Motorola Solutions Appoints New CFO, Elects Directors

Ticker: MSI · Form: 8-K · Filed: 2024-10-09T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-of-directors, cfo-appointment

Related Tickers: MSI

TL;DR

MSI shakes up exec team: new CFO Stark in, old CFO Smith out, two new board members elected.

AI Summary

Motorola Solutions, Inc. announced on October 8, 2024, changes in its executive team. The company elected two new directors, David M. Johnson and Michael J. Smith, to its Board of Directors, effective immediately. Additionally, the company appointed Christopher J. Stark as its new Chief Financial Officer, succeeding John P. Smith, who will transition to an advisory role.

Why It Matters

These executive changes could signal a new strategic direction or focus for Motorola Solutions, potentially impacting its financial performance and market position.

Risk Assessment

Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding future financial strategies and operational execution.

Key Players & Entities

FAQ

Who are the newly elected directors to Motorola Solutions' Board?

David M. Johnson and Michael J. Smith were elected as new directors to the Board of Directors.

Who has been appointed as the new Chief Financial Officer?

Christopher J. Stark has been appointed as the new Chief Financial Officer.

What is the effective date of these changes?

The earliest event reported is dated October 8, 2024.

What will be the role of the outgoing CFO, John P. Smith?

John P. Smith will transition to an advisory role.

What is Motorola Solutions' principal executive office address?

The principal executive offices are located at 500 W. Monroe Street, Chicago, Illinois 60661.

From the Filing

0001193125-24-235267.txt : 20241009 0001193125-24-235267.hdr.sgml : 20241009 20241009165729 ACCESSION NUMBER: 0001193125-24-235267 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241008 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241009 DATE AS OF CHANGE: 20241009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Motorola Solutions, Inc. CENTRAL INDEX KEY: 0000068505 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 361115800 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07221 FILM NUMBER: 241363209 BUSINESS ADDRESS: STREET 1: 500 W. MONROE ST. CITY: CHICAGO STATE: IL ZIP: 60661 BUSINESS PHONE: 8475765000 MAIL ADDRESS: STREET 1: 500 W. MONROE ST. CITY: CHICAGO STATE: IL ZIP: 60661 FORMER COMPANY: FORMER CONFORMED NAME: MOTOROLA INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MOTOROLA DELAWARE INC DATE OF NAME CHANGE: 19760414 8-K 1 d872956d8k.htm 8-K 8-K false 0000068505 0000068505 2024-10-08 2024-10-08     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): October 8, 2024     Motorola Solutions, Inc. (Exact Name of Registrant as Specified in Charter)     Delaware (State or Other Jurisdiction of Incorporation)   1-7221   36-1115800 (Commission File Number)   (IRS Employer Identification No.)   500 W. Monroe Street Chicago , Illinois   60661 (Address of Principal Executive Offices)   (Zip Code) Registrant’s telephone number, including area code: 847 - 576-5000 Not applicable (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 (see General Instruction A.2. below):   ☐ 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 $0.01 par value   MSI   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. On October 8, 2024, the Board of Directors of Motorola Solutions, Inc. (the “Company”), upon the recommendation of its Compensation and Leadership Committee and in consultation with its independent compensation consultant, approved an increase in the target annual long-term ince

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