HII Announces CEO Transition and New Director Appointment

TL;DR

HII CEO Michael Smith takes over Nov 7, D'Agostino joins board, Kastner becomes Exec Chairman.

AI Summary

Huntington Ingalls Industries, Inc. (HII) announced on November 5, 2024, changes in its executive leadership and board of directors. Effective November 5, 2024, Thomas E. D'Agostino was appointed as a new director, and effective November 7, 2024, Christopher J. Kastner will transition from CEO to Executive Chairman, with Michael L. Smith succeeding him as CEO. Additionally, HII entered into a new employment agreement with Mr. Smith.

Why It Matters

This filing signals a significant leadership change at the top of Huntington Ingalls Industries, which could impact the company's strategic direction and operational execution.

Risk Assessment

Risk Level: medium — CEO transitions and board changes can introduce uncertainty regarding future strategy and operational continuity.

Key Players & Entities

• Huntington Ingalls Industries, Inc. (company) — Registrant
• Thomas E. D'Agostino (person) — Appointed Director
• November 5, 2024 (date) — Effective date for D'Agostino's appointment and Kastner's transition
• Christopher J. Kastner (person) — Outgoing CEO, transitioning to Executive Chairman
• November 7, 2024 (date) — Effective date for Smith's CEO appointment and Kastner's transition
• Michael L. Smith (person) — Incoming CEO

FAQ

From the Filing

0001501585-24-000046.txt : 20241107 0001501585-24-000046.hdr.sgml : 20241107 20241107163516 ACCESSION NUMBER: 0001501585-24-000046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241105 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34910 FILM NUMBER: 241436447 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 8-K 1 hii-20241105.htm 8-K hii-20241105 0001501585 false 0001501585 2023-11-02 2023-11-02 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) November 5, 2024   _____________________________________ HUNTINGTON INGALLS INDUSTRIES, INC. (Exact name of registrant as specified in its charter)  _____________________________________ Delaware 001-34910 90-0607005 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 4101 Washington Avenue Newport News Virginia 23607 (Address of principal executive offices)  (Zip Code) ( 757 )  380-2000 (Registrant’s telephone number, including area code)   (Former name or former address, if changed since last report) 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 HII New York Stock Exchange 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)) 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 November 5, 2024, Kara R. Wilkinson was elected by the