Northrop Grumman Appoints New CFO, Adds Directors

Ticker: NOC · Form: 8-K · Filed: 2024-05-16T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-appointments, leadership

Related Tickers: NOC

TL;DR

NGM shakes up leadership: new CFO David Ryan starts tomorrow, two new directors join the board.

AI Summary

Northrop Grumman Corporation announced on May 14, 2024, changes in its executive leadership. The company appointed David L. Ryan as Executive Vice President and Chief Financial Officer, effective May 15, 2024. Additionally, the Board of Directors elected two new independent directors, Dr. Lisa M. Porter and Ms. Heidi R. Wood, to serve until the 2025 annual meeting.

Why It Matters

These executive and board changes could signal shifts in financial strategy or governance oversight for the defense contractor.

Risk Assessment

Risk Level: low — The filing details routine executive and board appointments and does not indicate any significant financial distress or operational issues.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer of Northrop Grumman?

David L. Ryan has been appointed as the new Executive Vice President and Chief Financial Officer.

When is David L. Ryan's appointment as CFO effective?

David L. Ryan's appointment is effective May 15, 2024.

How many new independent directors were elected to the Board of Directors?

Two new independent directors were elected.

Who are the newly elected independent directors?

Dr. Lisa M. Porter and Ms. Heidi R. Wood are the newly elected independent directors.

What is the term for the newly elected directors?

The newly elected directors will serve until the 2025 annual meeting.

From the Filing

0001133421-24-000034.txt : 20240516 0001133421-24-000034.hdr.sgml : 20240516 20240516060456 ACCESSION NUMBER: 0001133421-24-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240514 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240516 DATE AS OF CHANGE: 20240516 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: 24953460 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-20240514.htm 8-K noc-20240514 false NORTHROP GRUMMAN CORP /DE/ 0001133421 0001133421 2023-02-14 2023-02-14 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) May 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. (b) (e)    On May 14, 2024, Northrop Grumman Corporation (the “Company”) issued a press release announcing certain leadership changes. The Company announced that David Keffer, Corporate Vice President and Chief Financial Officer, will be retiring from the Company

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