L3Harris Technologies Proxy Statement Filed

TL;DR

L3Harris proxy statement is out, shareholders vote soon on exec pay & company direction.

AI Summary

L3Harris Technologies, Inc. filed a Definitive Proxy Statement (DEFA14A) on March 31, 2025, for its annual meeting. The filing details the company's governance, executive compensation, and proposals to be voted on by shareholders. Key information includes the company's business address at 1025 W NASA Blvd, Melbourne, FL 32919, and its fiscal year end of January 3rd.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company matters, including executive compensation and corporate governance, impacting the company's direction.

Risk Assessment

Risk Level: low — This is a routine proxy filing, not indicating any immediate financial distress or significant new risks.

Key Numbers

• 0103 — Fiscal Year End (Indicates the end of the company's financial reporting period.)

Key Players & Entities

• L3HARRIS TECHNOLOGIES, INC. (company) — Registrant
• HARRIS CORP (company) — Former Company Name
• HARRIS SEYBOLD CO (company) — Former Company Name
• 3217279100 (dollar_amount) — Business Phone Number

FAQ

From the Filing

0001104659-25-029601.txt : 20250331 0001104659-25-029601.hdr.sgml : 20250331 20250331065516 ACCESSION NUMBER: 0001104659-25-029601 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20250331 DATE AS OF CHANGE: 20250331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: L3HARRIS TECHNOLOGIES, INC. /DE/ CENTRAL INDEX KEY: 0000202058 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] ORGANIZATION NAME: 04 Manufacturing EIN: 340276860 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-03863 FILM NUMBER: 25788776 BUSINESS ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 BUSINESS PHONE: 3217279100 MAIL ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS SEYBOLD CO DATE OF NAME CHANGE: 19600201 DEFA14A 1 tm2510828d1_defa14a.htm DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material under §240.14a-12 L3HARRIS TECHNOLOGIES, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): x No fee required. ¨ Fee paid previously with preliminary materials. ¨ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 PAGE A | L3HARRIS TECHNOLOGIES 2024 ANNUAL REPORT ANNUAL MEETING OF SHAREHOLDERS APRIL 18, 2025 20 25 EXECUTIVE COMPENSATION SUPPLEMENT In our Proxy Statement, we summarize the key design features of our executive compensation program. We are providing this Executive Compensation Supplement to provide additional detail for our shareholders on our executive compensation philosophy and programs and the payout and design of our performance share unit awards. Please read this Executive Compensation Supplement together with the information included in the Compensation Discussion & Analysis, compensation tables, and narrative on pages 26 through 59 of our 2025 Proxy Statement before you cast your vote on Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation. Our Board of Directors and Compensation Committee believe that our target total compensation levels align with peers in our industry, and 2024 payouts show that our compensation program is working as intended to promote pay-for-performance and align our executive compensation with shareholder interests. This is why the Board of Directors recommends voting “FOR” approval of the Compensation of our Named Executive Officers. COMPENSATION PHILOSOPHY ENCOURAGES AND REWARDS CREATION OF SUSTAINABLE, LONG-TERM SHAREHOLDER VALUE Our executive compensation program is designed to encourage and reward creation of sustainable, long-term shareholder value by: > Aligning with shareholder interests > Being competitive at target performance level > Motivating achievement of financial goals and strategic objectives > Aligning realized pay with performance > Attracting, retaining and motivating top executive talent > Continuously seeking shareholder feedback PROACTIVE ENGAGEMENT AND A HISTORY OF RESPONSIVENESS TO SHAREHOLDER FEEDBACK RESULTED IN PLAN DESIGN CHANGES THAT GARNERED OVERWHELMING SUPPORT FROM SHAREHOLDERS LAST YEAR We continuously seek shareholder views and input on our executive compensation