Textron Inc. Reports Executive and Director Changes

Ticker: TXT · Form: 8-K · Filed: 2025-02-27T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-changes, governance

TL;DR

Textron's board is shuffling execs and directors, watch for strategy shifts.

AI Summary

Textron Inc. announced on February 26, 2025, changes in its executive and director roles. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. Specific names and dollar amounts related to these changes were not detailed in the provided excerpt.

Why It Matters

Changes in executive and director leadership can signal shifts in company strategy, governance, and future performance.

Risk Assessment

Risk Level: medium — Executive and director changes can indicate underlying issues or strategic pivots that may impact the company's future performance.

Key Players & Entities

FAQ

What specific roles have been affected by the departure of officers or directors?

The filing indicates the departure of certain officers and directors, but the specific roles are not detailed in the provided excerpt.

Who are the newly elected directors?

The filing mentions the election of directors, but their names are not specified in the provided excerpt.

Are there any changes to the compensatory arrangements for Textron's officers?

Yes, the filing states that there are changes to the compensatory arrangements of certain officers, but the details are not included in the excerpt.

What is the date of the earliest event reported in this 8-K filing?

The earliest event reported is dated February 26, 2025.

What is Textron Inc.'s IRS Employer Identification Number?

Textron Inc.'s IRS Employer Identification Number is 05-0315468.

From the Filing

0000217346-25-000021.txt : 20250227 0000217346-25-000021.hdr.sgml : 20250227 20250227150702 ACCESSION NUMBER: 0000217346-25-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250226 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250227 DATE AS OF CHANGE: 20250227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEXTRON INC CENTRAL INDEX KEY: 0000217346 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT & PARTS [3720] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 050315468 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05480 FILM NUMBER: 25677762 BUSINESS ADDRESS: STREET 1: 40 WESTMINSTER ST CITY: PROVIDENCE STATE: RI ZIP: 02903 BUSINESS PHONE: 4014212800 MAIL ADDRESS: STREET 1: 40 WESTMINSTER ST CITY: PROVIDENCE STATE: RI ZIP: 02903 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TEXTRON INC DATE OF NAME CHANGE: 19710510 8-K 1 txt-20250226.htm 8-K txt-20250226 0000217346 FALSE 0000217346 2025-02-26 2025-02-26   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 26, 2025 TEXTRON INC. (Exact name of Registrant as specified in its charter) Delaware 1-5480 05-0315468 (State of Incorporation) (Commission File Number) (IRS Employer Identification Number) 40 Westminster Street , Providence , Rhode Island   02903 (Address of principal executive offices) Registrant’s telephone number, including area code: ( 401 ) 421-2800 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 Instructions 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 exchange on which registered Common Stock – par value $0.125 TXT 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 February 26, 2025, the Board of Directors of Textron Inc. (“Textron”) elected Rob Mionis as a member of the Board effective March 1, 2025. Mr. Mionis is the President and Chief Executive Officer of Celestica Inc., a multinational leader in design, manufacturing, hardware platform and innovative supply chain solutions for a wide range of industries including aerospace, industrial and communications. Celestica’s solutions span design and engineering through to after-mar

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