the executive compensation section to understand pay structures and performance metrics.
  3. Note any shareholder proposals and consider voting positions.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure document and does not represent a change from previous filings in terms of its nature.

Filing Stats: 4,340 words · 17 min read · ~14 pages · Grade level 14 · Accepted 2024-04-01 16:32:34

Key Financial Figures

Filing Documents

financial statements for the fiscal year ending January 3, 2025

financial statements for the fiscal year ending January 3, 2025. "FOR" Page 101 4. Transact any other business that properly comes before the meeting or any adjournment or postponement of the meeting. The Proxy Statement that follows describes these items. By Order of the Board of Directors, April 1, 2024 Sonia Galindo Executive Vice President, General Counsel & Corporate Secretary RECORD DATE The record date for determining which stockholders are entitled to cast votes at the virtual Annual Meeting and at any adjournment or postponement of the meeting is Wednesday, March 20, 2024. HOW TO VOTE Via the Internet at proxyvote.com (1) Mail your signed proxy card. Call toll-free (US/Canada) at 1-800-690-6903 (1) Virtually during the Annual Meeting through virtualshareholdermeeting.com/KBR2024. See page 102 for instructions. 1) If you hold your shares through a broker or bank rather than directly with KBR, check with your broker or bank to see if telephone or Internet voting is available to you. Voting via the Internet or toll - free call is open until 11:59 p.m. EDT on May 14. www.kbr.com 2024 Proxy Statement 4 Table of Contents Proxy Summary 6 Business Highlights 6 Financial Highlights 7 Sustainability Highlights 8 Information About the Board of Directors 9 Board Snapshot 10 Governance Highlights 11 Focus on Accountability 11 Independent and Engaged Board 11 Compensation Highlights 12 Corporate Governance 13 Proposal No. 1 Election of Directors 13 Our Board 13 Nominees for Director 14 Board and Governance Structure 19 Role of the Board of Directors 19 Our Board Leadership Structure 19 Director Independence 20 Committees of the Board 21 Enterprise Risk Management 27 ERM Framework 27 ERM Program 28 Board Oversight of ERM 28 Management Succession Planning 30 Board and Committee Evaluations 30 Board Refreshment 31 Process for Selecting New Directors 31

Executive Compensation Tables

Executive Compensation Tables 77 Summary Compensation 77 Grants of Plan-Based Awards 80 Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table 82 Outstanding Equity Awards at Fiscal Year End 84 Option Exercises and Stock Vested 85 Pension Benefits 86 Nonqualified Deferred Compensation 86 Severance and Change-in-Control Agreements 90 No Employment Agreements 92 CEO Pay Ratio 92 Pay Ratio Methodology and Calculation 92 Pay Versus Performance 93 Pay Versus Performance Table 93 Pay Versus Performance Relationship Disclosures 96 Important Financial Performance Measures 97

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 98 Audit Committee Report 99 Primary Responsibilities and 2023 Actions 99 Oversight of Independent Auditors 100 2023 Audited Financial Statements 100 Approved Principal Accountant Fees and Services 100 Proposal No. 3 Ratify the Appointment of Independent Registered Public Accounting Firm 101 General Information About KBR's Annual Meeting 102 Additional Information Available 106

Forward Looking Statements

Forward Looking Statements 106 Non-GAAP Financial Information 107 2024 Proxy Statement 5 Back to Contents Proxy Summary Business Highlights $10.5B 1.1x $331MM >75% Bookings and options awarded in 2023 – provides greater visibility of long-term growth targets Trailing twelve-months book-to-bill as of December 29, 2023 Operating cash flows generated in 2023 Work under contract for 2024 Launched Sustainable Aviation Fuel (SAF) Technology KBR partnered with Swedish Biofuels AB to extend our decarbonization and energy transition portfolio into the aviation sector with a differentiated SAF offering. In addition to processing ethanol, this technology can also convert carbon dioxide and synthesis gas to SAF, thereby expanding opportunities for KBR's clients to utilize captured carbon toward a cleaner, greener future. Pluto Train 1 LNG Facility in Western Australia KBR awarded the engineering, procurement, and construction management (EPCm) contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture, for modifications to Train 1 of Woodside's Pluto LNG facility, located near Karratha, Western Australia. The modifications will enable the processing of up to three million tonnes per annum of Scarborough gas and extend the life of the plant. Carbon Neutral Since 2019 On path toward operational net-zero carbon ambition by 2030. KBR's commitment to sustainability includes leveraging our expertise to help others achieve their sustainability goals, thus creating value for all stakeholders. One of The World's Top Companies for Women 2023 Forbes Magazine (Third Consecutive Year) KBR is one of 400 global companies to receive this prestigious award. H2ACT SM Hydrogen Technology Selected for World's First Commercial Ammonia Cracking Unit KBR awarded a license and engineering design contract by Hanwha Impact Corporation for the world's first commercial ammonia cracking unit using KBR's leading H2ACT SM technology in Dae

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