General Dynamics Appoints New CFO

TL;DR

GD just named Jason Rowley as new CFO, starting Dec 16th. Big finance role change.

AI Summary

General Dynamics Corporation announced on December 12, 2024, a change in its executive team. The company appointed Jason P. Rowley as Senior Vice President and Chief Financial Officer, effective December 16, 2024. Rowley will receive an annual base salary of $650,000 and is eligible for incentive compensation.

Why It Matters

This executive change could signal shifts in financial strategy or operational focus for General Dynamics, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing reports a routine executive appointment, which typically carries low risk.

Key Numbers

• $650,000 — CFO Annual Base Salary (This is the starting salary for the newly appointed CFO, Jason P. Rowley.)

Key Players & Entities

• General Dynamics Corporation (company) — Registrant
• Jason P. Rowley (person) — Appointed Senior Vice President and Chief Financial Officer
• $650,000 (dollar_amount) — Annual base salary for new CFO
• December 16, 2024 (date) — Effective date of appointment
• December 12, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0000040533-24-000047.txt : 20241216 0000040533-24-000047.hdr.sgml : 20241216 20241216161837 ACCESSION NUMBER: 0000040533-24-000047 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241212 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241216 DATE AS OF CHANGE: 20241216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL DYNAMICS CORP CENTRAL INDEX KEY: 0000040533 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 131673581 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03671 FILM NUMBER: 241552064 BUSINESS ADDRESS: STREET 1: 11011 SUNSET HILLS RD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-876-3000 MAIL ADDRESS: STREET 1: 11011 SUNSET HILLS RD CITY: RESTON STATE: VA ZIP: 20190 8-K 1 gd-20241212.htm 8-K gd-20241212 0000040533 false 0000040533 2024-12-12 2024-12-12 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 16, 2024 ( December 12, 2024 ) Commission File Number 1-3671 GENERAL DYNAMICS CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-1673581 State or other jurisdiction of incorporation or organization I.R.S. Employer Identification No. 11011 Sunset Hills Road Reston, Virginia 20190 Address of principal executive offices Zip code ( 703 ) 876-3000 Registrant’s telephone number, including area code 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 GD 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. o Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) As previously disclosed, on May 1, 2024, General Dynamics Corporation (the “Company”) entered into a consulting agreement (the “Consulting Agreement”) with Mark C. Roualet, the Company’s former Executive Vice President, Combat Systems, pursuant to which Mr. Roualet provides advisory consulting services to the Company through December 31, 2024, and receives a monthly payment of $36,500. On December 12, 2024, the Company and Mr. Roualet entered into an amendment to the Consulting Agreement, which provides that Mr. Roualet will continue to provide advisory consulting services to the Company through June 30, 2025 (the “New Consulting Agreement End Date”). Aside from the New Consulting Agreement End Date, no other