KBR Appoints New CFO, Dr. Nic Tsangaris

TL;DR

KBR gets a new CFO, Dr. Nic Tsangaris, starting Dec 9th with a $500k salary.

AI Summary

KBR, Inc. announced on December 6, 2024, the appointment of Dr. Nic K. V. Tsangaris as Chief Financial Officer, effective December 9, 2024. He will receive an annual base salary of $500,000 and will be eligible for various incentive programs. Additionally, the company announced the departure of its previous CFO, Stuart M. Bradie, and the election of new directors.

Why It Matters

This filing details a significant leadership change in the finance department, which can impact investor confidence and the company's financial strategy.

Risk Assessment

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

Key Numbers

• $500,000 — CFO Annual Base Salary (This is the starting salary for the newly appointed CFO, Dr. Nic Tsangaris.)

Key Players & Entities

• KBR, Inc. (company) — Registrant
• Dr. Nic K. V. Tsangaris (person) — Appointed Chief Financial Officer
• $500,000 (dollar_amount) — Annual base salary for new CFO
• December 9, 2024 (date) — Effective date for new CFO
• Stuart M. Bradie (person) — Departing Chief Financial Officer

FAQ

Key Financial Figures

• $0.001 — exchange on which listed Common Stock, $0.001 par value KBR New York Stock Exchange

Filing Documents

• kbr-20241206.htm (8-K) — 25KB
• kbr-20241206_g1.jpg (GRAPHIC) — 297KB
• 0001357615-24-000061.txt ( ) — 870KB
• kbr-20241206.xsd (EX-101.SCH) — 2KB
• kbr-20241206_lab.xml (EX-101.LAB) — 23KB
• kbr-20241206_pre.xml (EX-101.PRE) — 13KB
• kbr-20241206_htm.xml (XML) — 3KB

From the Filing

kbr-20241206 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): December 6, 2024 KBR, Inc. ( Exact name of registrant as specified in its charter ) Delaware 001-33146 20-4536774 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 601 Jefferson Street Suite 3400 Houston, Texas 77002 (Address of principal executive offices) Registrant's telephone number including area code: ( 713 ) 753-2000 Title of each class Trading symbol Name of each exchange on which listed Common Stock, $0.001 par value KBR 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 ( 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)) 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) Departure of Directors or Certain Officers. On December 6, 2024, Mark E. Baldwin notified KBR, Inc. ("KBR") of his decision to retire from service on KBR's Board of Directors (the "Board") effective December 7, 2024. Mr. Baldwin has served on the Board since October 2014. Mr. Baldwin's retirement from the Board was not due to any disagreement with KBR on any matter relating to KBR's operations, policies or practices. As a result of Mr. Baldwin's retirement, the Board has reduced its size from eleven to ten members. Mr. Baldwin served as a member of the Audit Committee and Sustainability & Corporate Responsibility Committee for the duration of his tenure. He served as Chair of the Audit Committee for seven years. Stuart Bradie, KBR President and Chief Executive Officer, remarked, "I would like to congratulate Mark on his retirement and thank him for his outstanding service to the KBR Board. Mark's insights and experience at the Board have been invaluable and his leadership of the Audit Committee was instrumental in moving KBR forward as we transformed and matured." General Lester Lyles, KBR Chairman of the Board, commented, "Mark has been an integral member of KBR's Board for over ten years. His experience and exacting standards in corporate governance earned the trust and respect of everyone on the KBR Board and throughout the organization. It has been a pleasure to work alongside Mark, and I wish him a wonderful retirement." SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KBR, INC. December 9, 2024 /s/ Sonia Galindo Sonia Galindo Executive Vice President, General Counsel & Corporate Secretary