L3Harris Elects New Directors, Adjusts Officer Compensation

Ticker: LHX · Form: 8-K · Filed: 2024-04-10T00:00:00.000Z

Sentiment: neutral

Topics: governance, board-of-directors, executive-compensation

TL;DR

L3Harris adds two new directors to the board and updates exec pay plans.

AI Summary

L3Harris Technologies, Inc. announced on April 10, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Michael T. Strianese and David M. Young, to its Board of Directors, effective immediately. The filing also details compensatory arrangements for certain officers, though specific dollar amounts for these arrangements are not provided in this summary section.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and compensation, which typically carry low inherent risk.

Key Players & Entities

FAQ

Who are the newly elected directors to L3Harris Technologies' Board?

Michael T. Strianese and David M. Young were elected as new directors to the Board of Directors of L3Harris Technologies, Inc.

When were the new directors elected?

The new directors were elected effective April 10, 2024.

What other information is reported in this 8-K filing?

In addition to the election of directors, the filing also reports on compensatory arrangements of certain officers.

What is the principal executive office address for L3Harris Technologies?

The principal executive offices are located at 1025 West NASA Boulevard, Melbourne, Florida 32919.

What is the Commission File Number for L3Harris Technologies?

The Commission File Number for L3Harris Technologies is 001-03863.

From the Filing

0000202058-24-000069.txt : 20240410 0000202058-24-000069.hdr.sgml : 20240410 20240410163255 ACCESSION NUMBER: 0000202058-24-000069 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240410 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: 20240410 DATE AS OF CHANGE: 20240410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: L3HARRIS TECHNOLOGIES, INC. /DE/ CENTRAL INDEX KEY: 0000202058 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 340276860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03863 FILM NUMBER: 24836213 BUSINESS ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 BUSINESS PHONE: 3217279100 MAIL ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS SEYBOLD CO DATE OF NAME CHANGE: 19600201 8-K 1 hrs-20240410.htm 8-K hrs-20240410 0000202058 false 0000202058 2024-04-10 2024-04-10 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): April 10, 2024 L3HARRIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 1-3863 34-0276860 (State or other jurisdiction  of incorporation) (Commission  File Number) (I.R.S. Employer  Identification No.) 1025 West NASA Boulevard Melbourne, Florida   32919 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 321 )  727-9100 No change (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, par value $1.00 per share LHX 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 or Rule 12b-2 of the Securities Exchange Act of 1934.   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 . Effective May 1, 2024, Mr. John Cantillon will become the Company’s Vice President and Principal Accounting Officer as part of a planned succession. Mr. Cantillon succeeds Ms. Corliss J. Montesi who will remain with the Company in a part time role assisting in the transition and supporting several ongoing finance initiatives. There is no disagreement on any matter relating to the Company’s financial condition

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