Northrop Grumman Announces Board and Executive Compensation Changes
Ticker: NOC · Form: 8-K · Filed: 2025-02-19T00:00:00.000Z
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: NGM
TL;DR
NGM board shakeup and exec pay changes announced Feb 17.
AI Summary
Northrop Grumman Corporation announced on February 17, 2025, changes in its board of directors and executive compensation. Specifically, the company reported the departure of a director and the election of a new director, along with updates to its compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and typically do not represent significant new risks.
Key Players & Entities
- NORTHROP GRUMMAN CORP /DE/ (company) — Registrant
- February 17, 2025 (date) — Date of earliest event reported
- 2980 Fairview Park Drive (location) — Principal executive offices address
- Falls Church, VA (location) — Principal executive offices city and state
- 703-280-2900 (phone_number) — Registrant's telephone number
FAQ
Who departed from the Northrop Grumman board of directors?
The filing indicates the departure of a director, but does not name the individual in the provided text.
Who was elected to the Northrop Grumman board of directors?
The filing states that a new director was elected, but does not provide their name in the excerpt.
What is the primary purpose of this Form 8-K filing?
This Form 8-K is filed to report the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
On what date were these events reported to have occurred?
The earliest event reported occurred on February 17, 2025.
What is Northrop Grumman's principal executive office address?
Northrop Grumman's principal executive offices are located at 2980 Fairview Park Drive, Falls Church, VA 22042.
From the Filing
0001133421-25-000008.txt : 20250219 0001133421-25-000008.hdr.sgml : 20250219 20250219160929 ACCESSION NUMBER: 0001133421-25-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250217 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250219 DATE AS OF CHANGE: 20250219 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: 25640037 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-20250217.htm 8-K noc-20250217 false NORTHROP GRUMMAN CORP /DE/ 0001133421 0001133421 2025-02-17 2025-02-17 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) February 17, 2025 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. (e) On February 18, 2025, the Compensation and Human Capital Committee and the Board of Directors (the "Board") of Northrop Grumman Corporation (the "Company") approved the following compensation-related actions for the Company's named executive officers. • Approved the 2025 goals under the 2006 Annual Incentive Plan and Incentive Compensation Plan, as